MILAN (Reuters) – Italy’s Amplifon (AMPF.MI) has been contacted by several private equity funds for a possible tie-up with the hearing-aid unit of Siemens (SIEGn.DE) and Germany’s Geers, a person close to the talks said. “These funds are very interested in such an operation, which would combine Siemens Audiology, which is a manufacturer, with someone […]
Vringo, a New York-based provider of video ringtone sharing solutions, has filed to raise $64.3 million via an IPO of stock and warrants. The company plans to trade on the Nasdaq, with Maxim Group serving as lead underwriter. The company reported just $36,000 in revenue for the first nine months of 2009. Shareholders include Warburg […]
TorQuest Partners has acquired the rosin and terpene resins business of Ashland Inc. (NYSE: ASH). The deal was valued at approximately $75 million. The newly-independent business will be renamed Pinova Inc.
Diamond Castle Partners has acquired Suture Express Inc. from Code Hennessy & Simmons and Linden LLC. No financial terms were disclosed. Suture Express is a Lenexa, Kansas-based distributor of sutures, endo-mechanical products and other disposable medical and surgical products.
LONDON (Reuters) – Private equity firm Warburg Pincus is to buy survival equipment maker Survitec for 280 million pounds ($456 million), marking the third British buyout deal in as many days. Warburg Pincus’s deal on Friday follows KKR’s buy of pet goods retailer Pets at Home and Advent International’s purchase of pensions consultancy Xafinity. Warburg […]
NEW YORK (Reuters) – Billionaire Ronald Burkle has offered to invest at least $50 million for a controlling stake in luxury department store Barneys New York, the Wall Street Journal reported on Thursday, citing people familiar with the situation. Burkle’s investment firm Yucaipa Cos bought a large amount of the chain’s debt late last year […]
WILMINGTON, Del. (Reuters) – U.S. video rental chain Movie Gallery Inc (MVGR.PK) has hired the law firm of Sonnenschein Nath & Rosenthal to prepare for a possible bankruptcy filing and is reviewing bids from liquidators to close 800 stores, sources said on Thursday. John Bicks, a partner at Sonnenschein, is working on the restructuring, according […]
LONDON/FRANKFURT (Reuters) – Oaktree Capital Management is seeking to sell German flexible packaging maker Nordenia International AG for about 600 million euros ($844 million), people familiar with the matter said. Nordenia’s range of flexible packaging, technical films and other products includes packing for Tyson Foods Inc (TSN.N) meal kits and Nestle (NESN.VX) cat food, and […]
Advent International has acquired Xafinity, a UK-based pension services and employee benefits company, from Duke Street Capital. No pricing terms were disclosed for the deal, which included leveraged financing from Ares Management, Babson Capital, Bank of Ireland, Barclays, Calyon, Lloyds TSB Corporate Markets and Royal Bank of Scotland. Xafinity reported income of £136 million for the fiscal year ending March 31, 2009.
NEW YORK(Reuters) – Privately held North American Bancard Inc has hired Deutsche Bank (DBKGn.DE) to advise it on a possible sale, sources familiar with the matter said, in a sign payment processor deals are picking up after a two-year lull.Royal Bank of Scotland Group Plc’s (RBS.L) is also moving ahead on a plan to sell […]