Advent International has made a public tender offer to acquire Polish educational publisher Wydawnictwa Szkolne i Pedagogiczne SA (WSiP). The offer is valued just north of $142 million.
STR Holdings Inc., an Enfield, Conn.-based maker of solar power module encapsulants, raised $123 million in its IPO. The company priced 12.3 million common shares at $10 per share (below $13-$15 offering range), and closed its first day of trading at $13.10 per share. Credit Suisse and Goldman Sachs served as co-lead underwriters on the IPO. […]
China Investment Corp. has agreed to buy $1.58 billion of new equity in U.S. power generation and distribution company The AES Corp. (NYSE: AES), in exchange for around a 15% ownership position.
Graceway Pharmaceuticals LLC, a portfolio company of GTCR Golder Rauner, has acquired the global license to an anti-proliferative agent from Gilead Sciences. The investigational molecule is designed to inhibit cellular DNA synthesis, leading to the induction of apoptosis. No financial terms were disclosed.
The Quercus Trust has completed its acquisition of Applied Solar Inc., a maker of building-integrated photovoltaics that filed for bankruptcy earlier this year.
Lime Rock Partners has invested $25 million in Expert Petroleum SA, a Romanian rehabilitator of mature oil and gas fields.
AMSTERDAM/LONDON6 (Reuters) – French utility EDF (EDF.PA) has set an indicative timetable in its sale of Britain’s biggest electricity distribution network as industry and financial parties begin to form consortia, sources said. EDF has sent a teaser out to potential bidders for its three distributor network operators (DNOs) whose regulated asset value (RAV) now stands […]
HONG KONG (Reuters) – French insurer AXA’s (AXAF.PA) 15.6 percent stake in China’s No.4 life insurer, Taikang, attracted foreign and domestic bidders including Temasek and Blackstone (BX.N), valuing the holding at more than $1 billion, sources told Reuters on Monday. Other bidders included Bain Capital, KKR and two Chinese private equity firms, Hopu Investments and […]
HONG KONG/MUMBAI (Reuters) – India’s ICICI Bank (ICBK.BO), Singapore’s state investor Temasek Holdings and another large shareholder have revived plans to sell their stakes in back-office company Firstsource Solutions (FISO.BO), in a deal valued at $285 million at the current market price, sources said. ICICI, Temasek’s Aranda Investment and U.S.-based banking technology group Metavante own […]
NEW DELHI (Reuters) – India’s Kingfisher Airlines Ltd (KING.BO) said it is close to securing $400 million from private equity investors, as the cash-strapped carrier tries to cut its debt and interest burden. Chairman Vijay Mallya also said on Monday the airline would complete a $100 million rights issue and a $100 million global depositary […]