LONDON (Reuters) – A group of private equity firms is expected to progress to the second round of the sale of second-hand car dealership British Car Auctions, people familiar with the matter said. Buyout firms Bridgepoint, Cinven, BC Partners and Clayton Dubilier & Rice are all expected to go through to the next stage of […]
ABU DHABI (Reuters) – Invest AD, a state-owned investment fund, will pay 50 million euros ($74.92 million) to acquire a “significant” minority stake in Turkish logistics firm EKOL Lojistik A.S., it said on Wednesday. The investment, a capital increase aimed at funding the Turkish firm’s expansion plans, is the first by Invest AD’s new private […]
Tiburon, a Gores Group portfolio company focused on automated public safety and security solutions, has acquired the data applications business of Positron Public Safety System. No financial terms were disclosed.
SEOUL (Reuters) – South Korea may have to offer steep discounts to sell key state assets such as bank stakes, to help cut a growing fiscal deficit, while pumping money into the economy to pull it safely out of a global downturn. The alternative is more delays, but the desperation for funds may be enough […]
LONDON (Reuters) – The private equity backers of Danish telecoms group TDC (TDC.CO) are meeting banks this month as they look to line up advisers to sell part of their $7.4 billion stake, people familiar with the matter said. Buyout firms Blackstone (BX.N), KKR, Permira, Apax and Providence Equity Partners are meeting banks in November […]
TOKYO (Reuters) – Private equity firm TPG Capital could partner with American Airlines on a minority investment in Japan Airlines (9205.T) to prevent its defection to a rival airline group, the chief financial officer of American parent AMR Corp (AMR.N) said. The emergence of TPG as a potential investor comes as the loss-making Japan Airlines […]
NEW YORK (Reuters) – Info Group (IUSA.O), a business-to-business marketing firm, attracted first round bids from companies including rivals and private equity firms, two sources familiar with the matter said. Info Group said in December 2008 it retained boutique advisory firm Evercore (EVR.N) to help evaluate its options. That was prompted by its former CEO […]
TORONTO (Reuters) – Cossette Inc (KOS.TO), Canada’s largest homegrown advertising agency, said on Tuesday it will sell itself to private eqyity firm Mill Road Capital, spurning a lower bid from Cosmos Capital. Mill Road will acquire all of Cossette’s issued and outstanding subordinate voting shares for C$7.87 a share in cash. Based on about 12.4 […]
Chef Solutions Holdings LLC (a.k.a. Orval Kent), a Wheeling, Ill.-based manufacturer of fresh prepared foods for retailers and food service accounts, has raised $24 million from Mistral Equity Partners.
(Reuters) – Private equity firm BC Partners is staking up to $331 million on strong growth in U.S. career training, buying Texas-based ATI Enterprises from middle-market rival The Riverside Company. BC will invest the money from its current fund, alongside roughly $250 million of debt, to buy ATI, which offers courses in subjects such as […]