Update: IDFC is denying the Economic Times report MUMBAI (Reuters) – The private equity arm of India’s Infrastructure Development Finance Co (IDFC.BO) is buying energy giant BP’s (BP.L) wind power assets in India for 6.5 billion rupees ($134 million), the Economic Times reported on Friday. This signals BP’s exit from India’s renewable energy market and underscores […]
MELBOURNE(Reuters) – U.S. private equity firm TPG Capital plans to list Myer, Australia’s largest department store chain, on the local stock exchange this year in a deal that could be worth up to $2.6 billion and test the market’s faith in recovery. Retail analysts cautioned that much depended on the outlook for the retail sector […]
TOKYO (Reuters) – Japan’s Asahi Breweries (2502.T) said it was not in talks to buy soft drinks maker Orangina, denying a newspaper report it was competing with domestic rival Suntory Holdings in a $3.8 billion auction. Private equity firms Blackstone (BX.N) and Lion Capital, which bought Orangina in 2006, are considering an approach from Asahi […]
(Reuters) – Canadian retailer Dollarama Inc filed a preliminary prospectus with the country’s securities regulatory authorities for an initial public offering. Dollarama, which operates 585 stores, said late on Thursday the offering is being made through a syndicate of underwriters led by RBC Dominion Securities Inc, CIBC World Markets Inc and Credit Suisse Securities (Canada) […]
TOKYO (Reuters) – Japan’s Asahi Breweries (2502.T) is in talks to buy soft-drinks maker Orangina, competing with domestic rival Suntory Holdings in a $3.8 billion auction, the Financial Times said on Friday. Private equity firms Blackstone (BX.N) and Lion Capital, which acquired Orangina in 2006, are considering an approach from Asahi after an exclusive negotiation […]
NEW YORK (Reuters) – Youth clothing chain rue21 Inc is seeking to raise as much as $125 million in an initial public offering, joining a recent spike in filings by retailers. Rue21, which operates 500 stores serving young adults in 43 states, according to a prospectus filed on Thursday with the U.S. Securities and Exchange […]
NEW YORK (Reuters) – Hotel chain Extended Stay Inc agreed to an investigation into the buyout of the company in 2007 and its bankruptcy filing this year, according to court documents. Jacqueline Marcus, a lawyer with Weil, Gotshal & Manges representing Extended Stay, said during a bankruptcy court hearing that she expects the court to […]
Cotton Creek Capital has acquired Waste Partners of Texas, a Dallas-based provider of solid waste collection, sweeping, portable sanitation and related services in the Southwestern U.S. No financial terms were disclosed for the deal, which was followed by a bolt-on acquisition of Texas Toilets of Texas.
Business Monitor International Ltd., a London-based provider of country risk analysis and macroeconomic forecasting, has received a minority equity investment from Spectrum Equity Investors. No financial terms were disclosed.
Tejas Completion Solutions, a Houston-based provider of design, engineering and testing services to the completions segment of the oilfield services market,has acquired the inflow control device and reservoir fluid modeling business of Ziebel Tulsa LLC. The deal was financed by Tejas sponsor Intervale Capital. No pricing terms were disclosed.