CHICAGO (Reuters) – The Ricketts family has reached a deal to buy the storied Chicago Cubs baseball team from bankrupt media company Tribune Co for slightly less than the original $900 million bid, a source familiar with the deal said on Monday. “There is a deal between the Ricketts and Tribune Co,” said the source, […]
LONDON (Reuters) – A consortium of three debt investors has won control of French roofing materials group Monier, forcing previous owner PAI Partners to take a 256 million euro ($358 million) hit. Apollo Management [APOLO.UL], TowerBrook and York Capital secured the backing of Monier’s senior lenders at the end of last week, a spokeswoman for […]
Energy Investors Funds has acquired the largest equity stake in Astoria Energy II LLC, a company created to develop, construct, own and operate a new natural gas-fired power plant in the Astoria neighborhood of Queens. No financial terms were disclosed.
(Reuters) – Auto parts supplier Proliance International Inc (PLI.A) filed for bankruptcy protection in a Delaware court Thursday and said it agreed to sell all its U.S. assets to Centrum Equities XV LLC for $21.5 million. The company, which makes aftermarket heat exchange and temperature control products, said the sale would be supervised by the […]
Access Intelligence LLC, a Rockville, Md-based B2B information and marketing company backed by , has acquired Contexo Media, a Salt Lake City-based provider of medical coding and reimbursement books and software to the medical billing industry. No financial terms were disclosed. Access Intelligence is a portfolio company of Veronis Suhler Stevenson.
TORONTO (Reuters) – Onex Corp (OCX.TO) said on Thursday it acquired a majority stake in the Tropicana Las Vegas Hotel and Casino after the property emerged from bankruptcy protection. The Canadian private equity firm, which is the largest secured debt holder of the Tropicana, received an equity stake in the complex as part of a […]
HONG KONG (Reuters) – Two Chinese entities are set to invest around $800 million for 20 percent of China Mengniu Dairy (2319.HK), a source familiar with the matter said, the latest cash infusion for an industry recovering from a tainted milk scandal. One investor would be Hopu Investment Management, a private equity fund founded by […]
NEW YORK (Reuters) – MatlinPatterson Global Advisors, a private equity firm specialising in distressed investments, is considering leading a rescue bid for the whole of Nortel Networks, The Financial Times reported on Sunday. The New York-based company is trying to put together a consortium of investors to fund a recapitalisation of the Canadian company, the […]
LONDON (Reuters) – Private equity group Bridgepoint is lining up a 700 million pound ($1.15 billion) flotation of Pets at Home, the UK’s biggest retailer of pet products, according to The Sunday Times. Bridgepoint has held talks with Goldman Sachs, JP Morgan Cazenove, NM Rothschild and Bank of America Merrill Lynch to gauge investor appetite […]
LONDON (Reuters) – Debt-troubled UK heating products maker Baxi said on Friday it had agreed to merge with Dutch rival De Dietrich Remeha to boost its capital position and create one of Europe’s biggest heating products companies. Private equity-owned Baxi, which had debt of around 630 million pounds ($1 billion) at the end of 2008, […]