Japan's Aeon Co Ltd and a unit of Thailand's Central Group are eyeing a bid for PT Matahari Department Store, a CVC-owned retail group in Indonesia for which the private equity firm is seeking as much as $3.5 billion, Reuters reported. Reuters reported last October that CVC had hired banks to help sell the 80 percent stake it bought in PT Matahari in 2010 for $790 million. CVC had then teamed up with local Indonesian investment vehicle Matahari Putra Prima TBK (MPP) to buy a combined 98 percent stake in Matahari, in what is still the nation's biggest ever private equity buyout.
A potential bid by private equity firm Silver Lake and its partners to take Dell Inc private is unlikely to be topped by other investors, people familiar with the matter said.
Hamilton Lane, the Bala Cynwyd, Penn.-based private equity asset management firm, has hired Paul Waller as a partner in its London office. Waller recently retired from 3i after 35 years.
KingSett Capital is pressing ahead with plans to acquire, directly or indirectly, units of Canadian shopping mall owner and operator Primaris Retail Real Estate Investment Trust. The Toronto, Ontario-based KingSett, a private equity firm focused on opportunities in the real estate sector, leads an investor group that includes the C$17 billion Ontario Pension Board. The previously-announced offer has been estimated to value C$4.4 billion.
TSG Consumer Partners has taken a minority stake in My Fit Foods. Financial terms were not announced. Houston-based My Fit Foods is a retail outlet that provides fresh, healthy foods at affordable prices.
Kidd & Co., in collaboration with Centerfield Capital Partners, has acquired Imaginetics Inc., a manufacturer of precision metal components and assemblies for the aerospace industry. Imaginetics is based in Auburn, Wash. Centerfield Capital Partners and related parties provided subordinated debt and equity to support the transaction led by KCO.
Private equity company KKR & Co LP said on Wednesday it acquired a 24.9 percent stake in Nephila Capital Ltd, an investment management firm that focuses on natural catastrophe and weather risk, Reuters reported. Terms of the deal were not disclosed. KKR obtained shares from Nephila's management as well as from hedge fund manager Man Group Plc, which retained an 18.75 percent stake in the firm.
The publisher of Britain's Guardian and Observer newspapers has ended talks on selling its stake in Trader Media Group because the price offered fell short of expectations, the Financial Times said on Thursday. Trader Media Group, which owns the Auto Trader classified cars sales website and magazine, is a joint venture between Guardian Media Group and private venture company Apax, and its profits help offset operating losses at GMG's newspapers.
Recondo Technology has sealed a $20 million growth investment from Bregal Sagemount. Recondo makes cloud software and services designed to connect services to connect healthcare providers, payers and patients.
Private equity firm Electra has hired bank Rothschild to explore a sale or a refinancing of electronic animal identification company Allflex, which is worth about $1 billion, Reuters reported.
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