Colony Capital and Eurazeo have sold French restaurant chain Buffalo Grill to Abenex Capital, iXEN Partners and N.I. Partners. No financial terms were disclosed. www.buffalo-grill.fr
The Blackstone Group has completed its acquisition of a 20% stake in Chinese specialty chemical maker China National BlueStar Group Corp., a wholly-owned subsidiary of ChemChina. The deal was originally announced one year ago, and is valued at up to $600 million.
Argos Soditic has acquired a majority stake in LEXSI, a French information systems security consulting firm. No financial terms were disclosed for the deal, which was structured as a management buyout. www.argos-soditic.com
MANILA, Oct 6 (Reuters) – American International Group (AIG), crippled by losses related to bad mortgages, said it had received offers for its Philippine insurance businesses and announced plans to sell its Thai consumer finance units.   Once the world’s largest insurer, AIG (AIG.N) said on Friday it would focus on its main insurance operations […]
MUMBAI/HONG KONG (Reuters) – Private equity firms are starting to team up to bid for a $400 million stake in India’s Firstsource Solutions, sources familiar with the matter said, amid concerns that the price of the deal is too high. Apax Capital Partners, Blackstone Group and Providence Equity Partners are among the firms looking to […]
Insight Equity II is just a little more aggressive than its predecessor. The $500 million fund, which is in marketing mode right now, has the potential to collect 30% carried interest on its investments, depending on returns. That’s an increase from Insight Equity’s first fund. In addition to that, Insight is raising a $275 million […]
LONDON/NEW YORK (Reuters) – Plans by Ireland’s Elan Corp (ELN) to sell its drug delivery unit in an auction have been delayed by the credit crisis but some discussions are still continuing, people familiar with the situation said. Elan and its bankers had hoped to secure second-round bids from private equity firms for Elan Drug […]
Mid Europa Partners has agreed to acquire an additional 37.3% stake in Czech broadcast services company Falcon Group, from consortium partner Lehman Brothers.
Arsenal Capital Partners has agreed to acquire the Fine Chemicals business of Ferro Corp. (NYSE: FOE), for $66 million. The deal would result in a standalone company named Novolyte Technologies, which makes electrolytes used in the manufacture of lithium ion batteries and other products. It is expected to close later this year.
River Associates Investments has sponsored a recapitalization of Boxercraft Inc., an Atlanta-based maker of specialty apparel like licensed collegiate clothing. The deal included a $21 million one-stop financing from Patriot Capital Funding.
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