Israeli conglomerate Delek Group is examining the sale of its stake in The Phoenix Holdings insurance group in the wake of a government decision to break up some of the country’s biggest conglomerates, Reuters reported Thursday. Reuters wrote that buyout shop KKR was among those interested in the stake. (Reuters) – Israeli conglomerate Delek Group […]
Sovereign wealth fund China Investment Corp. is in advanced talks to buy an up to $2 billion stake in Alibaba Group, sources told Reuters, as the Chinese e-commerce powerhouse looks to secure the last of the funding it needs to buy back part of its stake from Yahoo Inc. The involvement of CIC, China’s giant […]
Silver Lake and Partners Group have agreed to buy Swiss-based tax-free shopping business Global Blue for 1 billion euros ($1.3 billion) from rival Equistone, Reuters reported Thursday. The two investors beat a handful of other buyout groups including BC Partners, EQT and TH Lee to buy the fast-growing business. Headquartered in Nyon, Switzerland, Global Blue’s […]
Global Blue, the duty-free shopping group, is being sold from Equistone Partners Europe to Silver Lake and Partners Group for approximately €1 billion. Reuters reported the team beat out investors including TH Lee and BC Partners to win the deal. PRESS RELEASE: NYON, SWITZERLAND AND LONDON, UK – 24 May 2012 – Silver Lake, the […]
The CIT Group has appointed Neil Wessan as MD and group head of CIT Capital Markets effective immedlatey. Previously, Wessan was head of capital markets at Gleacher & Co. PRESS RELEASE CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing to small businesses and middle market companies, today announced the appointment of Neil […]
Royal Adhesives & Sealants, which is backed by Arsenal Capital Partners, said Wednesday that it will buy nearly all the assets of Clifton Adhesives. Financial terms weren’t announced. Clifton Adhesive is a specialty adhesive manufacturer. PRESS RELEASE Royal Adhesives & Sealants (Royal) a portfolio company of Arsenal Capital Partners (Arsenal) announced that Royal will acquire […]
Electronic storage device maker Seagate Technology Plc plans to buy a 64.5% stake in France-based digital storage devices maker LaCie in a $186 million deal, which will help it expand in Japan and Europe. The deal value includes acquired net cash of $65 million. Seagate, which competes with Western Digital Corp, hopes to expand in […]
Investment firm Oaktree Capital Management will invest $225 million in Diamond Foods Inc. to help the company shore up its balance sheet, pay down debt and grow its business. The seller of Emerald nuts and Pop Secret popcorn, whose shares rose more than 3%, said on Wednesday the investment will allow it to amend its […]
Oracle will acquire cloud-based social marketing and engagement platform Vitrue, the company announced Wednesday. Terms of the deal were not released. Vitrue’s technology is designed to help marketers create, publish, moderate and manage social marketing campaigns and activities on platforms such as Facebook, Twitter and YouTube. PRESS RELEASE —  Oracle announced today that it has […]
Publicly traded medical device maker AngioDynamics has completed its purchase of private equity-backed Navilyst Medical. The deal was valued at $355 million. Avista Capital Partners acquired Navilyst Medical from Boston Scientific in 2008. Navilyst is a medical device company focused on areas including vascular access, interventional radiology and interventional cardiology. PRESS RELEASE AngioDynamics ANGO -0.80% […]
pehub
pehub

Copyright PEI Media

Not for publication, email or dissemination