Sovereign wealth fund Kuwait Investment Authority, money manager BlackRock Inc., and twenty other cornerstone investors will buy around 62% of Malaysian firm IHH Healthcare‘s up-to-$2 billion IPO, the biggest takeup by such investors of any recent major offering in the region. The cornerstone investors will buy 1.39 billion of the 2.23 billion shares on offer, […]
Australian coal magnate Nathan Tinkler, who has offered to buy out the country’s second -largest independent coal producer, Whitehaven Coal, is trying to line up at least $2.5 billion in debt from banks including UBS and JPMorgan, two sources told Reuters on Thursday. REUTERS NEWS: Australian coal magnate Nathan Tinkler, who has offered to buy […]
Quest, which has agreed to sell itself to IVP, has received a better offer from an unknown bidder. Is it Dell?
Arkansas Best Corp. said it will buy logistics company Panther Expedited Services from private equity firm Fenway Partners for $180 million including debt. The deal will include cash of $80 million and a five-year $100 million senior secured term loan, the company said in a statement. (Reuters) – Arkansas Best Corp said it will buy […]
EQT VI is to acquire Vertu Corporation, a luxury mobile phone business, from Nokia. UK-based Vertu was founded by Nokia in 1998. Terms of the transaction were undisclosed. PRESS RELEASE EQT VI has agreed to acquire Vertu Corporation (“Vertu” or the “Company”), the global leader in luxury mobile phones, from Nokia. Founded by Nokia in […]
Southport Lane has bought Redwood Reinsurance. Financial terms weren’t discosed. Redwoods, of the Cayman Islands, provides treaty reinsurance for workers compensation and general liability insurance in the United States. PRESS RELEASE Southport Lane, a New York-based private equity firm, has acquired Redwood Reinsurance SPC, Ltd., a Cayman Islands-based reinsurer that provides treaty reinsurance for workers […]
USI Insurance Partners, which is backed by Goldman Sachs Capital Partners, has completed its buy of Lynch, Beretta and Bucci Insurance. Financial terms weren’t announced. Lynch, Beretta, of Pawtucket, R.I., is a property and casualty insurance agency. PRESS RELEASE USI Insurance Services (“USI”), announced today the closing of the acquisition of Lynch, Beretta and Bucci […]
Vector Capital has boosted its offer for Technicolor to €2 a share but all other terms remain the same. Vector is vying with J.P. Morgan Chase to buy a stake in the French set-top maker. Earlier this week, Technicolor rejected a revised offer from J.P. Morgan. PRESS RELEASE In order to confirm our strong enthusiasm […]
Olympus Partner announced the sale of Tank Holdings today to Leonard Green & Partners.
So-called nontraded business development companies (BDCs) can raise money from retail investors without giving up many of the advantages and trappings of private limited partnerships. Continuous fundraising? Check. Lengthy lock-ups of capital? Check. Two-and-twenty fee structure? Check.