Bain Capital and Lion Capital have emerged as front-runners to buy rival Bridgepoint‘s majority stake in French eyewear retailer Alain Afflelou in a sale expected to be backed by around 300 million euros ($399 million) of debt, Reuters reported Thursday. Bridgepoint bought a majority stake in Afflelou in 2006. (Reuters) – Private equity firms Bain […]
Chicago-based Prudential Capital Group has appointed Bill Engelking to lead its Chicago office. Prudential Capital makes middle-market private equity investments. Engelking joined Prudential in 1997. His promotion comes as part of the company’s strategy to position its U.S. regional corporate finance platform for expansion, first announced on Jan. 31, 2012. PRESS RELEASE: Prudential Capital Group appointed […]
Financiere Star, a fund controlled by the PE firm PAI Partners, has sold about 35.42 million shares in Chr. Hansen Holding, a Danish food ingredients maker that went public last year. REUTERS: The biggest shareholder in Danish food ingredients maker Chr. Hansen has sold a 25.7 percent stake to Novo A/S, cutting its holdings to […]
Shawbrook Bank, a London-based savings and loan that caters to small and medium-size businesses, has acquired Singers Asset Finance, a finance company that funds, among other things, medical assets for the healthcare sector. Terms of the deal were not disclosed. PRESS RELEASE: Shawbrook Bank is pleased to announce that it has acquired Singers Asset Finance […]
Cunningham Lindsey, an insurance claims management company controlled by buyout firm Stone Point Capital, is up for sale and could fetch more than $1 billion, Reuters reported. Bank of America Merrill Lynch is advising Cunningham Lindsey on the auction, Reuters wrote, adding that the company is expected to draw interest from private equity firms. […]
Irish financial services group IFG has sold its international division to private equity fund manager AnaCap for 70 million pounds ($111 million), writes Reuters. AnaCap, which has more than 1 billion euros ($1.4 billion) of assets under management, owns UK bank Aldermore, brokerage Conduit Capital Markets and Malta’s Mediterranean Bank, according to Reuters. Reuters – […]
US buyout firm Cerberus Capital Management has sold the Japanese operations of an employment agency to private equity firm CVC Capital Partners for an undisclosed amount, writes Reuters. The business was recently renamed Prompt Holdings. Current management will not be changed, writes Reuters. Reuters – US buyout firm Cerberus Capital Management has sold the Japanese […]
Today's First Read comes with PE's plans for China, the Taco-Copter, and who made what on OMGPOP
Westfield Group, the world’s second-largest shopping mall owner, is close to selling seven malls in the United States to Starwood Capital Group for about $1 billion, Reuters wrote, citing the Wall Street Journal. The seven malls were not identified, but five of the seven are among the 17 U.S. malls that Sydney-based Westfield put on […]
Great Hill Partners has made a $80 million commitment to Veracity Payment Solutions. Veracity’s founders, current management team and GTX Partners will retain a significant stake. Atlanta-based Veracity provides payment transaction processing services. SunTrust Robinson Humphrey provided financial advice to Veracity. PRESS RELEASE Veracity Payment Solutions, Inc., a privately-held merchant acquirer based in Atlanta, GA, […]