More Details Emerge on Steve Jobs book Who Got Gaddafi? David Cay Johnston eyes pay data… looks like the rich get richer GE Sees 2012 Growth, hits analysts’ notes for ’11 so far
In Japan's largest buyout since the financial crisis, Bain Capital announced that it will pay $2.1 billion to buy restaurant chain Skylark from Nomura Holdings and other investors, Reuters reported. Nomura Principal, the private equity unit of Nomura, originally invested in Skylark in 2006 through a management buyout with UK private equity firm CVC Capital Partners.
(Reuters) – Groupon Inc said in a regulatory filing on Friday that it plans to raise as much as $540 million in an initial public offering, less than previously planned, as the largest daily deals company grapples with a weak equity market, executive departures and questions about its accounting and business model. Groupon plans to […]
Keystone Automotive Operations, which is backed by Platinum Equity, has acquired NTP Distribution. Financial terms weren't disclosed. Wilsonville, Ore.-based NTP distributes aftermarket products, parts and accessories in the RV industry.
Sun Capital Partners said Thursday that it has closed its buy of Alexon Group via a UK bankruptcy process. Alexon, of Luton, England, is a women's clothing retailer that focuses mainly on the mature female and lifestyle demographic.
Advent International said Thursday that it has opened an office in Bogotá, Colombia. The office will be Advent's fourth in the region and its 18th worldwide.
Foster City, Calif.-based the FRS Company, which makes the Health Performance line of products, including ready-to-drink beverages, chews, powdered drink mixes, shots and concentrates, has hired Matt Kohler as its chief marketing officer. Kohler joins from Green Dot, a financial services company where he served as vice president of marketing. Prior to Green Dot, Kohler worked […]
Blackstone Group posted a worse-than-expected quarterly loss on Thursday as market declines hit the value of the private equity firm’s investments, forcing it to book a huge accounting loss. Its net loss, which measures operating performance, was $342 million, compared with a profit of $339 million a year earlier. Adjusted ENI was a loss of 31 […]
London-based Parvus Asset Management, which owns a roughly 4% stake in the British security firm G4S Plc., is publicly opposing G4S’s $5.2 billion bid to acquire the Danish support services company ISS, saying it “does not make sense strategically, operationally or financially,” and that it will vote against it. REUTERS: Parvus Asset Management, the fifth-largest […]
(Reuters) – Large European private equity buyouts are on hold until capital markets revive, which is unlikely to happen this side of Christmas as leveraged loan and high-yield bond markets remain weak, bankers said on Thursday. Dysfunctional financing markets are threatening new buyouts such as the 1.5 billion pounds ($2.3 billion) sale of British frozen […]