Ares Capital has offered $1.55 billion for 99 Cents Only Stores, topping a $1.41 billion offer reportedly made by Leonard Green & Partners, Reuters reported, citing the New York Post. Ares reportedly offered $22 a share for the company. Shares of 99 Cents closed at $20.05 Thursday.
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Alliance Warburg Capital Management and James Caparro—an ex-Universal Music executive and now chief executive of Yamani Global Equities—have made an offer to buy EMI Group’s music and publishing units. The news came via a press release Thursday, though specific details were not disclosed. Yamani Global Equities is a private equity firm focused on sports and entertainment.
Buyout shops Kohlberg Kravis Roberts & Co., Olympus Capital and Advantage Partners are among those preparing bids for Japanese software developer Yayoi, Reuters reported. MBK Partners is the seller, and is looking to raise roughly 75 billion yen ($977 million) through the sale.
H.I.G. Capital has acquired certain assets of Dallas-based CLO manager WhiteHorse Capital. Terms of the deal were not released. The new company, H.I.G. WhiteHorse, will provide senior, second lien, uni-tranche, mezzanine and subordinated debt for refinancings, growth capital, acquisitions and balance sheet recaps.
GenNx360 Capital Partners has sold SiVance LLC to Milliken & Co. Terms of the sale were not released. SiVance is focused on specialty silicone technologies and intermediates required to modify basic silicone polymers. GenNx360 Capital acquired SiVance in August 2009.
U.K.-based buyout shop BC Partners is planning to sell the Australian and Asian operations of its Fitness First gym chain, Reuters reported Friday. A deal for the chain could fetch as much as $972 million, Reuters said, citing the Australian Financial Review. According to previous reports, private equity firm BC Partners paid 835 million pounds ($1.3 billion) to take control of Fitness First in 2005.
Del Monte Corp. and Barclays Capital have agreed to pay $89.4 million to shareholders to settle a lawsuit stemming from the company’s $4 billion takeover. Investors claimed that Barclays, in advising Del Monte on the sale, had a conflict of interest because it was also arranging financing for the private equity buyers in the deal. KKR led the consortium of investors who bought the company earlier this year.
According to a new study by the research firm Venture Intelligence, private equity firms invested roughly $2.25 billion across 98 deals in India in the third quarter, ended September 30. For the first nine months of the year, PE investments totaled roughly $8.5 billion, topping the $6.4 billion invested in India in all of 2010, […]
Immucor, the blood transfusion product supplier owned by TPG Capital, has tapped William A. Hawkins as its next CEO, according to its board of directors. Prior to joining Immucor, Mr. Hawkins served as Chairman and CEO of Medtronic. Before joining Medtronic, Mr. Hawkins was the CEO of Novoste, another Atlanta-based medical technology company.