The Carlyle Group is planning to sell 250 million shares in China Pacific Insurance for a price tag that could reach as high as $1 billion, Reuters reported, citing the IFR. Deutsche Bank, Goldman Sachs and Morgan Stanley are the joint bookrunners, Reuters said.
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New York-based private equity firm New Mountain Capital has acquired a majority stake in SNL Financial, a Charlottesville, Va.-based provider of sector-focused information services on the banking, financial services, insurance, real estate, energy, and media industries. Terms of the deal were not released.
Sun Hung Kai & Co., which is backed by CVC Capital Partners, is mulling a sale of its SHK Financial unit, a brokerage and wealth management business, Reuters reported. No details were released, though Reuters reported that the company had held “informal discussions” with potential buyers. CVC agreed last year to buy up to 19% of Sun Hung Kai, paying about $275 million.
Intelligence, a Japanese staffing company owned by Kohlberg Kravis Roberts & Co., has acquired Hong Kong-based Staff Management Consultancy Ltd., Reuters reported. KKR acquired Intelligence in 2010. Terms were not released.
Apax Partners has acquired the buffet-style Golden Jaguar restaurant chain, based in Shanghai, China. Located in eight cities across China, the restaurants are giant – roughly the size of a football field – and are often the anchor store for large shopping malls. Terms of the deal were not released. Credit Suisse advised Apax on the transaction.
Why doesn’t Bojangles have a New York location? Known for its fried chicken, dirty rice and homemade biscuits, Bojangles at one time did have a Manhattan store, says Marc Oken, cofounder of Falfurrias Capital Partners. In September 2007, Falfurrias led an investor group to buy Bojangles in a deal valued at more than $200 million. […]
Innovalight has been acquired by DuPont’s electronics and communications unit, according to a statement announced by the companies. Innovalight builds low-cost solar modules. Its backers include ARCH Venture Partners, Apax Partners, Sevin Rosen, Silicon Valley Bank and Convexa Capital Ventures.
Bigshoebazaar, the South Asian wholesaler of retail goods, received a Rs 40 crore investment from Catamaran Ventures and Nexus Venture Partners in its second round of funding. Specifics of the transaction were not publicized.
UBS has named Barclays veteran Michael Konigsberg its head of leveraged finance. Konigsberg also spend 23 years at Lehman Bros. He will report to Brendan Connolly, global leveraged finance head with UBS.