PARIS (Reuters) – AXA Private Equity (AXAF.PA) is in talks to buy tour operator Go Voyages from Groupe Arnault and Belgian businessman Albert Frere, Le Figaro newspaper reported. The online seller of holidays and flights would be worth between 300 million euros and 350 million euros ($401 million to $468 million), Le Figaro said. AXA […]
LONDON (Reuters) – Buyout firm Blackstone (BX.N) and charity the Wellcome Trust have launched a joint bid for bank branches being sold by Royal Bank of Scotland (RBS.L), a source familiar with the matter said on Friday. The bid from Blackstone and the Wellcome Trust, a British charitable foundation which manages a 13 billion pound […]
VantaCore Partners, an acquisition platform focused on core mineral assets like quarries, has raised $100 million in private equity funding from Trilantic Capital Partners. It also has secured a $15 million acquisition facility and $27 million senior secured credit facility from PNC. VantaCore previously raised funding from Kayne Anderson, Tortoise Capital Resources Corp. and Hartz Capital Investments.
Court Square Capital Partners has acquired The Harvard Drug Group from H.I.G. Capital for an undisclosed amount. Harvard Drug is a Livonia, Mich.-based distributor of generic pharmaceuticals, with nearly $500 million in annual sales.
Summit Partners has invested $30 million into Indian seed company Krishidhan Seeds Ltd., in exchange for a minority ownership stake.
LOS ANGELES (Reuters) – Billionaire investor Ron Burkle’s Yucaipa Cos, in a partnership with movie producers Bob and Harvey Weinstein, has offered to pay $600 million for Walt Disney Co’s (DIS.N) Miramax, a source with knowledge of the situation said on Thursday, joining a small pool of bidders for the art-house studio. Yucaipa could use […]
Studio Moderna Holdings, an electronics and consumer products retailer in Central and Eastern Europe, has raised an undisclosed amount of minority funding co-led by Insight Venture Partners and Templeton Strategic Emerging Markets. JH Partners also participated.
NEW YORK (Reuters) – Hospital chain HCA Inc is expected to file for an initial public offering worth between $4 billion and $4.5 billion as soon as mid-May, CNBC reported on Thursday. The company is currently talking to underwriters. The IPO pricing and debut are expected in mid-July, pending regulatory approval from the U.S. Securities […]
LONDON (Reuters) – About 10 buyout houses are preparing to make indicative bids on Monday for Inchcape Shipping Services (ISS), the $700 million-plus port and shipping agent owned by Dubai World’s investment arm Istithmar.The keen interest highlights the ongoing appeal of so-called secondary buyouts, where financial investors sell each other portfolio companies, despite concerns that […]
MUMBAI/SINGAPORE (Reuters) – Singapore state investor Temasek Holdings will invest $200 million in the power unit of Indian conglomerate GMR Infrastructure (GMRI.BO), said two sources with knowledge of the situation. Temasek will invest in GMR Energy through a structured paper that will be converted into equity, one of the sources told Reuters, adding a deal […]