CKX Inc. (Nasdaq: CKXE), owner of the "American Idol" TV show franchise, confirmed that it is "engaged in discussions regarding a possible transaction involving the sale of the company." The WSJ reported on Saturday that One Equity Partners was in late-stage negotiations to buy CKX for around $6 per share, which would value the company's equity at approximately $560 million.
Madison Dearborn Capital Partners has agreed to acquire BWAY Holding Co. (NYSE: BWY), a North American supplier of general line rigid containers. The deal is valued at $20 per share, or approximately $915 million (including assumed debt). BWAY's stock closed trading Friday at $17.35 per share. Bank of America Merrill Lynch and Deutsche Bank Securities have provided debt financing.
Hostway Corp., a Chicago-based provider of web hosting and cloud hosting services, has raised $110 million in private equity and debt funding. Veronis Suhler Stevenson led the deal, and was joined by Fortress Capital, Regiment Capital and Phoenix Life. Houlihan Lokey advised Hostway on the deal.
DUBAI (Reuters) – Private equity firm The Carlyle Group on Monday said it had acquired a 30 percent stake in Saudi Arabia’s General Lighting Company, the kingdom’s largest lighting fixture manufacturer. Carlyle did not provide financial details for the transaction, which closed on Monday and marks the fund’s first investment in Saudi Arabia, the largest […]
SINGAPORE (Reuters) – A private equity fund managed by Templeton Asset Management has bought a 5.3 percent stake in India’s Shiv-Vani Oil & Gas Exploration Services to help the latter expand globally, Templeton said on Monday. The Templeton Strategic Emerging Markets Fund III invested $20.6 million in Shiv-Vani in exchange for the stake, the fund […]
LONDON (Reuters) – Lord Kirkham has said DFS, the British sofa chain he founded in 1969, is not for sale, despite reports that three private equity groups submitted bids or reaffirmed interest in the chain last week. “I am categorically not interested in selling the business,” Kirkham told The Sunday Times. “I don’t need the […]
Catholic hospital operator Caritas Christi this week agreed to sell itself to Cerberus Capital Management, in a deal Caritas Christi CEO Ralph de la Torre called "good news." Considering Caritas Christi's new owner is named after a three-headed dog from hell, I'm sure the company's 2,000 pensioners, 13,000 employees, and countless patients are praying he's right. In an internal email obtained by peHUB, de la Torre outlined the benefits of the $830 million deal and specific favorable commitments from Cerberus. The deal is a turnaround of the hospital, which has struggled to compete with large teaching hospitals in its region.
JAKARTA (Reuters) – Two units of Indonesia’s Lippo Group won minority shareholder approval for a $790 million deal in which private equity firm CVC Partners will take a controlling stake in Lippo’s department store chain. The deal, announced in January and one of the biggest foreign investments in the country’s retail sector, had been criticised […]
Thoma Bravo has agreed to acquire PLATO Learning Inc. (Nasdaq: TUTR), a provider of online learning solutions for K through adult. The deal is valued at approximately $143 million, or $5.60 per share (closed yesterday at $4.91 per share).
NEW YORK (Reuters) – Private equity firm Cerberus Capital has agreed to buy a Boston-based hospital system called Caritas Christi Health Care in a $830 million deal, which includes funds earmarked for upgrades to CCHC’s hospitals, they said on Thursday. CCHC, a group of six hospitals, have Catholic identities that will be retained under the […]