LONDON/FRANKFURT (Reuters) – Oaktree Capital Management is seeking to sell German flexible packaging maker Nordenia International AG for about 600 million euros ($844 million), people familiar with the matter said. Nordenia’s range of flexible packaging, technical films and other products includes packing for Tyson Foods Inc (TSN.N) meal kits and Nestle (NESN.VX) cat food, and […]
Advent International has acquired Xafinity, a UK-based pension services and employee benefits company, from Duke Street Capital. No pricing terms were disclosed for the deal, which included leveraged financing from Ares Management, Babson Capital, Bank of Ireland, Barclays, Calyon, Lloyds TSB Corporate Markets and Royal Bank of Scotland. Xafinity reported income of £136 million for the fiscal year ending March 31, 2009.
NEW YORK(Reuters) – Privately held North American Bancard Inc has hired Deutsche Bank (DBKGn.DE) to advise it on a possible sale, sources familiar with the matter said, in a sign payment processor deals are picking up after a two-year lull.Royal Bank of Scotland Group Plc’s (RBS.L) is also moving ahead on a plan to sell […]
UniTek USA LLC, a portfolio company of HM Capital Partners, has agreed to go public via a reverse merger with Berliner Communications Inc. (OTC BB: BERL), a provider of engineering, construction management and site acquisition services to the wireless industry. No financial terms were disclosed for the deal, after which HM Capital would hold around an 80% stake in the combined company.
The M&A market is tepid at best, but the auction for Papa Murphy’s International Inc., a cold pizza chain owned by Charlesbank Capital Partners, is heating up. The company hired North Point Advisors in November to shop the restaurant; first round bids are expected by month’s end. The M&A market is viewing Papa Murphy’s as […]
NEW YORK (Reuters) – Private equity firms Onex Corp (OCX.TO) and Greenbriar Equity Group have ended their bid to buy a part of American International Group’s (AIG.N) aircraft leasing unit, a person familiar with the situation said on Tuesday. The private equity group led by International Lease Finance Corp (ILFC) Chief Executive Steven Udvar-Hazy had […]
General Atlantic has acquired a minority stake in Markit Group Ltd., a London-based financial information provider. No financial terms were disclosed, but the FT puts the deal at $250 million with a valuation of just over $3 billion.
Ryerson Holding Corp., a Chicago-based metals processor, has acquired Texas Steel Processing Inc., a Houston-based steel plate fabricator, for approximately $11.4 million. Ryerson recently filed for a $350 million IPO. It was taken private by Platinum Equity in October 2007 for approximately $2 billion.
KKR has acquired an undisclosed position in the German Flavours and Ingredients business of Rudolf Wild GmbH & Co. The deal will not result in management changes, and is designed to facilitate a public listing for Rudolf Wild, an 80-year-old, family-owned business.
HDT International Holdings, a provider of mobile-military and emergency response solutions, has acquired Airborne Systems Group Ltd., a Pennsauken, N.J.-based maker of parachute systems and related products. No pricing terms were disclosed for the deal, which included leveraged financing from RBC Capital Markets, BMO Capital Markets and GE Antares Capital. HDT is majority-owned by Metalmark Capital.