NEW YORK (Reuters) – Metro-Goldwyn-Mayer, the famed film studio that is exploring a potential sale of itself, has sent out nondisclosure agreements to about 20 interested parties including Time Warner Inc (TWX.N) and News Corp (NWSA.O), sources familiar with the matter said on Tuesday. The studio, struggling with nearly $4 billion in debt, has also […]
LONDON (Reuters) – British media group Informa’s (INF.L) move to buy Springer Science and Business Media could face private equity competition as sources said EQT was lining up a loan of more than a billon pounds to help fund a rival bid. Debt-laden Springer Science and Business Media, valued at around 2.6 billion euros ($3.9 […]
HONG KONG (Reuters) – Asia-focused private equity firm Unitas Capital received nine bids for South Korean retailer Buy The Way, most in excess of $260 million, a source familiar with the situation said on Tuesday. Unitas, formerly known as CCMP Capital Asia, acquired South Korea’s fourth-largest convenience store chain in July 2006 in a leveraged […]
LONDON (Reuters) – British media company Informa (INF.L) said it was in talks to buy Springer Science and Business Media, reigniting hope among Springer’s private equity owners they can finally offload the debt-ridden business. Private equity firms Candover (CDI.L) and Cinven have been peddling the German academic publisher since early this year, initially giving it […]
A new study from GF Data Resources indicates that third quarter deal multiples for middle market M&A were at their lowest levels in six years. The study attributes this to the bifurcated market, bringing strong multiples for top-quality deals with "moderate quality" (ahem, crappy) deals have seen a steeper discounts. Get more details below:
Brynwood Partners has acquired the Balance Bar Co. from Kraft Foods, for an undisclosed amount.
COPENHAGEN (Reuters) – Danish telecom operator TDC (TDC.CO), which has been widely tipped as a candidate for a big stock offering, said on Monday its main owner had begun reviewing “strategic alternatives” for the company. Sources told Reuters earlier in November that Nordic Telephone Company (NTC), a partnership of private equity firms that holds nearly […]
HONG KONG (Reuters) – U.S. billionaire investor Wilbur Ross plans to buy shares of China Longyuan Power Group, Asia’s largest wind power generator, which aims to raise up to $2.2 billion from its Hong Kong initial public offering, according to a preliminary prospectus. Longyuan has landed four cornerstone investors for a combined $330 million worth […]
NEW YORK/HELSINKI (Reuters) – Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million, sources told Reuters, after it trumped Nokia Siemens Networks in a three-day auction. The deal will more than double Ciena’s turnover, prompting the market to focus on how the U.S. network equipment maker will […]
Intermedix Corp., provider of billing services to emergency medical service providers in Texas, has acquired the assets of Texas ER Medical Billing Inc., a provider of revenue cycle management services for hospital-based emergency physicians. No financial terms were disclosed. Intermedix is a portfolio company of Parthenon Capital.