(Reuters) Pepsi Bottling Group Inc (PBG.N) and Catterton Partners said on Tuesday that they each made an equity investment in O.N.E., a coconut water company, just weeks after Coca-Cola Co (KO.N) took a minority stake in coconut water company ZICO Beverages LLC. Pepsi Bottling will also distribute O.N.E.’s drinks in Southern California and South Florida. […]
HONG KONG (Reuters) – GOME (0493.HK) said on Wednesday that it plans to issue 2.05 billion yuan ($300.3 million) in convertible bonds, with the proceeds to be used for the redemption and repurchase of convertible bonds and general corporate purposes. The Chinese electronics retail chain operator said the 3 percent bonds due 2014, with an […]
At Work, Are You Trustworthy? A Financier Peels Back the Curtain: More from Guy Hands, on attrition in the buyout industry, the problem with EMI, and a number of other PE-related thoughts. (NY Times) Dealscape isn't as jazzed about the article as others seem to be, and I kinda agree (as, for those frequenting the conference circuit, the interview is no wild revolution in thought leadership. Not to say I don't think Guy Hands is an interesting guy.) (Dealscape) Pessimism in private equity: Almost half of private equity chiefs believe their investors will refuse to meet legally binding commitments to supply the cash for new deals at several high-profile buy-out houses, according to a survey published on Wednesday. (FT) Fooled By Fees: Is it possible that some investors are "fooled" into investing in buyout funds? (All About Alpha via Abnormal Returns)
Privately-held Cliffstar Corp. has hired Morgan Stanley to advise it on a sale of the company, four sources familiar with the situation said. The Dunkirk, N.Y.-based private label juice maker has been widely shopped to financial suitors. Books were circulated in the past month with Morgan Stanley taking first round bids within the next week […]
Tom Ford International is on the hunt for financial backers, two sources familiar with the situation told peHUB. The New York-based fashion house entered the market within the past two weeks seeking a $50 million or greater investment, the sources said. Credit Suisse is managing the process. The capital would be used to expand the company's line into women's apparel, as Tom Ford currently offers meanswear, eyewear, beauty, fragrances, and men's and women's accessories. Tom Ford is famous for implementing the turnaround of the House of Gucci, which is owned by the French luxury goods company, PPR. In 2004, he left to launch Tom Ford International. The company's products are carried at luxury retail chains worldwide, as well as in four freestanding Tom Ford stores.
Wananchi Group Holdings, a provider of pay television and broadband services in Kenya and Tanzania, has raised $25 million from Emerging Capital Partners. PRESS RELEASE Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, announced today it has committed $25 million to Wananchi Group Holdings, a leading East […]
Galen Partners has acquired and merged two providers of medical imaging equipment: Barrington Medical Imaging LLC and Echoserve Inc. The Golden, Colo.-based parent company is called Medical Imaging Holdings Inc. No financial terms were disclosed.
LONDON (Reuters) – Japanese brewer Suntory has made a binding bid for soft drinks maker Orangina Schweppes, its private equity owners said, in a sign buy-out houses may find it easier to exit investments. Suntory will pay 2.6 billion euros ($3.85 billion) for Orangina, two sources familiar with the situation said, allowing Blackstone Group (BX.N) […]
Palladium Equity Partners has acquired Capital Contractors Inc., a Melville, N.Y.-based based provider of janitorial and facilities maintenance services. No financial terms were disclosed, exept that Palladium provided both equity and debt.
NEW YORK (Reuters) – The UK’s leading maker of methadone, used to treat opiate addiction, has attracted interest from a number of private equity groups, the Financial Times reported on Sunday. Martindale Pharamceuticals was put up for sale by its parent Cardinal Health (CAH.N) in June, according to a transcript of a conference call the […]