Apax Partners has sold its 71% stake in UK-based publishing services company Stationary Office to German postal services and logistics company Deutsche Post AG (via subsidiary Williams Lea Group). No financial terms were disclosed. www.apax.com www.tso.co.uk
During the White House Correspondents Dinner earlier this year, emcee Steven Colbert said of President Bush: “He believes on Wednesday exactly what he believed on Monday, regardless of what happened on Tuesday.” Kind of reminds me of what I keep seeing on the private equity beat. The first example came last month, when Sevin Rosen […]
While the Department of Justice continues its primer course on private equity, some individual shareholders are taking action against perceived abuses. Three people have filed what they hope to be a class-action lawsuit against 13 private equity firms, for allegedly violating federal antitrust laws. The plaintiffs are/were shareholders in such companies as HCA, Harrah’s and […]
Cisco Systems (Nasdaq: CSCO) has agreed to acquire Greenfield Networks Inc., a Sunnyvale, Calif.-based provider of Ethernet silicon technology solutions for enterprise and metro markets. No financial terms were disclosed. Greenfield has raised around $46.6 million over three rounds of VC funding, including a $13.1 million Series B deal in 2003 at a $33.3 million […]
KPS Special Situations Funds has agreed to sell Ebro Electronics GmbH & Co. KG to Nova Analytics Corp. for an undisclosed amount. Ebro is a German producer of instruments that measure temperature, pressure, humidity and pH. www.novaanalytic.com www.ebro.de
I am very interested in knowing your opinion on clothing store LBOs, like the Eddie Bauer one announced yesterday or the Burlington Coat deal by Bain. What is the extraordinary value to be extracted out of these companies which are no clear leader of their segments and concepts. Is it purely a financial play? Or competition for […]
I’m tentatively scheduled to be on CNBC’s Closing Bell at 3:30 this afternoon, to discuss a variety of possible public-to-private buyouts. Expect discussion of such companies as Clear Channel, Tribune and (it’s back) Ford Motor Co. Expect me to say yes, why and no. 4:10pm Update: Ummm…. Not quite the topics you were expecting? Me […]
Motorola Inc. (NYSE: MOT) has agreed to acquire Good Technology Inc., a Santa Clara, Calif.
Permira plans to sell its remaining 6.92 million shares in German pay-TV broadcaster Premiere, via a secondary placement managed by UBS. www.premiere.de
Nordic Capital has agreed to sell Sweden-based fitness club chain SATS to Tryg I Danmark Smba for an undisclosed AMOUNT. Nordic Capital originally acquired the company in 2002, with 2005 revenue coming in at around Euro 120 million. www.nordiccapital.com