I’ll be on CNBC tomorrow morning at 7:40am to discuss the Toys ‘R’ U buyout, one year later. Lots of debt, lots of real estate and lots of Barbie Dolls… Got any thoughts, be sure to let me know.
Gartner Inc. (NYSE: IT) has agreed to repurchase around 10.39 million shares of common stock from Silver Lake Partners for $200 million, at $19.25 per share. The deal means that Silver Lake's ownership stake will drop from 20.7% to 12.7%, with 103.8 million shares remaining.
Eurazeo says that it is in exclusive talks to sell its 55% stake in France-based truck leasing company Fraikin Groupe SA to CVC Capital, for an enterprise value of Euro 1.35 billion. Eurazeo also has canceled a planned Euro 520 million IPO for Fraikin, whose minority shareholders include Rhone Group, Pragma Capital and WestLB. The […]
With all the mega-LBO activity of late, it’s sometimes easy to forget that the most transactional action remains in the middle-markets (redefined as deals between $50 million and $1 billion). So let’s play 5 Questions with Randal Stephenson, head of middle-market M&A at CIT Group: 1. Private equity deals are making up an ever-larger piece […]
ESPN has agreed to acquire NASN, the only European cable channel dedicated to North American sports, from Setanta Sport Holdings and Benchmark Capital Europe. No financial terms were disclosed for the deal, which is expected to close early next year. ESPN is 80% owned by ABC and 20% owned by Hearst Corp. www.espn.com www.nasn.com
Kyphon Inc. (Nasdaq: KYPH) has agreed to acquire St. Francis Medical Technologies Inc., an Alameda, Calif.-based developer of motion-preserving technologies and procedures for orthopedic and neurological spine surgery. The deal includes a $525 million upfront cash payment at closing, plus the possibility of revenue-based earn-outs totaling $200 million. St. Francis had been in registration for […]
Reed Business Information, a unit of Reed Elsevier, has agreed to acquire BuyerZone.com Inc., a Watertown, Mass.
Abertis Infraestructuras SA has agreed to acquire a 32% stake in listed French satellite company Eutelsat SA for Euro 1.07 billion. The deal is being supported by Eutelsat shareholders Texas Pacific Group, Spectrum Equity Investors, GS Capital Partners and Cinven. www.eutelsat.com
Qualcomm Inc. (Nasdaq: QCOM) has agreed to acquire Airgo Networks Inc., a Palo Alto, Calif.-based WLAN technology provider. No financial terms were disclosed. Airgo had raised around $144 million in total VC funding since its 2001 inception, including a tranched-out $55 million Series E deal at a post-money valuation of around $287 million. Backers include […]
Terra Firma Capital Partners is considering a Gpb800 million IPO or sale of portfolio company Infinis, a UK-based renewable energy company, according to The Telegraph. Terra Firma has retained advisors Merrill Lynch, Climate Change Capital and Deutsche Bank. www.infinis.co.uk