LONDON(Reuters) – U.S. buyout firm TPG and the private equity arm of Goldman Sachs (GS.N) on Thursday agreed to buy diaper-maker Ontex from rival Candover (CDI.L) in the year’s largest European buyout. The deal, which Candover said values Ontex at 1.2 billion euros ($1.53 billion) including debt, is Europe’s largest buyout this year, just […]
Maurice Gordon has joined Guardian Life Insurace Co. of America as a senior manager of private equity investments. He previously served in a similar role with The Hartford Insurance Co.
Steve Glick has stepped down as a principal with Lineage Capital, peHUB has learned. He plans to join the middle-markets group of Sankaty Advisors. www.sankaty.com
LONDON (Reuters) – Private equity firm Advent International is out of the race for Italian software firm TeamSystem, sources familiar with the situation said, leaving a narrowing field of buyout bidders facing off against trade rival Sage (SGE.L). Advent, Cinven and HG Capital had all submitted indicative bids for TeamSystem, being sold by rival buyout […]
ProSight Specialty Insurance Holdings Inc., a portfolio company of TPG Capital and GS Capital Partners, has agreed to acquire NYMagic Inc. (NYSE: NYM), a property and casualty insurance company that underwriters ocean marine, inland marine and non-marine liability insurance. The deal is valued at nearly $220 million, with NYMagic stockholders to receive $25.75 per share (23.5% premium to yesterday's closing price).
James Rothschild has joined Monument Capital Group as a vice president and partner, working out of both Washington DC and the firm's new London office. He previously was with Hargreave-Hale.
SYDNEY (Reuters) – Private equity firm Carlyle may pull out of a consortium expected to bid around $1.5 bilion for Australia’s second-largest hospital owner Healthscope (HSP.AX), two sources familiar with the deal said Thursday. Carlyle was expected to make a final decision on whether to proceed before final bids were due on Friday, they said, […]
NEW YORK (Reuters) – A private equity based music joint venture formed by Kohlberg Kravis Roberts & Co and Bertelsmann is to buy music publisher Stage Three Music, adding the rights to songs such as Aerosmith’s “Walk this Way”, the companies said on Thursday. BMG Rights Management, was formed a year ago between private equity […]
The Carlyle Group has agreed to acquire nutritional supplements maker NBTY Inc. (NTY.N) in a $3.8 billion leveraged buyout. NBTY stockholders would receive $55 per share, while debt financing has been committed by BofA Merrill Lynch, Barclays Capital and Credit Suisse.
(Reuters) – Oaktree Capital Management has won a $1.7 billion portfolio of distressed residential loans auctioned by the Federal Deposit Insurance Corp, the Financial Times reported, citing people familiar with the matter. The portfolio, from Ohio-based Am Trust, consists of about 280 loans with an average face value of about $6 million each, the paper […]