(Reuters) – U.S. private-equity fund Kohlberg Kravis Roberts & Co is in final talks to buy media content provider Usen Corp’s (4842.OJ) recruitment services unit Intelligence Ltd, the Nikkei business daily reported. The unit is priced about 32 billion yen ($350.1 million), the paper said without citing a source. Intelligence Ltd, which became a wholly […]
(Reuters) - After months of speculation, Kohlberg Kravis Roberts & Co has mandated Korea Development Bank to refinance the deal that backed its $1.8 billion leveraged buyout of Oriental Brewery Co Ltd (OB) in 2009. KKR would halve its borrowing costs through the planned refinancing deal, according to sources familiar with the matter. The blue-chip sponsor was forced to pay a top-level all-in of 660 basis points (bps) for a five-year, $915 million-equivalent loan when it bought the Korean brewer from Anheuser-Busch InBev NV INTB.BR during a period of tight liquidity in 2009.
HONG KONG (Reuters) – Nomura Holdings (8604.T) is in talks to join private equity firm MBK Partners in its pursuit of the $3.5 billion Korea Exchange Bank (004940.KS) stake up for sale, sources with direct knowledge of the matter told Reuters on Monday. Sources said the discussions were in their early stages and no decision […]
Intrepid Investment Bankers LLC has launched as a Los Angeles-based, mid-market M&A advisory. Its principals previously were with Barrington Associates, which was acquired by Wells Fargo in 2006.
Kaffee Partner, a distributor of coffee and water dispensers in the German SME market, has raised an undisclosed amount of private equity funding from Partners Group and Capvis Equity Partners.
LONDON (Reuters) – Private equity investors are planning to commit more to the asset class over the next 18 months despite most having seen weak returns from their investments, according to a new study. Nearly two-thirds of investors plan to accelerate new commitments to private equity funds over the remainder of 2010 and 2011, private […]
(Reuters) – Private equity firm TPG Capital had billions of dollars in paper losses on some of its biggest investments during the leveraged buyout boom, the Financial Times reported on its website. The firm’s paper losses on four buy-outs amount to nearly $2.9 billion, the newspaper said in its electronic edition. TPG invested $4.7 billion […]
(Reuters) – Private equity firm Kohlberg Kravis Roberts & Co is investing $400 million in a joint venture with Hilcorp Energy Co to develop the Eagle Ford Shale in South Texas, The Wall Street Journal reported on Sunday. KKR and Hilcorp could not be immediately reached for comment. Hilcorp will control 60 percent of the […]
UPDATE: The deal is now official (Reuters) – Cablevision Systems Corp (CVC.N) plans to buy Bresnan Communications, majority-owned by private equity firm Providence Equity Partners, for about $1.3 billion, a source familiar with the situation said on Sunday. The deal is expected to announced on Monday, said the source, who declined to be identified because […]
Metropark USA Inc., a City of Industry-based specialty retailer whose mall-based stores are focused on fashion-oriented 20-30 year-olds, has withdrawn registration for a $100 million IPO. The company cited “changed circumstances regarding the securities market.” Metropark originally filed for the IPO in June 2008, with Goldman Sachs serving as lead underwriter. It raised a small […]