(Reuters) – NBK Capital, an investment fund owned by National Bank of Kuwait (NBKK.KW), said on Tuesday it acquired a 30 percent stake in World Eye Hospital Group and may eventually hold a public offering in the Turkish company. The value of the 30 percent stake in the closely held medical company was not clear. […]
(Reuters) – Mediacom Communications Corp (MCCC.O) said Chief Executive Rocco Commisso has offered to take the cable television system operator private at $6 a share, a premium of 13 percent to the stock’s Friday closing price. Commisso intends to buy all outstanding Class A and Class B common stock of the company he founded. As […]
Oak Hill Capital Partners has completed its previously-announced acquisition of The Hillman Companies Inc. from Code Hennessy & Simmons, Ontario Teachers’ Pension Plan and certain members of company management. The deal was valued at $815 million, with Hillman’s publicly traded trust preferred securities to remain outstanding on the NYSE-AMEX. Hillman is a Cincinnati-based distributor of hardware items to retail customers. […]
Progress Rail Services, a unit of Caterpillar, has agreed to acquire Electro-Motive Diesel, a provider of locomotive products, from Berkshire Partners and Greenbriar Equity Group. The deal is valued at $820 million in cash.
Genband, a Plano, Texas-based provider of IP infrastructure solutions, has acquired most of the assets of Nortel Networks' carrier VoIP and applications solutions businesses, for approximately $282 million. Genband was being backed on the deal by existing shareholder One Equity Partners.
Evercore Partners has completed its acquisition of a 49% interest in investment advisor Atalanta Sosnoff Capital.
Covidien (NYSE: COV) has sold its U.S. radiopharmacy network to Triad Isotopes Inc., an Orlando, Fla.-based provider of radiopharmaceuticals that are used for both diagnostic imaging procedures and disease treatment. No financial terms were disclosed. Triad Isotopes is a portfolio company of Parthenon Capital.
(Reuters) – U.S. private equity firm Blackstone Group LP (BX.N) has emerged as a leading participant to buy electronics retailer RadioShack Corp (RSH.N) after an initial round of bids were completed last week, the New York Post said, citing sources familiar with the matter. On March 26, the newspaper reported that RadioShack is exploring alternatives […]
(Reuters) – Private equity firm CVC Asia-Pacific is in talks with Kohlberg Kravis Roberts & Co [KKR.UL] about joining KKR’s $1.5 billion bid for Healthscope (HSP.AX), two sources familiar with the situation said “At this stage they are not together, but it is highly likely they will be,” a source, speaking on condition of anonymity […]
HELSINKI (Reuters) – France’s TDF said it planned to sell or close its loss-making Finnish mobile broadband network, one of the first of its kind in the world. Finland in 2005 awarded Digita, local unit of TDF, a licence for the network using Flash-OFDM technology in 450 MHz radio spectrum, enabling coverage across long distances […]