MOSCOW (Reuters) – The European Bank for Reconstruction and Development (EBRD) said on Thursday it would invest $50 million in a private equity fund-of-funds which will focus on investing in Russia, other ex-Soviet states and Turkey.The EBRD said the new fund Alpha Russia & CIS Secondary L.P., aims to raise up to $300 million. The […]
SEOUL (Reuters) – A consortium by Korea Investment Corp (KIC) and China Investment Corp (CIC) is considering buying stakes in Chesapeake Energy Co (CHK.N), local media said on Thursday. While Chesapeake is set to issue $900 million worth of convertible preferred stock, KIC and CIC are in talks to acquire $300 million each, with Singapore […]
NEW YORK (Reuters) – As many as 20 bidders are interested in buying U.S. software company Novell Inc (NOVL.O), which has put itself up for sale and is this week accepting bids, the Wall Street Journal reported on Wednesday.Most or all of the companies expected to make serious bids are private equity firms, the Journal […]
LONDON (Reuters) – Private equity groups Doughty Hanson and Charterhouse are eyeing Unilever’s (ULVR.L) Italian frozen food unit, the Financial Times reported on Thursday. Sources close to the situation told Reuters Permira, which owns Birds Eye Iglo, and Lion Capital which runs Findus Group are expected to lead the bidding, while BC Partners and […]
MELBOURNE (Reuters) – Private equity groups TPG and Carlyle have raised their bid for Australian hospital operator Healthscope (HSP.AX) slightly to A$1.8 billion ($1.5 billion) trying to woo the board. The bidders do not plan to split the group’s hospitals and pathology arms, an industry source said, deflecting speculation among analysts that the group could […]
NEW YORK (Reuters) – Barcalounger Corp, which began making reclining chairs in World War II, has filed for bankruptcy protection and agreed to sell its assets, citing a sales downturn that left it unable to survive. In a filing in the Wilmington, Delaware, bankruptcy court, Chief Restructuring Officer John Chapman said Barcalounger cannot generate enough […]
maxIT Healthcare LLC, a Westfield, Ind.-based portfolio company of Riordan, Lewis & Haden Equity Partners, has merged with Parker, Colo.-based Ingenuity Solutions Group Inc. No finacial terms were disclosed. The combined company will provide healthcare ERP system solutions to the healthcare IT professional services market.
Kohlberg & Co. has sold U.S. Infrastructure Corp., a provider of outsourced sub-surface utility locating services in the U.S., to OMERS Private Equity. No financial terms were disclosed for the deal, which was managed by Harris Williams & Co.
LONDON (LONDN) – Private equity firm Cinven’s [CINV.UL] purchase of French medical diagnostics business Sebia is being financed with a 340 million euro loan provided by BNP Paribas, Citigroup and Commerzbank, the banks said on Wednesday.Cinven bought the business for around 800 million euros in mid-March from Montagu Private Equity using equity to finance the […]
CALGARY, Alberta (Reuters) – Marathon Oil Corp (MRO.N) said on Wednesday it will sell most of its refining and marketing assets in Minnesota to three private equity firms for more than $800 million as it streamlines operations during a period of weak profit margins at refineries. The integrated oil company has signed a nonbinding letter […]