SeaCube Container Leasing Co., a Park Ridge, N.J.-based container leasing company, has filed for a $165 million IPO. It plans to trade on the NYSE under ticker symbol SC, with Citi, J.P. Morgan, Deutsche Bank and Wells Fargo serving as co-lead underwriters. The company reports $142 million in 2009 revenue, compared to $239 million in […]
NEW YORK (Reuters) – Citigroup Inc (C.N) is set to sell off a stake worth about $234 million in Primerica Inc, which sells life insurance and financial advice, and while the deal is far from perfect, some analysts think the offering could sell well. Few other financial services companies cater to Primerica’s niche– lower-middle-class and […]
DUBAI (Reuters) – Private equity firm The Carlyle Group on Monday said it had acquired a 30 percent stake in Saudi Arabia’s General Lighting Company, the kingdom’s largest lighting fixture manufacturer. Carlyle did not provide financial details for the transaction, which closed on Monday and marks the fund’s first investment in Saudi Arabia, the largest […]
SINGAPORE (Reuters) – A private equity fund managed by Templeton Asset Management has bought a 5.3 percent stake in India’s Shiv-Vani Oil & Gas Exploration Services to help the latter expand globally, Templeton said on Monday. The Templeton Strategic Emerging Markets Fund III invested $20.6 million in Shiv-Vani in exchange for the stake, the fund […]
LONDON (Reuters) – Lord Kirkham has said DFS, the British sofa chain he founded in 1969, is not for sale, despite reports that three private equity groups submitted bids or reaffirmed interest in the chain last week. “I am categorically not interested in selling the business,” Kirkham told The Sunday Times. “I don’t need the […]
NEW YORK/AMSTERDAM (Reuters) – Dutch semiconductor company NXP [NXP.UL], owned by private equity firms, including KKR and Silver Lake, is planning an initial public offering (IPO), a source familiar with the matter said. A potential IPO, earlier reported by Bloomberg, could raise about $1 billion, the source said. A number of banks would handle the […]
ABU DHABI (Reuters) – The managing director of Abu Dhabi Investment Authority (ADIA), considered the world’s biggest sovereign wealth fund, is missing after a glider plane crash in Morocco, the state news agency WAM said on Friday Sheikh Ahmed bin Zayed al-Nahayan is also a member of the Abu Dhabi royal family. “Sheikh Ahmed bin […]
JAKARTA (Reuters) – Two units of Indonesia’s Lippo Group won minority shareholder approval for a $790 million deal in which private equity firm CVC Partners will take a controlling stake in Lippo’s department store chain. The deal, announced in January and one of the biggest foreign investments in the country’s retail sector, had been criticised […]
Thoma Bravo has agreed to acquire PLATO Learning Inc. (Nasdaq: TUTR), a provider of online learning solutions for K through adult. The deal is valued at approximately $143 million, or $5.60 per share (closed yesterday at $4.91 per share).
Derek Lemke-von Ammon has left Bessemer Trust, which he joined last November as a managing director. According to his LinkedIn profile (which reflects the departure), Lemke had been in charge of “overseeing the firm’s client relationships and business development efforts in Northern California, Oregon and Washington.” Lemke-von Ammon previously had spent five years as a […]