NEW YORK (Reuters) – Fidelity National Information Services (FIS.N) said its board approved a plan for the payment processing company to borrow more and use the funds to buy back as much as $2.5 billion of its shares. The move follows failed talks between Fidelity National and a consortium of private equity firms last week […]
BRUSSELS (Reuters) – Belgian financial group KBC (KBC.BR) has ended talks to sell its private equity unit to AXA Private Equity AXAF.BR and Belgian investment group Sofina (SOF.BR) without success, Belgian business daily De Tijd said on Wednesday. KBC had been holding exclusive discussions with the would-be buyers for some time. It was unclear whether […]
RoundTable Healthcare Partners has formed Renaissance Pharma Inc., a Montreal-based pharmaceutical platform company. No financial terms were disclosed. Renaissance Pharma will be led by Pierre Frechette, former president and CEO of Sandoz Canada Inc.
Fred Terrell has rejoined Credit Suisse as vice chairman of investment banking, effective next week. He has spent the past 12 years as co-founder, managing partner and CEO of Provender Capital Group.
Thoma Bravo has completed its take-private acquisition of PLATO Learning Inc. (Nasdaq: TUTR), a provider of online learning solutions for K through adult. The deal was valued at approximately $143 million, or $5.60 per share.
(Reuters) – French utility EDF (EDF.PA) has set June 21 as the deadline for financed offers in the sale of its British power grids, two people familiar with the matter said on Tuesday. The world’s largest utility by market value said earlier this month it would proceed with the sale, in which analysts say it […]
NEW YORK (Reuters) – First Data Corp said on Tuesday it has promoted Ray Winborne to acting chief financial officer due to three senior departures, sparking broad weakness in the company’s bonds. Winborne is being promoted from controller, succeeding Pat Shannon who is leaving the firm. The credit card and payment processor also promoted Kevin […]
(Reuters) – As private equity firms continue their hunt for potential targets across the mid-tier restaurant landscape, rumors on who’s next to be taken private tend to swirl around fast food chain operator Jack in the Box (JACK.O). The stock exhibits some of the same features — cheap valuation and a low debt load — […]
Mistral Equity Partners has acquired a majority interest in LoveSac, a multi-channel retailer of bean-bag chairs and other furniture products. No financial terms were disclosed.
SunEdison, the solar energy unit of MEMC Electronic Materials Inc. (NYSE: WFR), has agreed to a joint venture with energy-focused private equity firm First Reserve Corp. The deal could result in First Reserve acquiring up to $1.5 billion in current and future SunEdison solar photovoltaic energy projects.