New Markets Venture Partners and Slate Capital Group have acquired Ecoast Sales Solutions Ltd., a Rochester, N.H.-based provider of outsourced sales and channel solutions for technology companies. No financial terms were disclosed.
Clayton Dubilier & Rice has completed its recapitalization of JohnsonDiversey, a Racine, Wis.-based commercial cleaning company. CD&R invested $477 million for a 46% stake. Unilever, which bought a 33% stake in JohnsonDiversey seven years ago, retained a 4% interest.
Greenko PLC, an Indian renewable energy producer, has raised $46.3 million from the Global Environment Fund. Greenko develops, acquirers, builds and operates run-of-river hydro and biomass-fired plants.
MELBOURNE (Reuters) – Australia’s tax office has hit U.S. private equity group TPG Capital with a $628 million bill for tax and penalties, in a dispute that threatens to deter further foreign investment in the country. TPG last month sold its stake in top Australian department store chain Myer (MYR.AX) in an initial public offering, […]
(Reuters) – British renewable-energy company Novera Energy (NOEN.L) said it was considering a sweetened bid by Terra Firma-backed Infinis Energy, valuing the company at 108.6 million pounds ($181.2 million). Novera said the new 75-pence-a-share offer by Infinis is substantially higher than the original offer of 62.5 pence a share. The revised offer is at a […]
NEW YORK (Reuters) – Metro-Goldwyn-Mayer, the famed film studio that is exploring a potential sale of itself, has sent out nondisclosure agreements to about 20 interested parties including Time Warner Inc (TWX.N) and News Corp (NWSA.O), sources familiar with the matter said on Tuesday. The studio, struggling with nearly $4 billion in debt, has also […]
LONDON (Reuters) – British media group Informa’s (INF.L) move to buy Springer Science and Business Media could face private equity competition as sources said EQT was lining up a loan of more than a billon pounds to help fund a rival bid. Debt-laden Springer Science and Business Media, valued at around 2.6 billion euros ($3.9 […]
HONG KONG (Reuters) – Asia-focused private equity firm Unitas Capital received nine bids for South Korean retailer Buy The Way, most in excess of $260 million, a source familiar with the situation said on Tuesday. Unitas, formerly known as CCMP Capital Asia, acquired South Korea’s fourth-largest convenience store chain in July 2006 in a leveraged […]
Rajiv Dutta has joined Elevation Partners as a managing director. He previously was executive vice president of eBay and president of eBay Marketplaces. Elevation Partners recently made a bid to carve Skype out of eBay, but lost to a group led by Silver Lake Partners.
MUMBAI (Reuters) – Tata Motors (TAMO.BO), India’s largest commercial vehicles maker, is looking at buying private equity firm Actis’ stake in truck and bus maker Swaraj Mazda (SWRJ.BO), the Economic Times reported on Tuesday. UK-based Actis, which owns 7.74 percent in Swaraj and another 9.28 percent through its unit CDC, is considering exit options, the […]