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HONG KONG (Reuters) – The private equity owner of Goodbaby Group has called off the sale of China’s largest baby stroller maker after prices came in too low, forcing the company to seek new loans to refinance its debt, sources said. The planned sale of Pacific Alliance Group’s (PAG) 67 percent stake in Goodbaby, which […]
BRUSSELS (Reuters) – Anheuser-Busch InBev (ABI.BR), agreed to sell breweries in nine eastern European countries to CVC Capital Partners on Thursday for an initial $2.23 billion, passing its target for divestments since its merger a year ago. The sale is the third by the world’s largest brewer to a private equity company, after KKR’s purchase […]
FRANKFURT, Oct 15 (Reuters) – German industrial conglomerate Siemens (SIEGn.DE) agreed to buy Israel’s Solel Solar Systems Ltd for about $418 million to expand its business with solar thermal power plants. “In the future, we’ll be able to offer the key components for the construction of parabolic trough power plants from a single source and […]
NEW YORK (Reuters) – Lazard Ltd Chief Executive Bruce Wasserstein has died, a Lazard spokeswoman said on Wednesday. The company announced on Sunday that Wasserstein, 61, had been hospitalized for an irregular heartbeat. It called his condition “serious,” but added that he was “stable and recovering.” Lazard shares were halted before the close pending an […]
(Reuters) – Private equity firms Sun Capital Partners Inc and Catterton Partners Inc said on Wednesday they bought all the assets of bankrupt calendar and stationery products supplier Lang Holdings Inc through an affiliate for about $25 million. Sun Capital said in a statement that it now owns 60 percent of Lang Holdings while the […]
LONDON (Reuters) – Private equity firms have missed the boat on some good deals over the last year, the Wellcome trust charity said on Wednesday, threatening to fill the deal-making void itself. “At the end of ’08 and beginning of ’09 there were some fantastic opportunities and let’s be honest the private equity industry largely […]
LONDON/MADRID (Reuters) – Travel reservations giant Amadeus has hired a trio of banks as global bookrunners for a planned initial public offering (IPO) next year, people familiar with the matter said on Wednesday. The progress towards a stock-market listing — which would be one of Spain’s largest ever — comes as rival Travelport also looks […]
DUBAI (Reuters) – Private equity firm Blackstone Group’s (BX.N) chief executive said the worst of the industry’s problems were behind it, and dealflow and IPO opportunities were opening up again. Stephen Schwarzman also said on Wednesday he was seeing “more than green shoots” of economic recovery, though the scale of growth through next year was […]
FRANKFURT/LONDON (Reuters) – The private equity firms Candover (CDI.L) and Cinven [CINV.UL], the owners of German academic publisher Springer Science and Business Media, are considering a full sale of the company, Chief Executive Derk Hannk said on Wednesday. “For a while we were considered underleveraged, now we are considered overleveraged … a straight sale is […]
VS Holdings Inc., the North Bergen, N.J.-based parent company of retailer The Vitamin Shoppe, has set its IPO terms to around 9.1 million shares being offered at between $14 and $16 per share. It would have an initial market cap of approximately $443 million, were it to price at the high end of its range. […]
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