(Reuters) – Playboy spent 56 years making sure that the world would know it by the sign of its bunny ears. Now that the company is up for sale, Playboy’s iconic logo, not the magazine, might be what saves it. Playboy Enterprises Inc (PLA.N) is in talks with at least one possible bidder for the […]
(Reuters) – Carlyle, CVC and funds linked to Morgan Stanley and Macquarie are readying binding bids for Gas Natural’s Madrid gas-distribution assets ahead of a Nov. 30 deadline, people familiar with the matter said on Friday. The deal, valued by sources at more than 500 million euros ($743 million), is part of a string of […]
Advent International has completed its acquisition of a 79% stake in Bulgarian bottled water provider Devin AD, for approximately €31.6 million. PRESS RELEASE Advent International, the global private equity firm, today announced that it has acquired from the Soravia Group of Austria and certain individual shareholders approximately 79% of the shares of Devin AD (“Devin”), […]
Goldner Hawn Private Equity has agreed to sell Vitality Foodservice Inc., a Tampa, Fla.-based dispensed beverage business, to Nestle Professional. No financial terms were disclosed.
(Reuters) – Taylor-Wharton International LLC said it had reached an agreement in principle with lenders to restructure its debt and had filed for a pre-arranged voluntary Chapter 11 bankruptcy to implement the restructuring. The company listed assets in the range of $10 million to $50 million and liabilities of between $100 million to $500 million. […]
Steven Demetriou, chairman and CEO of Aleris International, has joined the executive committee and advisory board of Resilience Capital Partners.
The European Investment Fund has agreed to invest €26.7 million in a co-investment fund with Karolinska Development AB, a Stockholm-based early-stage investor in the pharmaceutical and medical device markets.
Smedvig Capital has sold Protego Real Estate Investors, a commercial real estate fund management company formed in 2004, to Cornerstone Real Estate Advisers LLC. No financial terms were disclosed, although Smedvig said the sale produced a 6.2x return with a 58% IRR.
SS&C Technologies Inc., a Windsor, Conn.-based financial management software company owned by The Carlyle Group, has acquired TheNextRound Inc., a provider of software for the private equity and alternative investment markets. No financial terms were disclosed.
LONDON (Reuters) – Hedge fund investors stuck in products with illiquid assets are increasingly seeing interest in their stakes from specialist private equity or other buyers as markets recover, according to broker Tullett Prebon. Head of alternative investments at the British firm, Neil Campbell, said the global market for hedge fund secondaries has grown to […]