John Ford has joined PR firm Walek & Associates as counsel. He previously was head of media relations and corporate communications for The Blackstone Group.
LONDON (Reuters) – The deadline for the Cosmen-led consortium to make a formal offer for National Express Plc (NEX.L) is set to be extended for a second time so due diligence can be completed, sources close to the deal said. The UK Takeover Panel had set an extended deadline of 1600 GMT on Sept. 25 […]
FRANKFURT, Germany (Reuters) – Permira has sold a large stake in Germany’s third-biggest phone group Freenet (FNTG.DE), the private equity firm said on Wednesday. It placed 19.1 million Freenet shares, or a 14.9 percent stake, at 9.25 euros each, Permira said in a statement. Permira booked 176.7 million euros ($261 million) on the sale. The […]
Cornerstone Records Management, a portfolio company of Sterling Partners, has acquired Simi Valley, Calif.-based Information Management Storage Inc. No financial terms were disclosed.
(Reuters) – What could be the busiest week for U.S. initial public offerings in nearly two years got off to a disappointing start on Tuesday when two IPOs by real estate investment trusts created to buy distressed mortgage assets delayed the pricings of their planned IPOs. Both Colony Financial Inc (CLNY.N) and Apollo Commercial Real […]
PEI Funds, a private equity secondaries fund manager based in new York, has raised $147.7 million from 60 investors toward a $250 million target for Private Equity Investment Fund V LP, according to an SEC filing. www.peifunds.com
Blackstone Group and Lion Capital will exit its investment in soft drink maker Orangina Schweppes in a $3.8 billion sale to Suntory, according to the Financial Times. The publication calculated the deal would net the firms a 30% annual return on their combined 600 million euro investment. www.oranginaschweppes.com/
Press release: Navigation Capital Partners (NCP), an Atlanta-based middle market private equity firm, has teamed with Robert Shively to target acquisition opportunities to build an industry leader in the Intelligent Infrastructure sector. NCP is seeking companies that, when combined, will enable the integration of services, software and hardware to offer a set of products that […]
MSC Software Corporation received a higher offer from third-party private equity firms to acquire all of the issued and outstanding common shares of MSC for $8.30 in cash. The bid is up from a competing bid from Symphony Technology Group’s $8.15 per share offer. MSC Software Corporation announced today that, on September 21, 2009, the […]
(Reuters) Pepsi Bottling Group Inc (PBG.N) and Catterton Partners said on Tuesday that they each made an equity investment in O.N.E., a coconut water company, just weeks after Coca-Cola Co (KO.N) took a minority stake in coconut water company ZICO Beverages LLC. Pepsi Bottling will also distribute O.N.E.’s drinks in Southern California and South Florida. […]