NEW YORK (Reuters) – Vitamin Shoppe’s parent company has filed to raise as much as $143.8 million in an initial public offering. VS Holdings Inc said it planned to rename itself Vitamin Shoppe Inc in a prospectus filed on Thursday with the U.S. Securities and Exchange Commission, but did not specify an expected timing for […]
LONDON (Reuters) – Britain’s National Express (NEX.L) has received an all-cash takeover proposal from Spanish major shareholder the Cosmen family and private equity firm CVC Capital Partners, sending its shares up 9 percent. CVC said in a Friday statement it had made the indicative approach, which follows a rejected offer for the bus and train […]
HONG KONG (Reuters) – Three private equity firms have agreed to buy a combined about 10 percent stake of a flagship unit of China UnionPay, as the country’s monopoly card payments service provider aims to go public next year, sources with direct knowledge of the deal said on Friday. CITIC Private Equity, an investment arm […]
NEW YORK (Reuters) – BMG Rights Management, the music venture owned by Bertelsmann and KKR, said on Thursday it has agreed to its first acquisition by buying a catalog of songs including “Who Let the Dogs Out” and “Livin La Vida Loca.” Financial terms of the deal to buy the Crosstown Songs America catalog were […]
TORONTO (Reuters) – Caisse de Depot et Placement du Quebec, one of Canada’s biggest pension fund managers, said on Thursday it had hired a new chief investment officer, in its latest management move since it announced multibillion-dollar losses earlier this year. The Caisse, which managed C$120.1 billion ($111 billion) in assets at the end of […]
Roger Tauchman has joined financial consultancy Lake Pointe Partners as a director. He previously was a senior vice president with GE Capital.
The Great Atlantic & Pacific Tea Company (NYSE: GAP) has raised $175 million in PIPE funding from existing shareholders The Yucaipa Cos. ($115m) and Tengelmann Warenhandelsgesellschaft KG ($60m). Tengelmann now holds a 38.6% stake, while Yucaipa holds 27.6 percent.
MUMBAI (Reuters) – India’s UTI Asset Management Company has set up a private equity fund worth $500 million in partnership with Germany’s HSH Nordbank [HSH.UL] and Kuwait’s Noor Financial Investment Company, the firm said on Thursday. The fund will mainly tap offshore clients and invest in unlisted infrastructure firms engaged in sectors such as roads, […]
Integra Telecom Inc., a Portland, Ore.-based CLEC, has agreed to a debt restructuring that would give its lenders an undisclosed equity stake. This would mean dilution for existing shareholders Warburg Pincus, Nautic Partners, BA Capital Investors, Boston Ventures and GE Equity.
Ladder Capital Finance, a New York-based specialty finance company focused on the commercial real estate industry, agreed to acquire Florida community bank FirstCity Bank of Commerce. The purchase price is $8.15 per share, although the total is unknown because FirstCity is private. Ladder Capital was formed last last year with approximately $1 billion in equity and debt capital, co-led by GI Partners and Towerbrook Capital Partners. It recently filed for a $400 million IPO.