BUDAPEST (Reuters) – Hungarian state-owned development bank MFB will provide a 100 million-euro loan to the chemicals firm BorsodChem which was acquired by British private equity fund Permira in 2006, the Financial Times said on Monday. MFB did not respond to written questions and BorsodChem could not be reached for comment. The loan will be […]
MILAN (Reuters) – Debt-laden Italian eyewear maker Safilo (SFLG.MI), which has been seeking to strengthen its balance sheet, postponed release of its first-half results on Monday after talks with private equity groups fell through. The maker of Gucci and Dior eyewear, which has net debt of more than 600 million euros ($856 million) and has […]
Applus, a Barcelona-based provider of inspection, certification, testing and technology services, has acquired Technico, a Canadian provider of non-destructive testing and inspections on the Canadian Atlantic seaboard. No financial terms were disclosed. The Carlyle Group and Caixa Catalunya acquired Applus in 2007 for €1.48 billion.
Rowmark LLC, a portfolio company of Clearview Capital, has acquired the engravable products division of Delmar Products Inc. No financial terms were disclosed.
KKR has completed its $1.8 billion acquisition of South Korea's Oriental Brewery Co. from Anheuser-Busch InBev NV. The deal includes $800 million in equity, of which half will be purchased from KKR by Affinity Equity Partners. www.kkr.com
Hephaestus Holdings Inc., an auto parts maker backed by KPS Capital Partners, has offered to buy bankrupt Metaldyne Corp.‘s powertrain unit for $78 million in cash. RHJ International, an affiliate of Ripplewood Holdings, had previously offered $75 million, which included a $50 million note.
Mark Burton has agreed to join Evercore Partners as a senior managing director in the firm's advisory unit. He previously was a vice chairman of Barclays Capital.
Global Infrastructure Partners is partnering with El Paso Corp. to build and operate a 675-mile natural gas pipeline 675-mile natural gas pipeline that will run from the Rocky Mountain region to West Coast. GIP has committed $700 million to the project.
Webster Financial Corp. (NYSE: WBS) has agreed to sell $115 million worth of newly-issued common stock to Warburg Pincus. The deal will give Warburg a 5.9% pro forma ownership stake, which would rise to 15.2% once certain shareholder approvals are obtained. Warburg Pincus managing director David Coulter will join the Webster Financial board of directors.
Daniel Williams has joined PricewaterhouseCoopers as a partner in the firm's U.S. restructuring and recovery services practice. He is the former managing partner of Deloitte & Touche’s restructuring services group in New York.