Presidio Investors has acquired a minority stake in The Interface Financial Group, a Potomac, Md.-based franchisor of professional bookkeeping and invoice discounting services. No financial terms were disclosed. www.interfacefinancial.com
Longroad Asset Management has agreed to acquire Medford, Wis.-based Hurd Windows & Doors Inc. out of bankruptcy, according to LBO Wire. Longroad will pay $11.25 million and buy up around $14 million in bank debt held by the residential window and door maker. www.hurd.com
Standard Bank, the South African bank, will seek to raise third party money in the next two-to-three years to invest in private equity. The bank, the biggest lender in the African continent, will focus on completing around 20 deals from its balance sheet before looking to institutional investors to raise a third party fund, reports […]
MUMBAI (Reuters) – Private equity executives and investment bankers believe India must change some foreign investment rules if the buyout industry is to play a bigger role in helping to fund companies and infrastructure projects. Speakers at a Reuters India Investment Summit last week said that while India may be rich with opportunities, the government […]
BEIJING, Dec 1 (Reuters) – Private equity investor Actis has closed a new $2.9 billion global emerging markets fund, exceeding its initial target of $2.5 billion, the firm said on Monday. It said the fund, Actis Emerging Markets 3 (AEM3), had won commitments from a diversified group of 100 investors from across the globe, including […]
NEW YORK (Reuters) – Investors are showing scant appetite for follow-on share offerings by new public companies, signaling that even those that have pulled off an IPO in the current climate will find it hard to come back for seconds. The market for IPOs in the United States has largely seized up since August, with […]
TORONTO (Reuters) – BCE Inc. (BCE.TO: Quote, Profile, Research, Stock Buzz) is demanding that the Ontario Teachers’ Pension Fund pay a C$1.2 billion termination fee if the leveraged buyout of the company fails to go through, as expected, a newspaper reported on Saturday. Citing people familiar with the situation, the Globe and Mail said BCE […]
TOKYO (Reuters) – Struggling Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) plans to sell NikkoCiti Trust and Banking Corp, its trust bank unit in Japan, as part of its global restructuring efforts in a deal that could raise up to 40 billion yen ($420 million), Japanese media reported on Sunday. An auction could be […]
LONDON (Reuters) – Deloitte LLP, the administrator of the retail and distribution businesses of British retailer Woolworths Group Plc (WLW.L: Quote, Profile, Research, Stock Buzz), has received dozens of inquiries from companies and individuals for parts of the business, according to newspaper reports on Sunday. Property magnate Ardeshir Naghshineh, who owns 10 percent of the […]
SINGAPORE (Reuters) – Singapore Food Industries (SFIL.SI: Quote, Profile, Research, Stock Buzz) said on Monday its majority shareholder, Temasek Holdings TEM.UL is in talks to sell its stake in the firm. Temasek owns 69.7 percent of the food manufacturing firm. (Reporting by Melanie Lee)