MUMBAI (Reuters) – The value of private equity deals in India fell 28 percent in September as the size of transactions shrunk because of the global markets turmoil, an independent industry tracking firm said on Monday. Private equity firms struck 116 deals worth $3 billion in July to September, compared with 115 deals worth $4.2 […]
Huntsman Gay Global Capital has bought Turner Bros. Holdings LLC from Saw Mill Capital for an undisclosed amount. Turner is a Houston, Texas-bhased provider of lifting and transportation solutions to the U.S. industrial and energy markets. Edgeview Partners managed the sale process.
Sciens Capital Management of New York has completed its acquisition of the institutional investment management business of London-based Atlas Capital Associates Ltd. No financial terms were disclosed.
Sichuan Zhiquan Special Cement, a Chinese cement maker, has raised $40 million in convertible preferred stock financing co-led by Merrill Lynch and Lunar Capital Management. Eos Asia Investments served as placement agent, and “is preparing the company for a possible overseas IPO in 2010.”
Argos Soditic, a leading independent European private equity group, announces the arrival of Constance Jay to lead its IR team. www.argos-soditic.com
UK mid-market private equity firm Bowmark Capital has made two new hires. The expansion of its teams follows a month which has seen higher than average people movement between buyout firms in the UK. In addition to Bowmark’s new appointments, rival firms Lyceum Capital, Inflexion Private Equity and Phoenix Equity Partners have all made senior […]
HONG KONG (Reuters) – China’s Renhe Commercial Holdings Co Ltd has cut the price of its initial public offering amid turbulent global markets and will reopen the deal to investors from Tuesday through Thursday, people familiar with the matter said on Monday. At the revised IPO price of HK$1.13 per share, the developer of underground […]
HONG KONG (Reuters) – Hong Kong telecommunications company PCCW (0008.HK) said on Sunday it has ended the sale of a stake in its new HKT unit, citing the market upheaval. The auction for HKT, a business estimated to be worth more than $3 billion which had attracted several private equity bidders, is the second major […]
LONDON (Reuters) – Premier Foods (PFD.L), Britain’s biggest food manufacturer, is in talks with private equity firm CCMP Capital about a major cash injection, the Sunday Telegraph reported. Premier Foods, which saw its shares fall in August over renewed concerns about debt levels, makes Hovis bread, Mr Kipling cakes, Branston pickle and Oxo cubes. The […]
NEW YORK (Reuters) – Financing is getting pricier and more elusive for companies that file for bankruptcy. Debtor-in-possession – or DIP – financing is the fuel that keeps companies going through bankruptcy, allowing them to continue paying their suppliers and their employees as they try to become profitable again. It has been a popular and […]