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Birch Hill Equity Partners and Westerkirk Capital have completed their acquisition of Sleep Country Canada Income Fund, a publicly-traded Canadian mattress retailer. The bid is valued at C$299 million, or C$22 per share. In addition, the bidders assumed approximately C$57 million in Sleep Country debt.
Palamon Capital Partners, a pan-European mid-market private equity house, has appointed former Netscape chief financial officer Peter Currie to its board of advisers. Currie began his career at Morgan Stanley, specialising in media and communications businesses, before becoming executive vice president and chief financial officer of McCaw Cellular Communications until it was sold to AT&T. […]
European Capital has invested €30 million in Compagnie Europeenne de Prestations Logistiques, a European logistics company focused on the outsourcing of automated multi-product order preparation. The deal values at CEPL at between €550 million and €600 million.
Lineage Power Holdings Inc., a portfolio company of The Gores Group, has agreed to acquire Cherokee International (Nasdaq: CHRK), a maker of switch-mode power supplies for datacom, telecom, medical and process-control applications. The deal is valued at approximately $105 million, or $3.20 per share. PRESS RELEASE Cherokee International (NASDAQ: CHRK) announced today that it has […]
JERUSALEM (Reuters) – A group led by media mogul Haim Saban and private equity firm Apax Partners exercised its option to buy an additional 10.66 percent of Bezeq Israel Telecom (BEZQ.TA: Quote, Profile, Research, Stock Buzz) for 1.08 billion shekels ($318 million). In late 2005, Saban, Apax and businessman Mori Arkin bought a controlling 30 […]
HONG KONG (Reuters) – Quadrangle Group LLC, a private equity and investment firm specializing in the media and communications sector, said on Thursday it had opened a Hong Kong office to help it do more business in Asia. Quadrangle, which has more than $6 billion of assets under management, said the Hong Kong office will […]
By Myles Neligan LONDON (Reuters) – British private equity group 3i Group Plc (III.L: Quote, Profile, Research, Stock Buzz) reduced new investments by nearly 40 percent in the first five months of its financial year in response to tougher credit and equity market conditions. In a statement on Thursday, 3i said it invested a total […]
(Reuters) – Washington Mutual Inc (WM.N: Quote, Profile, Research, Stock Buzz), the large U.S. savings and loan company crippled by mortgage losses, has approached private equity firms about a potential takeover after listed firms showed reluctance, the Wall Street Journal. Carlyle Group CYL.UL and Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz), who would […]
NEW YORK (Reuters) – Merger talks between Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) and regional bank Wachovia Corp (WB.N: Quote, Profile, Research, Stock Buzz) have ended as Morgan focuses on a partnership with Japan’s Mitsubishi UFJ Financial Group (8306.T: Quote, Profile, Research, Stock Buzz), sources familiar with the situation said on Wednesday. Morgan […]
LONDON (Reuters) – Montagu Private Equity’s 1.8-1.9 billion euros ($2.64 billion) sale of German wound care firm BSN Medical may be concluded this year despite tough loan market conditions, banking sources said on Wednesday. The sale could be one of a handful of private equity purchases to be agreed between now and the end of […]
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