Kohlberg Kravis Roberts & Co and Anchor Equity Partners have agreed to buy a controlling stake in Ticket Monster, a mobile commerce company based in South Korea. The seller is Groupon Inc, which will retain a minority stake in TMON. No financial terms were disclosed for the deal that is expected to close in the second quarter of this year. Canada Pension Plan Investment Board and Pavilion Capital will be co-investing in this transaction.Continue
Click on the latest links after the weekend including fundraising news from AXA Private Equity [...]Continue
Healthcare buyouts accounted for 65% of the value of the top ten global private equity deals in 2011, according to a report by Bain & company. This top ten takes a look at who paid the highest price and for what deals.Continue
So Um What’s the real unemployment rate? Oh.
So Um What’s the most shared links on Tweetminster today?
So Folks Are paying how much for Norwegian butter?
So Prokhorov wants to run the Nets and Russia
Entrepreneurs This is how you throw a holiday party that doesn’t piss off your investors
Financial Investigator Roddy Boyd lays the smackdown on Neil Shen
In a Flash! Apple homes in on venture-backed flash memory company Anobit
Anyone for Chinese logistics? Canada Pension Plan says yes!
Specialist Advice: Trident Gets the Big Data Expert
Back to Private Equity Roots: Chinese sovereign wealth fund real estate head Lau switches to become Euro PE head
VIP Treatment: Australian pet food producer subject of private equity duel
Australian Funds Flood in: QIC wins billion dollar private equity mandate
Gowalla Investors are Cool with $3m Facebook shares dealContinue
TPG Capital and the Canada Pension Plan have agreed to buy IMS Health (NYSE: RX), a provider of data on prescription drug sales, for $22 per share (50% premium to last Friday’s closing price). The total deal would be valued at around $5.2 billion, including the assumption of debt. Goldman Sachs is providing the leveraged finance.Continue
(Reuters) – Canadian logistics services provider Livingston International Income Fund (LIV_u.TO) agreed to be taken private by Canada Pension Plan Investment Board and Sterling Partners in a deal valued at about C$225.3 million ($213.6 million). Under the deal, Livingston’s unit holders would receive C$8 per unit in cash, representing a premium of 20 percent based […]Continue
The Canada Pension Plan and Ontario Teachers’ Pension Plan are both denying a Dow Jones report that they are part of a group designed to “press buyout firms to give them a greater say over how their money is managed.” The article listed four groups as part of the lobbying effort, including CPP, Ontario Teachers, AlpInvest (Netherlands) and GIC (Singapore). In all the quartet manages over $100 billion of private equity assets.
“It is categorically untrue,” says Deborah Allen, director of communications for Ontario Teachers. “We regularly talk to other LPs — that’s part of our job — but we have no exclusive conversations or organization like was described… I think the technical term would be ‘poppycock.'”Continue