Goldsmith in Line Up for Petroplus Plants
More potential buyers lined up for the assets of insolvent refiner Petroplus on Thursday, with private equity group Goldsmith registering interest in all five of its plants, writes Reuters. Swiss-based Petroplus is filing for insolvency after battling with high debt and poor refining margins.
Reuters - More potential buyers lined up for the assets of insolvent...
Hutchison to Buy Orange Austria from France Telecom
Hong Kong’s Hutchison 3G will buy Orange Austria from France Telecom and a private equity fund in a deal valued at 1.3 billion euros ($1.7 billion) including debt, writes Reuters. The deal by the unit of Hutchison Whampoa follows a cluster of outbound M&A transactions from Asia in early 2012 as firms with large cash...
Gulf Capital Close to Deal for Reach Group
Abu Dhabi-based private equity firm Gulf Capital is close to sealing a deal to buy 80% of consultancy firm Reach Group, Reuters reported Thursday. Gulf Capital will be closing the transaction during the first quarter this year through its $533 million Private Equity Fund II, Reuters wrote. The value of the deal is estimated at...
CVC’s Ahlsell Deal to Include $1.2B in Debt
Buyout firm CVC will employ more than $1.2 billion in debt in its buyout of Ahlsell, Sweden's largest supplier of tools and building materials, Reuters reported Thursday. According to Reuters, it is the largest loan to back a leveraged buyout in Western Europ since WorldPay's acquisition by Advent International and Bain Capital in 2010.
AVG Technologies Prices IPO at $16/Share
AVG Technologies, the anti-virus software company backed by Intel Capital, Grisoft Holdings and private equity firm TA Associates, has priced its initial public offering at $16 per share, Reuters reported Wednesday. The company, which competes with Symantec and McAfee, was expecting to price its IPO of 8 million shares between $16 and $18 a share....
TPG Capital Mulling Bid for Pacific Brands
Buyout shop TPG Capital is mulling a bid for Australian underwear maker Pacific Brands, Reuters reported Thursday. TPG has not tabled a bid for the asset, the source said, but is instead watching developments on the rival bid made by KKR & Co. in January, Reuters wrote.
China Investment Corp. Takes Stake in EIG
China Investment Corp. has taken a minority stake in Washington-based asset manager EIG Global Energy Partners, Reuters reported Thursday. Asset manager EIG, which invests only in energy, resources and related infrastructure, did not disclose the size or value of the stake taken by CIC, Reuters wrote.
Accor Leaves Race for Groupe de Louvre
France's Accor is no longer in the running to buy the hotels of Groupe du Louvre, a unit of U.S. investment group Starwood Capital, Reuters reported Wednesday. Accor's offer, which it made together with Franco-Dutch property group Unibail-Rodamco, "was not retained,” Reuters wrote, quoting an Accor spokeswoman.
TPG to buy GlobeOp for $800 mln
Private equity firm TPG Capital has sealed a 508 million pound ($802 million) takeover of hedge fund services company GlobeOp, writes Reuters. TPG is offering 435 pence-per-share for GlobeOp, representing a premium of around 22.5 percent to GlobeOp’s closing share price of 355 pence on Jan. 31.
Reuters - Private equity firm TPG Capital has sealed...
TPG to buy GlobeOp for $800 mln
Private equity firm TPG Capital has sealed a 508 million pound ($802 million) takeover of hedge fund services company GlobeOp, writes Reuters. TPG is offering 435 pence-per-share for GlobeOp, representing a premium of around 22.5 percent to GlobeOp’s closing share price of 355 pence on Jan. 31.
Reuters - Private equity firm TPG Capital has sealed...
India’s Ujjivan Financial Services raises $25m
Indian microfinance company Ujjivan Financial Services has raised $25.5 million, writes Reuters. Netherlands Development Finance Company, Wolfensohn Capital Partners and existing investors participated in this round of fund raising, the company said in a statement.
Reuters - Indian microfinance company Ujjivan Financial Services said on Wednesday it raised $25.5 million by diluting a minority holding in...
India’s Ujjivan Financial Services raises $25m
Indian microfinance company Ujjivan Financial Services has raised $25.5 million, writes Reuters. Netherlands Development Finance Company, Wolfensohn Capital Partners and existing investors participated in this round of fund raising, the company said in a statement.
Reuters - Indian microfinance company Ujjivan Financial Services said on Wednesday it raised $25.5 million by diluting a minority holding in...
