The Blackstone Group has completed the twice-delayed flotation of UK cinema chain Cineworld, as the group’s shares, reported to be three times oversubscribed, proved attractive to investors,.
Buyout firm Terra Firm has realised £200 million from the sale-and-leaseback of some of the property estate of UK off-licence chain Threshers.
Energy-focused Natural Gas Partners is set to acquire the power production and development businesses of MDU Resources Group for $636 million.
Oak Hill Capital has placed a $1.4 billion order for six Boeing 777 freight planes, which the Robert Bass-led firm will then lease. The planes will add to the firm’s existing portfolio of 25 passenger aircraft.
21 Centrale Partners has led the purchase of Sud Robinetterie, a French valve manufacturer for the oil and gas industry.
Audio equipment maker Harman International Industries has agreed to be acquired by KKR and GSCP for $8 billion.
Adconion Media, a German online advertising network, has received a commitment from Wellington Partners, a pan-European venture capital firm, of an undisclosed amount.
At a time when much of the essence of private equity is subject to intense scrutiny by many outside the industry, it is notable that a different version of the asset class is taking shape which takes its definition from compliance with Islamic teaching.
Equipment rental company RSC Holdings, purchased last year by Ripplewood and Oak Hill, raised $458 million in an initial public offering; the 20.3 million share offering raised less than expected, and the company’s stock has been trading below the IPO’s $22 per share price.
The private equity and venture capital backers of DocMorris, one of the biggest pharmacy brands in Europe, have secured a lucrative sale of the business to Celesio, Europe’s biggest pharmaceutical distributor.