Amanda Janis

Doral: private equity needed to stay afloat(2)

Puerto Rico-based financial services firm Doral Financial has said it needs a cash infusion of $700 million to $800 million and is in ‘active negotiations’ with an unnamed private equity firm.

KKR Euronext in Japanese PIPE deal(2)

KKR’s Euronext-traded affiliate has invested $167.4 million in convertible preferred stock of Japanese credit card firm Orient. It is the publicly traded vehicle’s second PIPE.

Providence to buy Clear Channel division for $1.2bn(2)

Clear Channel is selling a group of 54 television stations to Providence Equity Partners for $1.2 billion. The media giant is also in agreements to sell 161 radio stations for $331 million.

MidOcean buys ceiling fan firm(2)

MidOcean Partners has acquired The Hunter Fan Company from Lehman Brothers Merchant Banking Group.

Challenger merges with Foxbridge(2)

Investment bank Challenger Capital Group has merged with Foxbridge Partners, a middle market private equity firm established last year.

Apollo, Centerbridge battle continues(2)

CEVA Logistics, an Apollo portfolio company, has offered $1.8 billion in cash for transport and logistics firm EGL. The offer, Apollo’s fourth, is a 13.2 percent premium over an agreed Centerbridge-backed bid that Apollo is trying to block with litigation.

MDP to acquire CDW for $7.3bn(2)

CDW, a low-cost tech product retailer for businesses, governments and schools, is set to be acquired by Chicago-based Madison Dearborn in a $7.3 billion transaction.

Welsh Carson doubles money on exit(2)

Welsh, Carson, Anderson & Stowe has sold AmeriPath for $2 billion; it took the cancer and genomics diagnostics company private in 2003 in a transaction valued at $839.4 million.

Littlejohn in C$600m coffee roasting deal(2)

Middle market firm Littlejohn & Co. has agreed to take private Van Houtte, a gourmet coffee roasting company, for C$600 million. It’s the second Canadian company the US firm has agreed to buy in the last week.

Hellman Friedman exit nets $2bn(2)

San Francisco-based buyout shop Hellman & Friedman has sold digital marketing firm DoubleClick to internet behemoth Google for $3.1 billion – two years after having taken the firm private for $1.1 billion.