Amanda Janis

Bain sells Dutch paint company for €2.2bn(4)

A US conglomerate will buy Bain Capital portfolio company SigmaKalon in a €2.2 billion transaction. The US buyout firm is believed to have paid roughly €1 billion for the Dutch paint company in 2003.

Merrill to buy C$475m BCE stake(4)

Five weeks after shareholders approved the C$49 billion BCE buyout, the largest proposed LBO to date, Teachers, Providence and Madison Dearborn have agreed to sell a C$475 million stake in the Canadian telecom to Merrill Lynch.

KKR, Goldman reach $400m accord with Harman(3)

KKR and Goldman Sachs have struck a $400 million deal allowing them to terminate their agreed $8 billion buyout of Harman International Industries without litigation or paying a breakup fee to the audio equipment maker.

MHR closes third distressed fund on $3.5bn(4)

A $3.5 billion distressed-for-control fund was recently closed by MHR Fund Management, the New York firm led by Carl Icahn’s former chief investment advisor Mark Rachesky. It is more than three times the size of the firm’s 2002 fund.

Carlyle commits $199m to education venture(2)

Carlyle has teamed with US education provider Apollo Group to form Apollo Global, a $1 billion joint venture that will invest in the education services sector outside the US.

Carlyle closes third US venture fund on $605m(3)

The Carlyle Group has closed its third US-focussed fund on $605 million, bringing the 10-year-old venture arm’s total capital under management to $3.8 billion. It is the third fund the buyout giant has closed in the past four weeks.

Macquarie consortium in $7.4bn US utility deal(4)

Puget Sound Energy, Washington state’s largest utility company, will be taken private in a $7.4 billion transaction by a consortium including Macquarie, the Canada Pension Plan Investment Board and British Columbia Investment Management Corporation.

Restoration Hardware gets $88m price cut

Catteron Partners has renegotiated its deal for the specialty retail chain as the retail sector begins to experience setbacks from general market conditions and lessened consumer confidence.

Merrill to buy C$475m BCE stake(3)

Five weeks after shareholders approved the C$49 billion BCE buyout, the largest proposed LBO to date, Teachers, Providence and Madison Dearborn have agreed to sell a C$475 million stake in the Canadian telecom to Merrill Lynch.

CCMP closes ‘debut’ fund on $3.4bn(2)

JP Morgan spin-out CCMP Capital has closed its first global fund, which will focus on buyout and growth equity opportunities.