IMS Health Holdings Inc, backed by TPG Capital Management LP and other investors, said it expected to price its initial public offering at $18 to $21 per share, valuing the healthcare information company at up to $6.97 billion.
3 min read · 01 April 2014
Michael Foods Group Inc in early 2014 began seeking “financial and strategic alternatives” to pursue its growth strategy, the privately held company said in a regulatory filing on March 21.
1 min read · 01 April 2014
Green Street Advisors Inc, the provider of research on real estate investment trusts whose services are widely used by property investors, is exploring a sale, according to three people familiar with the matter.
1 min read · 01 April 2014
GS Capital Partners LP, the private equity arm of Goldman Sachs Group Inc, and Oak Investment Partners are in talks to sell iHealth Technologies Inc in a deal that could value the medical claims company at more than $1 billion, people familiar with the matter said.
2 min read · 31 March 2014
Montréal-based professional services consultant WSP Global Inc (TSX:WSP) has completed bought-deal and private placement common share financings totaling $293 million. WSP's current minority investors the Caisse de dépôt et placement du Québec and Canada Pension Plan Investment Board (CPPIB) accounted for approximately $86 million of the raise. The company said that the total proceeds, together with the funds drawn under an existing credit facility, will be used for its planned $366 million acquisition of Focus Group. The Calgary-based Focus is being sold by U.S. private equity firm KRG Capital Partners.
5 min read · 31 March 2014
Sterigenics, a sterilization services provider owned by buyout shop GTCR LLC, has reached a deal to buy Canadian medical isotopes supplier Nordion Inc for $727 million.
2 min read · 31 March 2014
Payment processor Mercury Payment Systems Inc, backed by the buyout shop Silver Lake, filed with U.S. regulators on March 28 to raise about $100 million in an initial public offering of common stock.
2 min read · 31 March 2014
Buyout firms are finding it harder to take part in mergers and acquisitions as the lure of stronger equity markets persuades more funds seeking to exit assets to try their luck with a public share sale or turn to cash-rich corporate buyers, reports Reuters. Private equity-backed mergers and acquisitions (M&A) fell by almost a third to US$55.2 billion from a year ago, Thomson Reuters' quarterly data showed on Friday.
3 min read · 31 March 2014
Canadian pension fund manager British Columbia Investment Management Corp (bcIMC) plans to open its first foreign investment office in London. By establishing a presence in the U.K., bcIMC aims to enhance its global reach and gain access and insight into a primary destination for inward investment in Europe, the pension manager said. Based in Victoria, British Columbia, bcIMC manages over $110 billion in assets and has about $12.4 billion invested in infrastructure, real estate and public and private equity investments in U.K. and European markets.
2 min read · 31 March 2014
Leading Texas power company Energy Future Holdings is widely expected to file for bankruptcy in the coming days, the victim of a record-breaking buyout that piled it with debt just as prices for its electricity plunged.
4 min read · 31 March 2014
