Private equity firm CVC Capital has agreed to invest over $200 million into China education company EIC Group, buying shares from its founder and rival private equity firm Actis Capital, two sources with knowledge of the matter told sister news service Reuters.
2 min read · 27 January 2014
The prospect of higher interest rates led to a crush of refinancing deals in 2013. This year, the upshot could be a crush of new deals.
7 min read · 27 January 2014
5 min read · 27 January 2014
3 min read · 27 January 2014
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2 min read · 27 January 2014
2 min read · 27 January 2014
Final bids for French construction and concessions firm Vinci's parking concession business are due by early February, in a deal expected to fetch around 2 billion euros ($2.7 billion), three people close to the deal told Reuters. Potential buyers who are expected to submit bids include private equity firms KKR, Charterhouse and Ardian, infrastructure fund Antin and Canadian pension funds Ontario Teachers Pension Plan and the Canadian Pension Plan Investment Board (CPPIB), the sources said. Vinci Park operates 2,600 parking-lot assets in 14 countries and posted 615 million euros in revenue in 2012. Analysts say the unit is profitable but exposed to the mature, slow-growing French market.
1 min read · 24 January 2014
Canadian First Nation-owned River Cree Enterprises has received a bond issue from a group of Canadian and U.S. institutional investors. The bond issue, estimated by The Globe and Mail as totaling $200 million, has helped facilitate the Enoch Cree Nation's acquisition in partnership with River Cree Enterprises of sole ownership of the Edmonton, Alberta-based River Cree Resort and Casino, buying out minority partner Paragon Gaming. Advice in connection with the acquisition and financing strategy was provided by investment banking firm Crosbie & Co, which confirmed that the bond issue attracted interest from investors that are active in alternative assets markets. The casino will be managed by gaming property operator Sonco Gaming Inc of Halifax, Nova Scotia. Torys LLP was one of the legal advisors on the deal.
3 min read · 24 January 2014
Madison Dearborn Partners is investing $244 million of equity to buy a majority of Ikaria, the latest example of a private equity firm using low equity in a deal, according to sister website peHUB.
2 min read · 24 January 2014
