A consortium of private equity firm TPG Capital LP and Chinese conglomerate Fosun International Ltd is in the final stages of negotiations to acquire Cirque du Soleil, sources told Reuters. The company's founder Guy Laliberté is expected to keep a 10 percent stake, while the Caisse de dépôt et placement du Québec is also expected to be a minority investor, the sources said.
2 min read · 16 April 2015
Steel trading firm Stemcor, one of the UK’s largest private companies, could be taken over by U.S. distressed investment fund Apollo, as part of a $2 billion debt restructuring, according to banking and industry sources who spoke to Reuters.
3 min read · 16 April 2015
Shares of Party City Holdco Inc , backed by buyout firm Thomas H. Lee Partners LP, jumped as much as 22.6 percent in their debut on Thursday as initial public offerings of private-equity backed companies as continued to draw investors, Reuters reported.
2 min read · 16 April 2015
Canadian private equity firm Fulcrum Capital Partners has partnered with the management of Innovative Steam Technologies (IST) to complete a carve-out of the business from construction company Aecon Group Inc (TSX: ARE). Fulcrum Capital did not disclose its investment, however, Aecon said the sale generated an initial $35 million in gross cash proceeds. Based in Cambridge, Ontario, IST is a designer, engineer, manufacturer and installer of heat recovery steam generators for power generation and enhanced oil recovery applications. The deal is the third announced so far this year by Fulcrum Capital Partners V LP, which is currently being marketed to raise $300 million.
2 min read · 16 April 2015
South African investment house Brait SE offered $1 billion for a controlling stake in gym group Virgin Active on Thursday, seeking to tap the growing health-conscious middle classes particularly in Africa and Asia, Reuters reported.
2 min read · 16 April 2015
Blackstone Group LP, the world’s largest alternative asset manager, said on Thursday that its first-quarter profit doubled from a year ago, as strong asset sales generated by its private equity and real estate units brought in record cash, Reuters reported.
2 min read · 16 April 2015
Delavaco Residential Properties Corp (TSX-V: DVO.U), an affiliate of private equity and merchant banking firm The Delavaco Group, is in discussions concerning a possible sale of a controlling interest in the business to an unidentified third party. It has retained Clarus Securities Inc as a financial advisor on a potential deal. Based in Toronto and Fort Lauderdale, Florida, Delavaco Residential Properties specializes in the acquisition and development of distressed single-family homes in the United States.
3 min read · 15 April 2015
ThyssenKrupp is nearing a sale of its loss-making alloys unit VDM to private equity firm Lindsay Goldberg Vogel for about 500 million euros ($530 million), German business daily Handelsblatt reported on Wednesday.
1 min read · 15 April 2015
Democrat Hillary Clinton blasted executive pay and tax rates for hedge-fund managers on Tuesday, using the first stop of her low-key campaign rollout in Iowa to highlight her promise to help Americans struggling toward economic recovery, Reuters reported.
3 min read · 15 April 2015
Emerging-markets focused private equity firm Abraaj Group has appointed Huda Al Lawati as a partner and chief investment officer for the Middle East and North Africa region, it said on Wednesday, Reuters reported.
1 min read · 15 April 2015
