Apollo Global Management is in talks to expand its business into the Middle East for the first time through a joint venture with a local investment firm, three sources aware of the matter told Reuters on Wednesday.
2 min read · 08 April 2015
Striding confidently through Matty’s Toy Stop in Manhasset, N.Y., Catie Tepedino, 7, is the sort of consumer who may hold the fate of the U.S. toy business in her own little fists, Reuters reported.
4 min read · 08 April 2015
A retired U.S. Army colonel has agreed to plead guilty to negotiating a job with financier Lynn Tilton’s private equity firm while also taking steps to ensure a helicopter company it controlled got paid faster by the Department of Defense.
2 min read · 08 April 2015
Canadian mid-market private equity firm Fulcrum Capital Partners has sold its portfolio company Nuheat Industries Ltd to British industrial manufacturing company Pentair plc. The financial details of the transaction were not published. Nuheat, which is headquartered in Vancouver, is a manufacturer of electric radiant floor heating systems and a distributor of freeze protection products. Its sale marks the ninth realization of Fulcrum Capital Partners III LP, which invested in the company in March 2008. Fulcum Capital is currently marketing Fulcrum Capital Partners V LP, which has so far raised $205 million of its $300 million target.
2 min read · 08 April 2015
Private equity-fueled mergers and acquisitions activity in Brazil may surpass last year’s 13.6 billion reais ($4.3 billion) in deals as political and economic uncertainty eases, executives at industry group ABVCAP said on Tuesday, Reuters reported.
3 min read · 07 April 2015
Paint maker Axalta Coating Systems Ltd said Berkshire Hathaway Inc would buy an 8.7 percent stake in the company from controlling shareholder Carlyle Group for $560 million, Reuters reported.
1 min read · 07 April 2015
National Concrete Accessories (NCA), a portfolio company of British secondaries firm Nova Capital Management, has bought Northland Construction Supplies, a Red Deer, Alberta-based supplier of goods to the concrete construction, ceramic and masonry industries. The financial terms of the transaction were not published. The acquisition by NCA, a Canadian manufacturer and distributor of concrete accessories, is the company's second since it was purchased by Nova Capital from Amalgamated Metal Corp PLC in 2011.
2 min read · 07 April 2015
Andrew Bowden, head of the compliance and examinations office at the U.S. Securities and Exchange Commission, is leaving the agency at the end of the month, Reuters reported, citing an SEC announcement Tuesday.
1 min read · 07 April 2015
Healthcare technology and services business Accreon Inc, which has offices in Boston, Fredericton, New Brunswick and other Canadian cities, has completed its previously announced management buyout. As a result of the deal, U.S. healthcare private equity firm Mansa Capital, which disclosed a US$5.5 million investment in the company, has obtained a controlling interest. Mansa Capital said its partnership with Accreon will help accelerate its growth in the United States and enhance its market position in Canada.
5 min read · 07 April 2015
U.S. enterprise software company Informatica Corp has received offers from two private equity consortia and is negotiating a sale that could value it at between US$5 billion and US$6 billion, sources told Reuters. Permira Advisers Ltd in a consortium with Canada Pension Plan Investment Board, and Thoma Bravo LLC, in partnership with Ontario Teachers' Pension Plan, submitted bids for the company last week, the sources said.
2 min read · 06 April 2015
