Bayer, Germany’s largest drugmaker, said it was considering strategic options for the consumer products part of its Environmental Science business, which makes about 220 million euros ($236 million) in sales from pesticides, pest control products and fertilisers, Reuters reported.
1 min read · 20 March 2015
In today’s deal news, private equity is circling enterprise software maker Informatica in what could be this year’s largest leveraged buyout, RadioShack reportedly has one buyout offer to survive bankruptcy, and Bayer is exploring strategic options for the consumer products part of its Environmental Science business.
4 min read · 20 March 2015
Some 1.4 billion euros ($1.52 billion) of add-on loans backing bolt-on acquisitions have sold successfully in Europe’s leveraged loan market, attracting investors with the opportunity to invest new money amid a lack of large scale buyout activity, Reuters reported.
2 min read · 20 March 2015
An affiliate of U.S. private equity firm HIG Capital has completed the recapitalization of Fox River Fiber LLC, a De Pere, Wisconsin-based manufacturer of premium de-inked recycled pulp produced using post-consumer waste paper. The transaction's value was not disclosed. HIG said Fox River will also been combined with Rolland Enterprises Inc, a producer of ecological fine papers and security papers with headquarters in Saint-Jérôme, Quebec. Last July, HIG acquired Rolland Enterprises, formerly the fine papers division of Cascades Inc, for $39.5 million.
3 min read · 20 March 2015
Several private equity firms are preparing to make offers to acquire enterprise software maker Informatica Corp, in what could be this year’s largest leveraged buyout, people familiar with the matter told Reuters.
1 min read · 20 March 2015
Mexican bank Grupo Financiero Banorte expects to set up a US$3 billion infrastructure fund in the next few months with a North American partner, Reuters reported. The partner was not disclosed, however, one source said the Caisse de dépôt et placement du Québec and a Mexican institutional investor planned to create a joint fund.
1 min read · 20 March 2015
In today’s deal news, Japanese etailer Rakuten Inc is buying ebook company OverDrive Inc, ETF provider Emerging Global Advisors is trying to sell a minority stake in its business, and regulators said Bank of America must allow shareholders to vote on a proposal for the company to spin off its investment banking business.
4 min read · 19 March 2015
An increasingly popular legal strategy that allows hedge funds to make potentially lucrative bets on takeover deals, and get a return even if they lose, may be about to become much less attractive, Reuters reported.
5 min read · 19 March 2015
Terminix, a portfolio company of U.S. private equity firm Clayton Dubilier & Rice (CD&R), recently bought pest and wildlife control providers Excel Pest Control Ltd and Cabot Pest Control Ltd. The values of the acquisitions were not disclosed. Excel Pest Control is located in Fredericton, New Brunswick, while Cabot Pest Control is located in St. John's, Newfoundland and Labrador. Including these companies, Terminix has acquired a total of five companies in Canada since 2013. Terminix is a subsidiary of Memphis, Tennessee-based ServiceMaster Company LLC, which has been backed by CD&R since 2007.
3 min read · 19 March 2015
reuteSome of the lowest valuations in decades and rising pressure on Africa’s gold producers to restructure or perish are likely to spur a wave of acquisitions in a sector attracting a growing number of potential buyers.
3 min read · 19 March 2015
