Shares in online car marketplace Auto Trader Group rose more than 16 percent after their debut in London on Thursday in Britain’s largest ever private equity-backed listing, Reuters reported.
2 min read · 19 March 2015
The following bids, mergers, acquisitions and disposals were reported by Reuters and Buyouts sister publication PE HUB as of 2000 GMT on Wednesday, March 18, 2015.
3 min read · 18 March 2015
The antitrust division of the United States Department of Justice has completed its review of the previously announced combination of Ainsworth Lumber Co Ltd (TSX: ANS) and Norbord Inc (TSX: NBD). The deal, which is expected to close by the end of March, has been valued at about $763 million. The Vancouver-based Ainsworth and the Toronto-based Norbord, both of which are portfolio companies of Brookfield Asset Management, have said their merger will create a leading global wood products business.
4 min read · 18 March 2015
A subsidiary of Canadian investment holding firm TerraVest Capital has agreed to acquire Signature Truck Systems Inc and Lakeshore Metal Works Inc, which are both focused on assembling propane bobtail trucks for fuel distributors. The affiliated companies are based in Clio, Michigan. The deal, the value of which was not published, is expected to close in the coming weeks. TerraVest said the acquisition complements its current operating businesses.
6 min read · 18 March 2015
More than half of the 17 senior managing directors working in Blackstone Group LP’s mergers and acquisitions advisory arm may leave as the business is combined with the advisory firm headed by star Wall Street investment banker Paul Taubman, according to people familiar with the matter told Reuters.
4 min read · 18 March 2015
Private equity firm KKR & Co LP, search engine Baidu Inc and hedge fund Coatue said on Wednesday they will jointly invest $170 million in Chinese online used-car auction firm Uxin, aiming for a piece of the booming used-car market, Reuters reported.
1 min read · 18 March 2015
The following bids, mergers, acquisitions and disposals were reported by Reuters and Buyouts sister publication PE HUB as of 1330 GMT on Tuesday, March 17, 2015.
4 min read · 18 March 2015
Concordia Healthcare Corp (TSX: CXR) has entered into an agreement with underwriters to raise gross proceeds of up to $368 million through a bought deal financing. The transaction is intended to partially fund the company's proposed purchase of assets held by Switzerland's Covis Pharma Holdings SARL. Earlier this month, Concordia, a Canadian healthcare company focused on legacy pharmaceutical products and orphan drugs, agreed to buy the assets from Covis, which is controlled by U.S. private equity firm Cerberus Capital Management and other investors. The acquisition is valued at US$1.2 billion.
5 min read · 17 March 2015
Cerberus Capital Management and Solus Alternative Asset Management on Tuesday proposed a new plan to restructure bankrupt wireless venture LightSquared, with the support of billionaire Charles Ergen, LightSquared’s largest lender, Reuters reported.
1 min read · 17 March 2015
A private equity fund manager admitted March 16 to stealing more than $8 million from investors, which he was accused of using to pay commissions in order to get investments, Reuters reported.
2 min read · 17 March 2015
