Kohlberg Kravis Roberts & Co. completed its acquisition of Ipreo Holdings, the firm announced Friday. Ipreo makes deal execution platforms and investor communication tools for investment banks and corporations. Terms of the deal, first announced in May, were not released.
2 min read · 08 August 2011
Private equity investor Ares Management will acquire Indicus Advisors, an investment manager in European leveraged finance and global structured corporate credit. Terms of the deal were not released. Ares Management is based in Los Angeles.
3 min read · 08 August 2011
Buyout firm Clayton Dubilier & Rice will buy a 60% stake in Hussmann International, a maker of refrigerated display merchandising equipment and refrigeration systems for the retail food industry. The private equity firm is investing $195 million to acquire convertible participating preferred stock of Hussmann. Ingersoll-Rand, the current owner, will retain a 40% stake.
3 min read · 08 August 2011
Bain Capital and Kohlberg Kravis Roberts & Co. are among the potential buyers for Australian software maker MYOB, Reuters reported. A sale of the company could fetch around $1 billion. MYOB is owned by Archer Capital and HarbourVest Partners, private equity investors that picked up the company in 2008 for roughly 450 million Australian dollars.
1 min read · 08 August 2011
China-focused hotel operator New Century Hotel, which is backed by the Carlyle Group, is planning a $400 million initial public offering, Reuters reported, citing news in the Wall Street Journal. The hotel group operates 70 hotels across China.
1 min read · 08 August 2011
Private equity shop Cinven is in talks to buy 190-year old Guardian Life Insurance in a deal that could total more than 250 million pounds ($410 million), Reuters reported, citing the Financial Times. Guardian was put up for sale last month by Dutch life assurer Aegon, which bought the company in 1999, Reuters wrote.
1 min read · 08 August 2011
Japanese beverage company Asahi Group Holdings will acquire New Zealand’s Independent Liquor, Reuters reported, citing the Nikkei business daily. Independent Liquor is currently owned by private equity firms Unitas and Pacific Equity Partners. The deal is valued at roughly 100 billion yen ($1.3 billion). Unitas and Pacific Equity Partners acquired Independent Liquor in 2006 for more than $1 billion, Reuters wrote.
2 min read · 07 August 2011
The Mandolin Fund, a Singapore-based investment fund, has increased its stake in Chinese forestry company Sino-Forest and now owns 18% of the company, Reuters wrote. The embattled Sino-Forest has been accused of fraud by short-seller Carson Block and his firm Muddy Waters, Reuters wrote. Shares of Sino-Forest are down more than 70% this year.
1 min read · 05 August 2011
Clearview Capital in July acquired Pyramid Healthcare, an Altoona, Penn.-based provider of drug/alcohol and mental health treatment centers, the firm said. Terms of the deal were not released. Pyramid Healthcare operates 21 treatment facilities throughout Pennsylvania. Clearview Capital is a Connecticut-based private equity firm.
2 min read · 05 August 2011
New York-based private equity firm Barron Partners has launched Soltas Energy Corporation, a group that consolidates the firm’s existing regional solar EPC/Project developers. Soltas Energy allows the firm to take ownership positions in prominent regional solar project development and installation companies, it said.
3 min read · 05 August 2011
