Nutreco and DSM are mulling a joint bid for Provimi, a French animal feed provider currently owned by the buyout shop Permira, Reuters reported, citing Dutch media reports. Provimi has been valued at as much as 2 billion euros, Reuters said.
1 min read · 27 July 2011
Dunkin' Brands has priced its IPO at $19 per share, raising $422.75 million. The price is above a previously set range of $16 to $18 per share, and gives the Canton, Massachusetts-based company a market value of more than $2.4 billion, Reuters reported. Dunkin’ Brands begins trading today on the Nasdaq. The company is currently owned by private equity investors Bain Capital Partners, the Carlyle Group and Thomas H. Lee Partners.
3 min read · 27 July 2011
Private equity firm Kohlberg Kravis Roberts & Co. has been granted approval by the European Union to purchase the Capsugel unit of Pfizer, Reuters reported. KKR will pay nearly $2.38 billion for the unit, which makes hard capsules for pharmaceuticals.
1 min read · 26 July 2011
Private equity investor The Anderson Group has acquired the assets of concrete masonry and landscape products manufacturer Oberfields through an out-of-court restructuring. Oberfields is based in Columbus, Ohio. Terms of the deal were not released. The deal is the fourth transaction completed by Anderson Group in the past year.
2 min read · 26 July 2011
Private equity firm EQT plans to sell German vacuum technology specialist Leybold Optics, Reuters reported. The firm has hired BNP Paribas to help find a buyer for the company. EQT bought Leybold in 2001 for about 200 million euros, Reuters said.
1 min read · 26 July 2011
Middle-market buyout shop Huntsman Gay Global Capital has exited its investment in oilfield maintenance services company Grand Isle Shipyard. NANA Development Corp., based in Anchorage, Alaska, acquired the company. The sale is Huntsman Gay’s first exit since it closed its debut $1.1 billion fund in July of 2009. Terms of the sale were not disclosed.
3 min read · 26 July 2011
Secondary private equity firm Paul Capital has acquired an interest in a portfolio of private equity assets managed by Cognis Capital. The deal, valued at about 70 million euro ($101 million) is comprised of mostly European assets across a range of sectors, Paul Capital said. The investment was made through Ffenics I Fund LP.
2 min read · 26 July 2011
Canada’s Fairfax Financial Holdings is leading a group of investors, which also includes New York buyout firm WL Ross & Co., paying 1.1 billion euro ($1.6 billion) for a stake of up to 37 percent in Bank of Ireland, Reuters reported Tuesday, citing Irish media accounts. The deal is aimed at keeping the struggling bank out of state hands.
2 min read · 26 July 2011
The Carlyle Group is planning to sell 250 million shares in China Pacific Insurance for a price tag that could reach as high as $1 billion, Reuters reported, citing the IFR. Deutsche Bank, Goldman Sachs and Morgan Stanley are the joint bookrunners, Reuters said.
1 min read · 26 July 2011
New York-based private equity firm New Mountain Capital has acquired a majority stake in SNL Financial, a Charlottesville, Va.-based provider of sector-focused information services on the banking, financial services, insurance, real estate, energy, and media industries. Terms of the deal were not released.
3 min read · 26 July 2011
