Australian firm CHAMP Private Equity is looking for a buyer for its International Energy Services business, a fuel transport company, Reuters reported Friday. The firm is looking for up to A$375 million ($405 million, and has seen some interest from logistics companies, Reuters wrote. Indicative offers are due in early August.
2 min read · 22 July 2011
Stephen Fredette will join Leeds Equity Partners as an operating partner. Most recently, Fredette served as CEO of Assessment Technology Institute, a private equity owned nursing education company. With Leeds Equity, Fredette will seek out new investment opportunities in the education and training sectors. Leeds is a New York-based private equity firm focused on investing in the education, training and information services industries.
3 min read · 22 July 2011
Aktien Medical Ventures has acquired a 4.9% interest in Apollo Medical Holdings, a provider of integrated medical management services that is traded on the over-the-counter Bulletin Board. Aktien is based in Dallas, and has offices in Los Angeles and Buenos Aires.
2 min read · 21 July 2011
A Korean judge ordered Lone Star’s former head of Seoul operations, Paul Yoo, to be arrested, saying he was a flight risk, Reuters reported. The arrest is the latest incident in the drama of Lone Star’s attempts to sell its majority stake in Korea Exchange Bank. The buyout firm planned to sell KEB to Hana Financial Group in a $4.1 billion, but the deal has been halted by charges that Lone Star manipulated stock prices in the run-up to its acquisition, Reuters wrote.
2 min read · 21 July 2011
Buyout shop BC Partners will pay 17 billion crowns ($2.6 billion) to buy Swedish cable company Com Hem, Reuters reported. BC Partners apparently beat out rival bidder Cinven. Com Hem is currently owned by private equity investors Carlyle Group and Providence Equity Partners.
1 min read · 21 July 2011
Ropes & Gray has opened an office in Shanghai to serve clients in private equity, investment funds and life sciences, the firm announced. The new Shanghai office is the firm’s third in Asia. The office will be led by partner Arthur Mok, who joined the firm in 2010, and focuses on M&A and private equity transactions.
3 min read · 21 July 2011
European private equity investor HitecVision has acquired North Sea Communications from Telia Norge for 170 million Swedish krona ($26.5 million). North Sea Communications operates a fiber optical cable system between Norway and the UK, providing the offshore oil and gas industry in the southern part of the North Sea with high speed and low latency communications, the company said in a written release.
2 min read · 21 July 2011
Blackstone is buying German outdoor clothing company Jack Wolfskin for what has been estimated at more than 700 million euros ($994 million), Reuters reported. The buyout shop did not disclose terms of the deal. The company’s co-founder and chief executive, Manfred Hell, will step down as part of the deal, Reuters said.
2 min read · 21 July 2011
Alcatel-Lucent is mulling a sale of its enterprise business, with buyout shop Permira a reported frontrunner for such a sale, Reuters reported Wednesday. The collection of businesses up for sale had revenues of around 1 billion euros and operating margins around 6% to 7%, Reuters said.
2 min read · 20 July 2011
Lone Star is making plans to sell Tokyo Star Bank only a month after it grabbed a 30% stake in the mid-sized Japanese lender, Reuters reported Wednesday. Lone Star last month led a group buying into the bank after “entities set up by Japanese private equity firm Advantage Partners gave up its ownership due to their trouble repaying debt,” Reuters wrote.
1 min read · 20 July 2011
