Barclays Private Equity is considering a $1.12 billion sale of tax-free shopping company Global Blue, Reuters reported, citing a report from Sky News. Global Blue is based in Switzerland. Barclays is reportedly considering investment banks in its preparations to sell the company.
1 min read · 18 July 2011
Protox Therapeutics Inc., a Canadian developer of treatment of urological diseases, has sealed a $15 million loan agreement with Oxford Finance. The company, which is backed by Warburg Pincus, will use the money for its late stage drug development program for the treatment of Benign Prostate Hyperplasia. Last fall, Protox inked a commitment from Warburg Pincus to put up to $35 million into the company Protox competed a $10 million first tranche of that financing in November. Protox is traded on the Toronto Stock Exchange.
3 min read · 18 July 2011
A bidding deadline for bookstore chain Borders Group passed Sunday afternoon with no offers, Reuters reported, citing news from the Wall Street Journal. Bids were due at 5 p.m. yesterday, ahead of a bankruptcy court auction set for Tuesday, Reuters said. The company filed for bankruptcy in February.
1 min read · 18 July 2011
Emerging markets private equity firm Aureos Capital is launching a $200 million India fund for investments in small and medium-sized businesses, Reuters reported over the weekend. The fund, Aureos India Fund II, will invest across India, Sri Lanka and Bangladesh.
2 min read · 18 July 2011
Restaurant and arcade chain Dave & Buster's has filed to raise up to $150 million in an initial public offering, according to Reuters. The company was bought by Oak Hill Capital Partners in 2010 for $570 million. Goldman Sachs, Jefferies and Piper Jaffray will underwrite the IPO. After the offering Oak Hill and other investors will continue to retain a majority of the company, Reuters wrote.
2 min read · 18 July 2011
Liz Claiborne Inc. is in talks with private equity firms to sell its Mexx brand, Reuters reported, citing Bloomberg. Leonard Green & Partners, Sun Capital and Golden Gate Capital are among the firms exploring the sale. According to Bloomberg, the Mexx business fetch about $100 million.
2 min read · 18 July 2011
Audax Group has put chemical company ColorMatrix Corp. up for sale, Reuters reported. The company could fetch as much as $400 million. The firm hired Robert W. Baird to advise it on the sale. ColorMatrix makes liquid color and additive concentrates for thermoplastic products.
1 min read · 18 July 2011
Boston based Kamylon Capital has exited its investment in Forgitron Technologies, selling the company to Accuride Corp. Terms were not released. Forgitron designs, manufactures and distributes rotary-forged aluminum wheels. The company is based in Camden, South Carolina. Kamylon restarted the company after acquiring it through a 2008 bankruptcy process.
2 min read · 15 July 2011
Charter International rejected a new offer from manufacturing buyout firm Melrose that valued the British industrial toolmaker at 1.4 billion pounds ($2.3 billion), Reuters wrote Friday. The offer was 8% higher than an earlier offer from Melrose, Reuters said.
2 min read · 15 July 2011
Real estate website Zillow Inc. has upped the range for its initial public offering to between $16 and $18 per share. The Seattle-based company previously priced the IPO at $12-$14 per share. The company expects to raise about $56.8 million from the offering, when calculated at the mid point of its price range and after deducting underwriting discounts and commissions, Reuters wrote Friday.
1 min read · 15 July 2011
