Two rival consortium are gearing up for bids to buy Swedish alarms firm Securitas Direct, Reuters reported. Stanley Black & Decker is expected to team up with the Carlyle Group on a bid for Securitas Direct, which is currently owned by Swedish private equity group EQT. A second consortium of Bain and Hellman & Friedman is also expected to make a bid, Reuters reported.
2 min read · 21 June 2011
Oracle will pay an undisclosed amount for FatWire Software, a maker of web experience management products. No terms of the deal were released. FatWire Software, based in Mineola, New York, is backed by investors including Topspin Partners and Newlight Management.
2 min read · 21 June 2011
San Francisco-based SAY Media, which is backed by investors including August Capital, First Round Capital, Focus Ventures and Maveron, has acquired digital agency Sideshow. Financial terms of the deal were not released. Sideshow was launched in 1999.
3 min read · 21 June 2011
Beer maker Foster's Group rejected a $10.1 billion cash takeover offer from SABMiller – saying the bid was too low, Reuters reported. Investors predict, however, that the Australian brewer would succumb to a slightly higher offer, Reuters added. Foster’s, which has a 50% market share in Australia, has been the subject of takeover talk since it announced plans last year to spin off its struggling wine operations.
5 min read · 21 June 2011
San Francisco-based buyout shop VMG Partners has closed its new fund, VMG Partners II LP, with $375 million in capital commitments. VMG Partners focuses on consumer product companies in the lower middle market, and now has a total capital under management of $700 million. Park Hill Group served as placement agent for the fund. Latham & Watkins provided legal advice.
3 min read · 21 June 2011
Publicly traded Taleo Corp., which makes on-demand talent management software, will pay $38 million to acquire Jobpartners, more than doubling its customer base in Europe. The cash deal is expected to close by September 30.
4 min read · 21 June 2011
French aerospace group Safran is ready to pay 4 billion euros ($5.74 billion) for Italy’s Avio, Reuters reported, citing an article in the weekly La Lettre de l'Expansion. No other details were given, but Safran shares rose as much as 5.7% to a near 11-year high after the report's publication, Reuters said. Avio is majority owned by private equity group Cinven.
1 min read · 21 June 2011
The Carlyle Group is exclusive talks to acquire digital set-top box maker Sagemcom from the Gores Group, Reuters reported. Under the terms of the deal being discussed, Carlyle would take a 70% stake, with Sagemom’s management and employees holding the remaining 30%, Reuters said. Financial details of the deal were not released.
1 min read · 21 June 2011
In its thirteenth acquisition in only four years, CarePoint Partners, a portfolio company of Waud Capital Partners, will acquire the infusion business of ArTex Medical Inc. Terms of the deal were not released. CarePoint is an independent infusion therapy provider. Waud Capital is a middle-market private equity investment firm.
3 min read · 20 June 2011
Spain’s Ferrovial is in talks to sell a 10% stake in UK airport operator BAA, Reuters reported Monday, citing a report in the Sunday Times. Ferrovial has reportedly been in talks with U.S.-based infrastructure company Alinda Capital Partners, Reuters wrote. The stake is estimated to be workth about $285 million.
1 min read · 20 June 2011
