The owners of Polkomtel have received three final bids for the Polish mobile operator, Reuters reported Wednesday. The company declined to name bidders. Bankers have previously valued the company at up to 18 billion zlotys ($6.6 billion). It was put up for sale by its owners: miner KGHM, and state-linked companies PKN, PGE, and coal exporter Weglokoks, as well as Vodafone, Reuters wrote.
1 min read · 15 June 2011
1 min read · 15 June 2011
Blue Point Capital Partners has exiting its stake in Packers Holding, selling the company to Harvest Partners. The sale yielded a 6x return for the middle market private equity firm. Specific terms of the sale to Harvest Partners were not released. Blue Point invested in Packers Holdings from its $400 million fund, Blue Point Capital Partners II L.P. Packers Holdings is a provider of outsourced cleaning and sanitation services to the food processing industry.
3 min read · 14 June 2011
The Gores Group has completed its acquisition of the assets of Clarkesville, Georgia-based Scovill Fasteners, a manufacturer of engineered closure products. Terms of the deal were not released. Gores Group is based in Los Angeles, and its current private equity fund has committed equity capital of more than $4 billion.
3 min read · 14 June 2011
High Road Capital Partners said Monday that it had added Daniel Gaspar as a vice president. Previously Gaspar worked in private equity at Gotham Private Equity Partners and Trimaran Capital Partners. He has served on the boards of Cyalume Technologies, Intergis and Two-Twenty Records Management. Formed in 2007, High Road Capital focuses on smaller middle market deals. The firm manages $150 million of committed capital.
2 min read · 14 June 2011
Google and privately held SolarCity have launched a $280 million fund to finance residential solar projects, the two companies announced Tuesday. The fund is Google’s largest investment to date in the clean energy sector, and will help pay for solar lease and power purchase agreement options for SolarCity customers, the company said in a written statement. Overall, Google has poured more than $680 million into clean tech investments. This fund is Google’s first investment in residential solar.
3 min read · 14 June 2011
Publicly traded Smart Modular Technologies Inc. has announced the expiration of its “go-shop period,” which followed Silver Lake Partners’ buyout offer in April. Buyout shop Silver Lake Partners will acquire the Newark, Calif.-based Smart Modular Technologies in a cash deal that values the company at roughly $645 million. Smart Modular is a maker of memory chips. Silver Lake has roughly $14 billion under management.
6 min read · 14 June 2011
Kohlberg Kravis Roberts & Co. may face roadblocks from regulators on its planned $1.6 billion buyout of Taiwan electronics components maker Yageo, Reuters reported Tuesday. The island’s financial regulator has reportedly expressed concern over minority shareholders' rights, Reuters said. The next significant date for the deal will be on June 24, when KKR and will have the choice of a second and final extension or walking away from the deal for a year, Reuters wrote.
3 min read · 14 June 2011
Buyout shop Lazard is looking to sell a stake in Australian biscuit maker Unibic to an Asian partner, and is in talks with potential buyers, Reuters reported Tuesday. A strategic buyer would help the company – Australia’s third largest biscuit maker – expand its Asian business.
1 min read · 14 June 2011
Publicly traded Express-1 Expedited Solutions Inc. has sealed a deal to raise up to $150 million from Bradley S. Jacobs, the founder of equipment rental company United Rentals, his fund Jacobs Private Equity LLC and minority co-investors. Jacobs will become the majority shareholder, and chairman of its board, the company said Tuesday. Express-1 is a third-party logistics transportation services provider.
7 min read · 14 June 2011
