Japan's Orix Corp. is in talks to buy private equity firm TPG Capital's 20% stake in Indian commercial vehicle lender Shriram Transport Finance Co., Reuters reported, citing the Economic Times. The deal could be valued at more than 30 billion rupees ($664 million).
1 min read · 23 May 2011
Ares Capital has exited its investment in Border Foods Inc., selling the company to Mizkan Americas Inc., a subsidiary of Japan-based Mizkan Group. Terms of the deal, which closed May 12, were not released. Harris Williams & Co. acted as the advisor to Border Foods.
3 min read · 20 May 2011
British information technology company Micro Focus International said it has been approached by private equity firms Bain Capital and Advent International, Reuters reported. The company, which specializes in mainframes, lost its chief executive last month, Reuters wrote. The company said there was no certainty that any offer for the company would result in talks.
2 min read · 20 May 2011
China-focused buyout shop Hopu Investment Management Co. sold half its stake in Winsway Coking Coal Holdings for about $82 million, Reuters reported. The company is one of China's major integrated importers and distributors of coking coal. Hopu owns almost 5 percent of the company after the sale.
1 min read · 20 May 2011
Versa Capital Management affiliate OCM has acquired Ohio Community Media, which owns and operates newspapers, publications and websites that serve communities in northern and western Ohio. Terms of the sale were not disclosed. Versa is private equity investment firm with $950 million of committed capital.
2 min read · 20 May 2011
Buyout firm Actis has reached an agreement with Gas Natural Fenosa to buy a group of companies focused on the transportation and supply of electricity in Guatemala. The deal is valued at $345 million, plus assumed debt. Actis focuses on emerging market deals, and has roughly $4.6 billion under management.
4 min read · 20 May 2011
The Carlyle Group is planning to raise a $950 million fund for South American investments, Reuters reported, citing news from Bloomberg. Carlyle will inject about $730 million from institutional investors for the private equity fund, according to the report. Banco do Brasil SA will commit about $220 million to a related partnership targeting investments in Brazil, Reuters wrote.
1 min read · 20 May 2011
Fortune Brands Inc. is selling its Acushnet Company golf business, which includes the Titleist and FootJoy brands, to a group of investors led by Fila Korea Ltd. and Korean buyout firm Mirae Asset Private Equity. The purchase price is $1.225 billion in cash.
6 min read · 20 May 2011
Germany’s Earlybird Venture Capital has exited its investment in BridgeCo Inc., selling the company to publicly traded semiconductor company SMSC. Terms of the deal were not released. BridgeCo developers networked audio technologies. Earlybird first invested in the company in 2000, and was the company's first institutional investor.
3 min read · 20 May 2011
Australian buyout shop Archer Capital is planning to raise $1.27 billion in a new fund later this year, Reuters reported. The firm will likely be in the market for its Archer Fund 5 in the final quarter of 2011. Archer has roughly 2 billion Australian dollars under management, and its current fund is about two-thirds invested.
2 min read · 20 May 2011
