Japanese drugmaker Takeda Pharmaceutical Co. is in talks to buy buy Swiss rival Nycomed in a deal that could reach about $14.2 billion, Reuters reported, citing a story by Bloomberg. Nycomed is owned by Nordic Capital and Credit Suisse Group AG's private-equity unit. A deal for the company could be announced as early as next week, Reuters said.
1 min read · 12 May 2011
Goldman Sachs is planning to raise 5 billion yuans ($770 million) for a private equity fund in China, Reuters reported Thursday. The fund is a joint venture between Goldman and state-owned Capital Opportunities and Management Centre of Beijing, a unit of Beijing's municipal government, Reuters wrote.
2 min read · 12 May 2011
Tata Capital, the private equity unit of India’s Tata Group, has sealed commitments of $800 million for new private equity investments, Reuters reported. Last year, Tata Capital set up a private equity fund jointly with Japan's Mizuho Securities to invest in unlisted Indian companies, with a target of raising $1 billion by December 2011, Reuters wrote. The firm provides financial services across consumer and corporate finance, equity research, and investment banking, and manages several buyout funds, including Tata Growth Fund and Tata Opportunities Fund.
2 min read · 12 May 2011
Maranon Capital has added Matt Graves as an associate. Graves was previously an associate with Mariner Private Equity. Maranon Capital provides senior financing, mezzanine debt and equity co-investments for private equity-backed and non-sponsored middle market transactions. The firm is based in Chicago.
1 min read · 12 May 2011
Shuaa Capital plans to cut 10.7% of its staff – roughly 39 jobs – after a poor first quarter, Reuters reported. The firm, which is 48.4% owned by Dubai Bank Group, blamed political unrest in the Gulf Arab region for the poor results. A sharp drop in real estate values and lack of initial public offerings as well as competition from international banks has prompted Shuaa to slash costs, Reuters wrote.
2 min read · 11 May 2011
Credit Agricole, Goldman Sachs and Natixis are arranging a leverage loan worth up to 500 million euros ($719.6 million) to back Eurazeo and Bridgepoint's buyout of BPCE bank's real estate arm Foncia, Reuters reported Wednesday. The acquisition will have a total size ranging from 900 million euros to 1 billion euros ($1.29 billion to $1.43 billion), Reuters wrote.
1 min read · 11 May 2011
Washington, DC-based private equity firm Arlington Capital Partners has recapitalized privately held Iron Data Solutions. Atlanta-based Iron Data develops software designed to assess, improve, manage and monitor challenging operational process issues for federal, state and local government clients, as well as private sector customers. No terms of the deal were released. Arlington Capital has roughly $1.4 billion of committed capital, and focuses on middle-market investment.
3 min read · 11 May 2011
Publicly traded Pacific Office Properties Trust Inc. and investment manager Angelo Gordon & Co. have teamed up on two joint ventures, formed to own two separate office properties: the City Square Office Towers in Phoenix; and the Pacific Business News Building, in Honolulu. The partnerships are the latest in a slew of joint ventures between the two firms. Together they have completed more than $950 million in acquisitions, the companies said in a written statement. Terms of the latest deals were not released.
3 min read · 11 May 2011
UBS and Bank of America Merrill Lynch have been brought on to evaluate a possible sale of Landsbanki's majority stake in British frozen-food retailer Iceland Foods, Reuters reported. The Icelandic bank began seeking advisers for the 1 billion pound ($1.59 billion) -plus sale in January. It owns 67 percent, Reuters said.
1 min read · 11 May 2011
Datapipe, a provider of enterprise IT services, said Tuesday that it closed on $176 million in equity and debt financing. The equity investment comes from ABRY Partners. The debt financing comes from a syndicate of lenders led by TD Securities as agent, joined by Brown Brothers Harriman, CapitalSource, Caterpillar Financial, CIT Group, GE Capital, ING and Raymond James Financial. Datapipe will use the new money for expansion. Datapipe is based in New Jersey.
4 min read · 10 May 2011
