Bahrain-based investor Investcorp has bought a majority stake in U.K.-based online booking company Eviivo Ltd., Reuters reported. The amount of its investment was not released, though the firm said the deal valued Eviivo at roughly 30 million pounds ($49.2 million).
1 min read · 09 May 2011
Melbourne-based cleaning service company Spotless Group has rejected a conditional 657 million Australian dollar ($705 million) bid from private equity firm Blackstone Group, Reuters reported. The offer of $2.68 per share was deemed too low by company directors, Reuters said.
1 min read · 09 May 2011
EIG Global Energy Partners has held a final close of its Energy Fund XV with $4.12 billion. The fund, which hit a hard cap of $4 billion in April, includes capital commitments from 187 limited partners from 13 countries, the firm said in a written release. EIG specializes in private investments in energy, energy-related infrastructure and resources, and was formerly the Energy & Infrastructure Group of Trust Company of the West.
2 min read · 03 May 2011
Nexar Capital Group has acquired alternative asset management group Ermitage Ltd. from Caledonia Investments plc. Financial terms of the deal were not released. Berkshire Capital Securities acted as financial adviser to Ermitage. Ermitage has operations in London, Jersey and New York.
3 min read · 03 May 2011
Buyout shops Berkshire Partners and Omers Private Equity will pay $2.1 billion to buy the Husky International business from investment firm Onex Corp., Reuters reported. Onex bought Husky in 2007, and said that its net proceeds from the sale would be about $635 million, Reuters reported. Husky makes injection molding equipment and services to the plastics industry. The deal is expected to close early in the third quarter.
1 min read · 03 May 2011
A consortium of investors, led by investor Jack Petchey, has approached British car dealership and parts supplier Lookers with a potential buyout offer, Reuters reported. Petchey's Trefick vehicle, along with real estate private equity investment advisory firm Moor Park Capital Partners, and venture capitalist Brett Palos made a joint approach to Lookers' board in writing regarding a possible cash offer, Reuters wrote. Lookers, however, has not allowed the suitors access to its books, Reuters said.
2 min read · 03 May 2011
Insight Communications Co., which is owned by The Carlyle Group, is expecting a first round of bids in the next two weeks, as the company gears up to sell itself, Reuters reported. Insight Communications is the ninth-largest cable operator in the U.S., and an auction is expected to fetch between $3.5 billion and $4 billion. Blackstone Group, BC Partners, CVC Capital Partners, Hellman & Friedman and KKR are widely expected to participate, Reuters wrote.
3 min read · 03 May 2011
3 min read · 03 May 2011
Madison Capital has named Jeffrey Day as a senior vice president in its capital markets team. Day worked previously as an executive director at JP Morgan Chase, where he focused on debt and equity capital raising for Chase Commercial Bank clients. Earlier in his career, Day was a Director at CapitalSource Finance.
1 min read · 02 May 2011
Vinum Capital Management, a private equity management company focused on the wine industry, has backed the acquisition of the Buena Vista Carneros winery by Boisset Family Estates. Boisset bought the winery from Ascentia Wine Estates and Entertainment Properties Trust. Terms of the deal were not released. Vinum Capital said that it facilitated the financing and structuring of the transaction.
2 min read · 02 May 2011
