2 min read · 03 March 2011
Private equity firms EQT and Affinity are in a bidding war for Malaysian synthetic rubber glove manufacturer YTY Group, Reuters reported. The deal for YTY Group could reach as high as $500 million, Reuters said.
1 min read · 03 March 2011
A state-run Iraqi bank is planning a $500 million private-equity fund to invest in projects to rebuild the country, Reuters said. Trade Bank of Iraq plans to bring on a global partner to act as general partner on the fund. Formed in 2003, the bank also plans to open branches this year in London and Beirut, and eventually in North America and Asia.
3 min read · 03 March 2011
Murdoch Moves Forward: The British government cleared the way for Rupert Murdoch’s planned takeover of British pay television company, British Sky Broadcasting. Family (Billions of) Dollars: The discount retailer Family Dollar Stores has rejected a $7 billion takeover bid for being too low. The Oracle of Omaha: Even Warren Buffet makes mistakes... Mortgage Mess: Regulators can’t agree on penalties for banks involved in the mortgage meltdown. Apple: Deconstructing the iPad 2. Gossip: Despite rumors, Twitter co-founder Biz Stone says the company is neither planning a fundraising or an I.P.O.
1 min read · 03 March 2011
Time Warner has paid $60.3 million to increase its ownership in Central European Media Enterprises, Reuters reported. Time Warner now holds 31% of the broadcaster, up 5.5% from its previous stake. It bought the shares from from privately held Testora, part of Czech private equity group PPF Investments.
1 min read · 03 March 2011
Ares Management will pay about $222 million to buy Global Defense Technology & Systems Inc., Reuters reported. The deal, at $24.25 per share, represents a 51% premium over Global Defense’s closing price Wednesday. Including debt, the deal is valued at $315 million.
1 min read · 03 March 2011
New York-based Millennium Technology Value Partners has added Alex Ferrara as a partner, focusing on investments in Internet companies, and in companies working in financial services and digital technology. Previously, Ferrara spent six years with Bessemer Venture Partners, where he was a Partner.
4 min read · 02 March 2011
After acquiring the recycling technology assets of FCR Inc., five private equity firms have partnered to launch Re Community Holdings LP, a platform focused on recycling communities. Pegasus Capital, Intersection, MissionPoint Capital Partners, HarbourVest Partners LLC, and Ares Capital Corporation have partnered on the effort, which is designed to enable community partners to generate additional revenue, recover community owned resources, create new jobs, fund budget shortfalls, and reduce their carbon footprint, the firms said in a release.
6 min read · 02 March 2011
Boston-based private equity firm Riverside Partners has invested an undisclosed amount in Pilgrim Software Inc., which makes enterprise risk, compliance and quality management software. The investment is aimed at helping the company expand. Founded in 1989, Riverside Partners is a middle market private equity focused on healthcare and technology.
3 min read · 02 March 2011
Vietnam Infrastructure Limited, a publicly traded fund focused on infrastructure assets in Vietnam, has acquired a majority stake in Mobile Information Service, a company focused on building and leasing mobile telecommunication network towers. The firm acquired a 30% stake in Mobile Information Service in March 2008, and recently increased the stake to 75%.
3 min read · 02 March 2011
