Private Equity
Czech private equity fund Penta Investment may sell a minority stake in Polish retail chain Zabka on the Warsaw bourse, Reuters said. The stake was valued at more than 1 billion zlotys ($330 million), Reuters said.
1 min read · 23 December 2010
Partners Group has provided an undisclosed amount of junior debt financing to satellite communications services provider Vizada. Based in Paris, Vizada was created in 2007 from the merger of the satellite services businesses of France Telecom SA and Telenor ASA. Vizada is owned by private equity firm Apax France.
2 min read · 23 December 2010
Nordic buyout shop IK Investment Partners is the preferred bidder for the Carlyle Group’s company formation firm Offshore Incorporations HK Ltd., Reuters reported. Affinity Equity Partners and Bain Capital also made final bids for Offshore, which specializes in company formation in Anguilla, Bahamas, British Virgin Islands and Cayman Islands, Reuters said. Bids are believed to have come in between $250 million and $300 million.
2 min read · 23 December 2010
2 min read · 22 December 2010
Buyout shop the Carlyle Group is in talks to buy Dutch private equity firm AlpInvest Partners, Reuters reported. A deal for AlpInvest, which has more than $52 billion under management, could be reached by the first quarter of 2011, Reuters said. Washington, DC-based Carlyle is one of the world's largest buyout firms with $97.7 billion under management. News of the talks was first reported by Bloomberg.
2 min read · 22 December 2010
Buyout shops The Carlyle Group and Affinity Equity Partners are interested in funding Hana Financial Group's $4.1 billion takeover of Korea Exchange Bank, Reuters reported, citing an article in MoneyToday. Each firm has reportedly offered more than 1 trillion won ($865.7 million) towards the deal.
1 min read · 22 December 2010
Ports operator DP World is planning to sell its Australian operations to private equity firm Citi Infrastructure Investors, Reuters reported. The deal, valued at roughly $1.5 billion, will help DP World reduce its debts. The deal is expected to close in the first quarter of 2011. DP World is a unit of Dubai World.
1 min read · 22 December 2010
Abraaj Capital, a private equity firm based in the United Arab Emirates, will pay 2 billion UAE dirhams ($539 million) for a 49% stake in Network International, Reuters reported. Network International is a subsidiary of Dubai-based lender Emirates NBD. The deal is expected to close during the first quarter of 2011.
1 min read · 22 December 2010
Friedman Fleischer & Lowe has completed its acquisition of Transtar Industries from Linsalata Capital Partners. The deal was financed with $425 million of senior secured credit facilities, the companies said. Transtar is a provider of autobody products for automotive repair. San Francisco-based private equity firm Friedman Fleischer & Lowe has roughly $2.5 billion under management.
3 min read · 22 December 2010
U.S. cable operator Liberty Global is mulling a big for private equity-owned Kabel Baden-Wuerttemberg GmbH & Co KG, a German cable operator, Reuters reported, citing an article from Bloomberg. KabelBW is owned by Swedish private equity firm EQT. Liberty Global has hired Goldman Sachs to advise on a potential offer, Bloomberg reported.
1 min read · 22 December 2010
