Private Equity

cnolan

South Korea’s Woori Finance Draws Multiple Bidders

Eleven bidders have expressed interest in buying part of South Korea’s Woori Finance Holdings, Reuters reports. Woori is not releasing the names of potential investors that would vie for as much as 57% of the financial services firm - a stake worth around $6 billion, Reuters said. Other media reports have said that potential suitors could include The Carlyle Group and Vogo Fund.

3 min read · 26 November 2010

Oakley Capital Buys 50% Stake in Time Out

Oakley Capital Private Equity has acquired a 50% stake in international publisher Time Out. Financial terms of the investment were not released. Time Out publishes city-focused entertainment and event magazines as well as travel guides, and has more than 17 million readers each year. Oakley will help the company with continued growth, the firm said in an announcement.

3 min read · 26 November 2010

Actis Pours $58 Million into Brazil’s XP Investimentos

London-based private equity firm Actis has paid $58 million for a minority stake in Brazilian independent brokerage firm XP Investimentos. Actis, which focuses on emerging markets, said it will work with XP to help it prepare for an initial public offering. The deal is London-based Actis’ third Brazilian investment in as many months. XP Investimentos is based in Sao Palo, Brazil.

3 min read · 26 November 2010

Apax Buys Advantage Sales & Marketing

Private equity shop Apax Partners will acquired a majority stake in Advantage Sales & Marketing, a marketing agency owned currently by J.W. Childs Associates and BAML Capital Partners. Financial terms of the deal, which is expected to close by the end of this year, were not disclosed. Irvine, Calif.-based Advantage Sales & Marketing has more than 1,200 clients and 66 offices across the U.S. Under the terms of the acquisition, Advantage’s current management team will continue to lead operations. Apax Partners is based in New York.

3 min read · 26 November 2010

Buyout Shops Pay $5.3 Billion for Del Monte

Buyout shops Kohlberg Kravis Roberts & Co., Vestar Capital Partners and Centerview Partners will acquire Del Monte for $5.3 billion. The deal values Del Monte at $19 per share, a 40% premium over the company’s average closing price during the past three months. The deal includes the assumption of roughly $1.3 billion in assumed debt. Debt financing will come from Bank of America, Merrill Lynch, Barclays Capital Inc., JPMorgan Chase, Morgan Stanley and KKR Capital Markets.

6 min read · 26 November 2010

Carlyle Offers $618 Million Deal QSR Brands

The Carlyle Group has offered 1.9 billion Malaysian ringgit ($618.8 million) for Malaysia’s QSR Brands, the majority owner of KFC and Pizza Hut in Malaysia, Reuters reported. QSR is currently owned by Malaysian planter Kulim. The offer by Carlyle tops a previous offer by Malaysian businessman Halim Saad, Reuters said.

2 min read · 26 November 2010

Hana Looks to PE Firms to Fund KEB Acquisition

South Korea’s Hana Financial Group will look to private equity firms to fund its $4 billion acquisition of Korea Exchange Bank, Reuters reported. Hana is in early talks with firms including The Carlyle Group and Kohlberg Kravis Roberts & Co., Reuters said, adding that Hana will tap private equity firms for roughly half the cost of the buyout.

2 min read · 24 November 2010

Healthcare Locums In Talks to Buy Healthcare Australia

UK-based medical staffing company Healthcare Locums is in talks to buy Healthcare Australia, which provides nursing and homecare services, Reuters reported, citing an earlier report by the Australian Financial Review. Healthcare Australia is majority owned by CHAMP Private Equity.

1 min read · 24 November 2010

Carlyle Group Buys Six Retail Companies From Primondo

The Carlyle Group, through its 5.4 billion euro ($7.2 billion) Carlyle Europe Partners III fund, has acquired six retail businesses from Primondo Specialty Group, a subsidiary of German holding company Arcandor. Financial terms of the deal were not released. The companies acquired include board-sports and street-wear retailer Planet Sports; Danish mail-order business Bon’A Parte; and women’s apparel company Elégance.

4 min read · 24 November 2010

Elbrus Capital Exits Investment in Mail.ru

Private equity firm Elbrus Capital divested its stake in Mail.ru with the company’s initial public offering on the London Stock Exchange. Mail.ru is a Russian internet company that holds a 2.4% stake in Facebook, as well as stakes in U.S. internet start-ups Groupon and Zynga Game Network, the maker of the popular “FarmVille” Facebook game. Elbrus Capital invested in Mail.ru in 2007, and the exit represents Elbrus’ first from the fund’s portfolio, the firm said. The IPO valued Mail.ru at nearly $6 billion. Elbrus is based in Moscow.

2 min read · 24 November 2010

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