Private Equity
China National BlueStar, a Chinese chemical company backed by the private equity firm Blackstone Group, is in talks to buy part or all of Norway’s Elkem, according to Reuters. Elkem, a unit of Norway’s Orkla ASA, produces solar silicon products. Reuters estimated a potential takeover of Elkem at around $1 billion.
1 min read · 26 October 2010
Dallas-based private equity firm Insight Equity Holdings has acquired Saiia Construction, a site construction and civil maintenance company focused on the mineral industry. Saiia is based in Birmingham, Alabama. Financial terms of the deal were not released.
2 min read · 26 October 2010
Taiwan’s Want Want China Holdings will lead a consortium of investors acquiring Taiwan-based cable operator China Network Systems from private equity group MBK Partners, Reuters reported. Financial terms were not disclosed, though Reuters valued the deal at more than $2 billion, and named Taiwan cable company ETTV among the other investors. Seoul-based MBK Partners, which has more than $3.7 billion under management, bought China Network Systems for $1.5 billion in 2007.
1 min read · 26 October 2010
