Malaysia-based private equity firm Navis Capital Partners has exited its investment in King's Safetywear Ltd, a maker of protective shoes for workers in factories, mines and other industrial environments. U.S. manufacturer Honeywell International Inc. is paying $338 million for the company, Reuters reported Tuesday.
1 min read · 02 November 2011
Kohlberg Kravis Roberts & Co. is in talks to buy most of Samson Investment Co., a privately held U.S. oil and gas company, Reuters reported Tuesday. The private equity firm is not likely to want Samson's Gulf of Mexico assets, one of the sources said. While the whole company could be worth $8 billion to $10 billion, KKR's bid without the Gulf of Mexico assets is likely to be in the range of $7 billion, Reuters wrote.
2 min read · 02 November 2011
The Los Angeles Dodgers baseball team said it has agreed with Major League Baseball officials to a court-supervised sale of the team and its media rights, potentially ending a long-running court battle between the league and owner Frank McCourt, Reuters reported. Blackstone Group will manage the sale. The Dodgers filed for bankruptcy in June after the league's commissioner, Bud Selig, rejected the team's proposed deal to sell its broadcast rights to generate desperately needed cash, Reuters wrote Wednesday.
3 min read · 02 November 2011
Yahoo Inc. is buying publicly traded, data driven advertising network Interclick Inc. for $270 million, or $9 per share, the companies announced. The cash deal is expected to close by early 2012. GCA Savvian Advisors acted as the lead financial advisor to interclick on the deal.
4 min read · 01 November 2011
Praesidian Capital has exited its investment in Lucky Strike Entertainment, a company that operates upscale bowling centers in the U.S. and Canada. Praesidian invested $11 million of senior secured debt in Lucky Strike in April 2009. Praesidian exited its investment when Lucky Strike obtained financing from a new lender. No terms were released.
2 min read · 01 November 2011
Global Brass & Copper Holdings Inc., a company which is backed by middle market buyout shop KPS Capital Partners, has filed with regulators to raise up to $150 million in an initial public offering of common stock.
1 min read · 01 November 2011
Adobe Systems Inc. has acquired video ad management and monetization technology maker Auditude Inc. Terms of the deal were not released, though media reports have put the sale price at around $100 million. Palo Alto, Calif.-based Auditude had raised venture financing from investors including Granite Ventures, Silicon Valley Bank, Greylock Partners and Redpoint Ventures.
4 min read · 01 November 2011
Wi-Lan Inc. has no plans to sweeten its hostile takeover bid for rival Canadian patent licensing firm Mosaid Technologies after U.S. private equity firm Sterling Partners topped its $532 million offer last week, Reuters reported. Mosaid agreed to be acquired by Sterling for C$590 million ($581 million), or C$46 a share, it said late on Thursday.
2 min read · 01 November 2011
Chinese daily deals website Lashou Group plans to raise up to $100 million in an initial public offering on the Nasdaq, Reuters reported Tuesday. The company, which launched in March 2010 with a Groupon-like business model, provides daily deals across 500 cities and towns in China. The proceeds of its planned IPO would be used to expand its marketing efforts and delivery systems, according to a filing to the stock exchange.
2 min read · 01 November 2011
Breckenridge Insurance Group, a specialty underwriting manager and wholesale insurance broker backed by Arsenal Capital Partners, has closed on $3.25 million in debt financing from Square 1 Bank. The company will use the funds for growth efforts. Arsenal Capital Partners is a New York-based private equity firm.
3 min read · 01 November 2011
