Hg Capital launched a 550 pence per share bid for domain name supplier Group NBT, Reuters reported. The deal, at a 22.5% premium to the company’s closing price Thursday, values Group NBT at about 153 million pounds ($235.8 million).
1 min read · 23 September 2011
Charlotte, N.C.-based private equity investor Tillery Capital has recapitalized Venture Technology Groups Inc., a Michigan-based maker of specialty flow control products. Terms of the deal were not released. Tillery Capital said that the management is keeping a “significant ownership” in the company.
2 min read · 23 September 2011
Yunfeng Capital, Silver Lake and DST Global said on Thursday they will buy shares in Alibaba Group, China's largest e-commerce company, by leading a tender offer for employee shareholders, option holders and certain other shareholders, Reuters reported. The deal would give Alibaba an enterprise valuation of about $32 billion, Reuters said.
3 min read · 23 September 2011
Insurer AXA is putting its private equity unity up for sale, Reuters reported, citing Sky News. The unit could reportedly fetch as much as 1 billion pounds ($1.5 billion).
1 min read · 23 September 2011
European private equity firm Cognetas is set to sell petrol station equipment provider Tokheim for 400 million euros ($547.6 million), Reuters reported. First-round bids for the Paris-based company are due in October. Cognetas bought Tokheim from Axa Private Equity in 2005 for around 250 million euros, backed by 220 million euros of debt, Reuters wrote. In 2007 Apax recapitalised the deal, bringing debt up to 265 million euros.
2 min read · 22 September 2011
Oracle is buying GoAhead, a maker of packaged service availability software for the communications industry. GoAhead has reportedly raised more than $40 million in venture capital from investors including Columbia Capital, Cedar Grove Investments, Intel Capital and Voyager Capital. Terms of the acquisition were not released. The deal is expected to close before the end of the year.
2 min read · 22 September 2011
South Korean trading company Samsung C&T is in talks to purchase oil company Parallel Petroleum, which is currently owned by Apollo Global Management, Reuters said. Samsung C&T is an affiliate of conglomerate Samsung Group. Parallel, based in Midland, Texas, develops and invests in "long-lived" oil and natural gas fields in West Texas and New Mexico, Reuters wrote.
1 min read · 22 September 2011
Airplane maker Airbus is in talks to buy a majority stake in a German supplier that is facing a liquidity squeeze, Reuters reported. The company, PFW, is owned by private equity company Safeguard International.
2 min read · 22 September 2011
Vista Equity Partners is paying $320 million to buy the healthcare unit of British software company Sage, Reuters reported. Sage will return all of the proceeds to shareholders through a share buyback program.
1 min read · 22 September 2011
Permira is buying a 61% stake of Netafim Ltd., an Israeli maker of irrigation systems, Reuters reported Thursday. The terms of the deal were not released. The firm is buying the stake from the kibbutzim Hatzerim, Yiftach and Magal and Israeli funds Markstone and Tene, Reuters reported.
2 min read · 22 September 2011
