Jingle Punks Music LLC has raised an undisclosed amount of private equity funding from Hammerline Capital. The New York-based company publishes music for use in television, film, advertising and interactive to clients across the media and entertainment industries.
4 min read · 25 May 2010
NEW YORK (Reuters) - Private equity firm Kohlberg Kravis Roberts & Co. is planning to help underwrite the initial public offering of Dutch-based NXP Semiconductors, according to an updated regulatory filing on Monday. KKR is unusual among private equity firms in underwriting flotations. The private equity giant has had a capital markets team since 2007 and struck a deal last June with mutual fund giant Fidelity Investments to sell shares in IPOs to retail customers.
2 min read · 25 May 2010
3 min read · 25 May 2010
1 min read · 25 May 2010
MELBOURNE (Reuters) - Australia's tax office has delayed for the third time a final decision on taxing gains from private equity asset sales, after its draft rulings last year sent shockwaves through the country's $20 billion private equity industry. The decision was due on May 26, but a tax office spokeswoman said on Tuesday the rulings were delayed "until a government review of policy in this general area" has been completed. The Australian Taxation Office (ATO) hit U.S. private equity firm TPG Capital with a $628 million tax bill in November on the $1.4 billion profit it made on the sale of department store chain Myer (MYR.AX).
2 min read · 25 May 2010
DLJ South American Partners has led the acquisition of a 25% stake in Grupo Santillana de Ediciones SL, a provider of educational book publishing for the Latin American market, from Grupo Prisa. The deal was valued at $370 million. Other participants included Gavea Investimentos, Highbridge Mezzanine Partners, Magna Capital, Stichting Pensioenfonds Zorg en Welzijin and DLJSAP limited partners like Albright Capital Management, Honeywell Capital Management, Partners Group and PCGI.
4 min read · 24 May 2010
Denham Capital has agreed to sell its equity stake in Asphalt Holdings Inc. to NuStar Energy LP (NYSE: NS). The deal is valued at $44.1 million. AHI provides receipt, storage and distribution of asphalt and crude oil via marine vessels, barges, tank trucks and rail cars.
3 min read · 24 May 2010
3 min read · 24 May 2010
2 min read · 24 May 2010
CITG Capital Partners has sold branded merchandise distributor Evigna to Bensussen Deutsch & Associates Inc. No financial terms were disclosed. Cobblestone|Harris Williams advised Evigna on the sale.
2 min read · 24 May 2010
