U.S. private equity firm CCMP Capital Advisors is trying to sell Jamieson Laboratories about two years after buying the Canadian vitamin maker, sources told Reuters. CCMP, which has hired investment banks Houlihan Lokey and Nomura to facilitate the sale, has received some approaches from potential buyers. One source said Jamieson could go for a multiple of 12 to 14 times EBITDA.
2 min read · 03 May 2016
Bombardier Inc's dual-class share structure is vital to protect the long-term interests of the Québec-based aerospace and transportation company, and the Bombardier-Beaudoin family has no plans to relinquish its majority control, Reuters reported, citing a statement by Executive Chairman Pierre Beaudoin. Several major investors, including the Caisse de dépôt et placement du Québec, have pressed the Bombardier-Beaudoin family to reduce its voting control of the company, according to sources.
3 min read · 02 May 2016
Italy's Intesa Sanpaolo (ISP.MI) said on Monday it has signed a deal to sell its payments units Setefi and Intesa Sanpaolo Card to private equity firms Advent, Bain Capital and Clessidra in a deal worth 1.035 billion euros ($1.2 billion), Reuters News reported.
1 min read · 02 May 2016
For-profit education provider Apollo Education Group Inc (APOL.O) said a group of private-equity firms raised their cash offer for the company by 5 percent to $1.14 billion, Reuters News reported.
1 min read · 02 May 2016
Yahoo Inc has shortlisted close to 10 bidders in the auction for its core Internet assets, including Verizon Communications Inc, with most offers involving cash rather than a combination with another company, Reuters News reported.
2 min read · 02 May 2016
Halliburton Co (HAL.N) and Baker Hughes Inc (BHI.N) are expected to announce the termination of their merger agreement on Monday following opposition from U.S. and European antitrust regulators, Reuters News reported.
2 min read · 02 May 2016
Ares Management LP and Apollo Investment Corp, the business development company of Apollo Global Management LLC, are among those competing for the assets of American Capital Ltd, Reuters reported.
2 min read · 29 April 2016
Rovi Corp, a provider of digital television guides, said on Friday it would buy video recorder pioneer TiVo Inc in a $1.1 billion deal that brings together two video software players with deep patent portfolios, Reuters reported.
2 min read · 29 April 2016
Pacific Exploration & Production Corp said an Ontario court approved a US$500 million debtor-in-possession financing facility for the Canadian company and its units, hours after it filed for creditor protection, Reuters reported. The Ontario Superior Court of Justice also approved a US$134 million letter-of-credit facility and second-priority lien over assets under the facility, the oil and gas company said. Pacific Exploration reached a deal last week with creditors, including Canadian private equity firm Catalyst Capital Group, to convert almost all of its debt to equity after it missed an interest payment due in March.
2 min read · 28 April 2016
Comcast Corp, the owner of NBCUniversal, said on Thursday it would buy Hollywood movie studio DreamWorks Animation SKG Inc for $3.8 billion to boost its family-friendly offerings and help it take on No. 1 player Walt Disney.
2 min read · 28 April 2016
