Santander Consumer USA Holdings Inc , the U.S. consumer-finance arm of Spanish lender Banco Santander SA, is seeking a valuation of up to $8.4 billion in an initial public offering, Reuters reported.
2 min read · 09 January 2014
Private equity group Altor is eyeing a sale of Danish ship fuel supplier OW Bunker, possibly through a stock market listing, writes Reuters. OW Bunker secured a $700 million credit facility to support its growth strategy in the highly fragmented industry, presenting Altor with an attractive window of opportunity for a listing that could give the business a value of $1 billion.
2 min read · 09 January 2014
Apollo Global Management is looking to cash out on its investment in the owner of Lighthouse Investment Partners, three years it after it backed the fund-of-hedge-funds manager, writes Reuters. Disagreements over strategy and disappointment with Lighthouse's performance, however, have prompted the alternative asset manager to pursue an exit, writes Reuters.
3 min read · 09 January 2014
Private equity firm Dering Capital is in advanced talks to buy French broadcasting masts operator TDF, and is the last remaining bidder after a Canadian consortium dropped out, Les Echos reported on Wednesday.
1 min read · 08 January 2014
Activist hedge fund Elliott Management Corp said it offered to buy network gear maker Riverbed Technology Inc for $3.08 billion in cash, Reuters reported.
1 min read · 08 January 2014
Bain Capital Ventures and Spectrum Equity are expected to take minority stakes in healthcare software provider MedHOK for $77.5 million, according to people familiar with the matter, sister news service Reuters reported.
2 min read · 08 January 2014
The issuance of risky payment-in-kind (PIK) bonds will continue to surge in Europe in 2014, according to Moody's, even though the stronger equity market gives private equity firms other ways to extract cash from their LBO investments.
3 min read · 08 January 2014
Forest Laboratories is nearing an agreement to acquire specialty pharmaceutical company Aptalis Holdings from private equity firm TPG Capital for about $3 billion, writes Reuters. Aptalis has a number of drugs that treat cystic fibrosis and gastrointestinal disorders, and sells its products primarily in North America and Europe.
2 min read · 08 January 2014
Private equity firm Dering Capital is in advanced talks to buy French broadcasting masts operator TDF and is the last remaining bidder after a Canadian consortium dropped out, Les Echos reported on Wednesday, writes Reuters. Sources told Reuters in October that Dering had submitted a slightly higher first-round bid of about 3.6 billion euros ($4.9 billion) than the group led by Canadian pension fund PSP Investments.
1 min read · 08 January 2014
Jan 7 (Reuters) - Battery Ventures has lured away Adrian Cockcroft, the engineer who remade Netflix’s streaming-entertainment service, to become the venture-capital firm’s first technology fellow, affiliated news service Reuters reported.
1 min read · 07 January 2014
