Britain's Centrica said it would sell its Texas gas-fired power stations to Blackstone for $685 million in cash and return the proceeds to investors by extending its share buyback program, Reuters reported.
2 min read · 18 December 2013
Shares of AMC Entertainment Holdings Inc, the U.S. theater chain controlled by Chinese billionaire Wang Jianlin, rose about 10 percent in their debut, valuing the company at $1.88 billion as it returns to public markets after nine years.
3 min read · 18 December 2013
IMS Health Inc has hired JPMorgan Chase & Co Inc (JPM.N) to lead a proposed initial public offering that could value the private equity-owned healthcare information company at close to $10 billion, according to people familiar with the matter.
2 min read · 18 December 2013
Ares Management has been pitched on the idea of an initial public offering for the past year, but the firm that had been widely expected to be the next among major private equity firms to go public has no plans to pull the trigger just yet, writes Reuters. Sources familiar with Ares, which has about $70 billion in assets under management, said major Wall Street banks have been calling on the firm to discuss the merits of an IPO.
5 min read · 18 December 2013
Swedish private equity firm Nordic Capital and Denmark's TryghedsGruppen are in a consortium preparing to bid for Europe's second-largest card payment services company Nets, Reuters reported.
2 min read · 17 December 2013
Atlas Mara, a new shell company backed by the former boss of Barclays Bob Diamond, said it had raised gross proceeds of $325 million by listing on the London Stock Exchange.
1 min read · 17 December 2013
KKR said it would acquire its specialty finance company KKR Financial Holdings in a $2.6 billion deal, paid for with KKR shares trading at an all-time high, that will boost the private equity firm's dividends, writes Reuters. Launched by KKR in 2004 to invest primarily in a variety of corporate loan and bond instruments, KFN now has a market value of $1.9 billion, a fraction of KKR's $17.7 billion market capitalization.
3 min read · 17 December 2013
Valeant Pharmaceuticals International said on Monday that it would buy Solta Medical Inc for about $236 million in cash to add products for procedures such as skin rejuvenation, skin tightening and body contouring, Reuters reported.
2 min read · 16 December 2013
The planned sale of Parex, the industrial mortars business of construction company Materis, has stalled after bids failed to meet price expectations of about 1 billion euros ($1.37 billion), Reuters reported.
1 min read · 16 December 2013
Blackstone, CCMP Capital and Investcorp are the remaining candidates in a bid to buy a stake in Italy's Versace, sources told Reuters.
2 min read · 16 December 2013
