Private equity firm Silver Lake has hired JPMorgan Chase & Co, Barclays Plc and Morgan Stanley to lead a potential initial public offering of Mercury Payment Systems LLC, sources told Reuters.
2 min read · 21 November 2013
Spain's biggest bank Santander on Thursday said it had reached an preliminary agreement to sell its property management unit Altamira Real Estate to U.S. private equity group Apollo Global Management, Reuters reported.
1 min read · 21 November 2013
Private equity firm Bain Capital LLC has ended advanced talks with auto parts supplier TI Automotive Ltd over a possible buyout after failing to meet TI's price expectations of close to $2 billion, sources told Reuters.
2 min read · 21 November 2013
French private equity firm PAI Partners is selling a 9 percent stake in IT services Atos through an accelerated bookbuilding process, writes Reuters. Morgan Stanley is acting as bookrunner on the placement of the 8.9 million shares, traders said.
1 min read · 21 November 2013
Nomura Holdings, Japan's largest brokerage, and the UK's Intermediate Capital Group, have agreed to form a joint venture to provide mezzanine debt to be used for acquisitions. Nomura and ICG will set up a new company and each will inject 10 billion yen ($100 million) into the fund, writes Reuters.
1 min read · 21 November 2013
Private equity firm New Mountain Capital LLC is exploring a sale of Inmar Inc, a provider of coupon processing and logistics services to companies, seeking more than $600 million, sources told Reuters.
2 min read · 20 November 2013
Goldman Sachs Group Inc's private equity arm is nearing a deal to acquire events services company PSAV Presentation Services for close to $900 million, sources told Reuters.
1 min read · 20 November 2013
Venture capitalist Tim Draper is stepping back from his investment role at Draper Fisher Jurvetson, the firm he founded in 1985, writes Reuters. Draper is known for investments such as Internet phone service Skype, now part of Microsoft Corp, and Chinese Internet company Baidu Inc.
2 min read · 20 November 2013
British cinema operator Cineworld Group said its chief executive and founder is to step down in March after 18 years with the business, writes Reuters. Steve Wiener, who has been in the cinema industry for 44 years, left his job as managing director of Warner Bros Europe to set up the business in 1995, growing it to a chain of 34 before it was bought by private equity group Blackstone in 2004, writes Reuters.
1 min read · 20 November 2013
Private equity firm Roark Capital Group has clinched a deal to acquire Apollo Global Management-based restaurant group CKE Inc, the parent of the Hardees and Carl's Jr fast food chains, writes Reuters. The deal values CKE at between $1.65 billion to $1.75 billion, writes Reuters.
1 min read · 20 November 2013
