Private equity firm Ardian, which was recently spun off from French insurer AXA, has completed fundraising for a new 2.4 billion euro ($3.26 billion) buyout fund with fresh money from the United States and Asia, writes Reuters. Ardian said it had already committed 24 percent of the fund to six mid-market deals, writes Reuters.
1 min read · 03 October 2013
MoneyGram International Inc (MGI.O: Quote, Profile, Research, Stock Buzz) has decided to remain public after talks with private equity firms over a leveraged buyout did not result in an offer in line with its expectations, sources told Reuters.
2 min read · 02 October 2013
Swiss generic drugmaker Acino said it has accepted a takeover offer from Avista Capital Partners and Nordic Capital valuing the company at about 398 million Swiss francs ($439 million), writes Reuters.
1 min read · 02 October 2013
Enmetric Systems, a provider of plug load management solutions for the enterprise, has closed on a $1.5 million follow-on financing, writes Reuters. The round was led by Navitas Capital with participation from new investors including Azure International, Lakewest, Inc. (Belgravia Group, Ltd.) and several prominent angel investors.
2 min read · 02 October 2013
Fidelity Investments, a creditor of Energy Future Holdings Corp, has hired advisers to propose a restructuring plan for the Texas utility in the hope of saving it from a protracted bankruptcy, writes Reuters. Fidelity, which has amassed EFH bonds, is working on a proposal it aims to present this month, writes Reuters.
3 min read · 02 October 2013
The Coffee Bean & Tea Leaf, in which three private equity firms recently bought stakes, may consider an initial public offering or a strategic sale over the next few years as part of an exit strategy for investors, writes Reuters. The funding would allow the company to accelerate its growth plans in southern California and north Asia, writes Reuters.
3 min read · 02 October 2013
(Reuters) - Redpoint Ventures said on Tuesday it has hired Twitter's former head of platform Ryan Sarver to be a partner. Separately, Redpoint said it was promoting Tomasz Tunguz from principal to partner, and hiring Jamie Davidson, former vice president of product at Hotel Tonight, as senior associate.
1 min read · 01 October 2013
La Quinta Inns & Suites has attracted interest from a number of potential suitors that could value the Blackstone Group-owned budget hotel chain at as much as $4.5 billion, three sources with knowledge of the matter told Reuters. Firms looking at La Quinta include Apollo Global Management and hospitality holding companies, sources said.
2 min read · 01 October 2013
The Container Store Group Inc, a retailer of storage products, filed with U.S. regulators to raise up to $200 million in an initial public offering of its common stock, Reuters reported.
1 min read · 01 October 2013
Some of the world's largest private equity firms have made preliminary offers for Johnson & Johnson's Ortho Clinical Diagnostics unit, which makes blood screening equipment and laboratory blood tests and could fetch around $5 billion, sources told Reuters.
2 min read · 01 October 2013
