US consumer products company Jarden Corp has agreed to buy scented candle maker Yankee Candle Company for $1.75 billion, the Wall Street Journal reported, writes Reuters. Jarden is buying the company from private equity firm Madison Dearborn Partners, which acquired Yankee Candle for $1.6 billion in 2006.
1 min read · 03 September 2013
Chinese-Italian private equity fund Mandarin Capital has sold its 7.57 percent stake in packaging machinery company IMA at 18.6 euros per share, writes Reuters. Mandarin Capital said it had placed its stake through an accelerated book building procedure.
1 min read · 03 September 2013
Citigroup has sold more than $6 billion in private equity and hedge fund assets in the past month to comply with new regulations that limit such investments, the Wall Street Journal reported, writes Reuters. Citigroup last week sold a $4.3 billion private equity fund known as Citi Venture Capital International for an undisclosed price to Rohatyn Group, a private equity fund run by Nick Rohatyn, according to the Journal.
2 min read · 03 September 2013
Some U.S. public pension funds are pressuring TPG Capital LP and Apollo Global Management LLC to share more of the fees they withdraw from loss-making casino operator Caesars Entertainment Corp, in a rare display of activism against private equity firms, Reuters reported.
6 min read · 03 September 2013
Vodafone's exit from the United States in a $130 billion deal expected to be sealed on Monday will give it a war chest to make acquisitions even after it rewards its shareholders, writes Reuters. The board of Verizon Communication will meet on Monday morning New York time to vote on buying out Vodafone from its joint venture, meaning a full announcement could come after the London market close, writes Reuters.
5 min read · 02 September 2013
US hedge fund Coastal Capital joined debt specialists circling Billabong International Ltd seeking a board spill, as rival investors eye the proceeds from a potential debt restructure rather than equity from a long-term turnaround, writes Reuters. Billabong's shares jumped 14 percent to A$0.48 ($0.43) after shareholder Coastal said it wanted to ditch and replace the majority of the board as well amend the company's constitution for member approval of future debt and equity financing arrangements, writes Reuters.
3 min read · 02 September 2013
General Electric Co plans to spin off the U.S. consumer lending operations of its finance arm GE Capital, as the conglomerate moves to focus on its core industrial operations, a source told Reuters.
2 min read · 30 August 2013
Luxembourg-based satellite TV business M7 is seeking to raise a 355 million euro ($469.5 million) loan to refinance its debt and pay a large dividend to its private equity owners, banking sources told Reuters.
2 min read · 30 August 2013
A number of private equity firms and at least one investment management firm are expected to bid for Munder Capital Management in a deal that could be valued up to $400 million, sources told Reuters.
2 min read · 30 August 2013
ITC Nexus Holding Co, which sells products to measure blood clotting in patients undergoing anticoagulation therapy, on Friday said it had acquired Accumetrics and its products used to assess patient responses to clot-prevention therapies, Reuters reported.
1 min read · 30 August 2013
