Terra Firma Capital Partners, the buyout group run by dealmaker Guy Hands, is close to agreeing a deal to sell its Northern Irish gas distribution company Phoenix Energy Holdings Group to Hastings Funds Management, Bloomberg reported on Thursday.
1 min read · 02 August 2013
Dell Inc's special committee and the buyout group led by company founder and Chief Executive Michael Dell are close to an agreement that would help clear passage of the deal, a source told Reuters.
4 min read · 02 August 2013
Activist investor Carl Icahn filed a lawsuit on Thursday to try to block Dell Inc from setting a new record date ahead of a crucial shareholders' vote, raising the stakes in a battle to derail a $24.4 billion buyout of the world's No. 3 PC maker, Reuters reported.
1 min read · 01 August 2013
Apollo and TPG Capital are among the private equity funds holding the debt of German property company IVG with a view to taking control as last-ditch talks with creditors near an end, sources told Reuters.
3 min read · 01 August 2013
Some of Dell Inc's largest investors who have abstained from voting on a $24.4 billion bid led by founder Michael Dell to take the No. 3 PC-maker private told the company's board this week that they would back the deal at the buyout group's latest offer price, sources told Reuters.
3 min read · 01 August 2013
After the collapse of the DBS deal, the best bet of Singapore sovereign investor Temasek Holdings TEM.UL to sell its stake in Bank Danamon Indonesia Tbk PT is to find a Japanese or Chinese bank keen to expand in Southeast Asia's biggest economy, Reuters reported.
4 min read · 01 August 2013
Private equity firm American Securities LLC is exploring a possible sale of specialty chemicals manufacturer General Chemical Corp that could fetch more than $1 billion, sources told Reuters.
2 min read · 01 August 2013
Hedge fund manager William Ackman unveiled his biggest bet ever on Wednesday, a $2.2 billion play on Air Products & Chemicals Inc that the billionaire trader kept secret for two months, Reuters reports.
5 min read · 01 August 2013
Credit Suisse Group AG is in advanced talks to sell a private equity business to Grosvenor Capital Management LP as the bank adapts to stricter rules for managing capital and risk, a source tells Reuters.
2 min read · 01 August 2013
Automotive dealer software company Reynolds & Reynolds, a portfolio company of Vista Equity Partners, cut pricing guidance on its $3.4 billion dividend recapitalization loan, sources told Reuters.
2 min read · 01 August 2013
