Food maker Strauss Group and private equity firm TPG Capital are examining options for the sale of TPG's 25 percent stake in Strauss Coffee, writes Reuters. Strauss noted that TPG has held the stake for five years and said this was a natural process for private equity firms. TPG paid $293 million for the stake in 2008, writes Reuters.
1 min read · 04 July 2013
Stephen Feinberg has scrapped a bid for the maker of the Bushmaster rifle, which his private equity firm, Cerberus Capital Management LP, put up for a sale after one of its guns was used in the Newtown, Connecticut school shooting in December, a source tells Reuters.
1 min read · 03 July 2013
Michael Dell has been advised to raise his $24.4 billion offer for Dell Inc, coming under further pressure as billionaire investor Carl Icahn revealed he had committed more than $3 billion to back an alternative proposal, Reuters reported.
4 min read · 03 July 2013
Yahoo Inc said that it will buy Qwiki Inc, a mobile app for creating videos in Apple Inc's iPhone, as it tries to increase its presence in the world of smartphones and tablets, Reuters reported.
1 min read · 03 July 2013
Cengage Learning Inc, a large U.S. textbook publisher backed by Apax Partners and Omers Capital Partners, on Tuesday filed for bankruptcy protection, as part of a prearranged restructuring it said will help it eliminate more than $4 billion of debt, Reuters reported.
1 min read · 02 July 2013
Altegrity Inc, owned by private equity firm Providence Equity Partners, is looking to sell a division that provides background checks for private-sector employers and could fetch up to $1 billion, sources told Reuters.
2 min read · 02 July 2013
Carlyle Group LP is weighing an initial public offering of CommScope Holding Company Inc, a telecommunications equipment provider it took private for $3.9 billion less than three years ago, sources told Reuters.
3 min read · 02 July 2013
Billionaire investor Carl Icahn asked for a meeting with Dell Inc's special board committee after lining up $5.2 billion in loan commitments to back up his bid for a leveraged recapitalization of the personal computer maker, Reuters reported.
3 min read · 02 July 2013
Swiss drugmaker Roche is buying Constitution Medical Investors, a US developer of a testing system for blood diseases like anaemia and leukaemia, for an upfront $220 million, plus further contingent payments, writes Reuters. Boston-based CMI was created and funded by private equity firm Warburg Pincus and former Cytyc Corporation executives Patrick Sullivan and Daniel Levangie.
1 min read · 02 July 2013
Russia's state-backed private equity fund, the Russian Direct Investment Fund, plans to buy a stake in Rostelecom, writes Reuters. The Vedomosti business daily reported that the RDIF, together with Deutsche Bank, would buy a stake worth $250 million in Rostelecom, Russia's former fixed-line monopoly, without specifying the size of the stake, according to Reuters.
2 min read · 02 July 2013
