Hertz Global Holdings' private equity investors Clayton, Dubilier & Rice, Carlyle Group and Bank of America Merrill Lynch have sold off their remaining shares in the car rental agency for $1.24 billion, writes Reuters. CD&R, Carlyle and Bank of America Merrill Lynch sold 49.8 million shares for $24.96 each. Before the sales, CD&R and Carlyle were the second and third largest shareholders in Hertz, respectively, according to Thomson Reuters data.
1 min read · 07 May 2013
Business software maker BMC Software Inc, whose anemic growth has been a source of frustration for its largest shareholder, said it would be taken private by a group led by Bain Capital and Golden Gate Capital for about $6.9 billion, Reuters reported.
3 min read · 06 May 2013
Apollo Global Management LLC reported a 72 percent increase in first-quarter profit, its best quarterly results as a publicly listed alternative asset manager, as it took advantage of favorable capital markets to exit investments, Reuters reported.
3 min read · 06 May 2013
Earthbound Farm Organic, the largest grower of organic produce in the United States, is exploring a sale of the company, Reuters is reporting. Earthbound Farm, which is backed by Kainos Capital, has hired Barclays to sell the company, Reuters says.
2 min read · 06 May 2013
Claire's Inc., the jewelry and accessories retailer backed by Apollo Management, has filed to raise up to $100 million in an initial public offering, Reuters is reporting.
1 min read · 06 May 2013
Private equity firms TPG Capital and Warburg Pincus LLC are exploring a sale or a public offering of Neiman Marcus Group Inc, according to a Bloomberg News report late on Sunday.
1 min read · 06 May 2013
A private equity group made up of Bain Capital and Golden Gate Capital Corp are nearing a deal to acquire BMC Software and an announcement could come as early as Monday, sources tell Reuters.
2 min read · 06 May 2013
The head of the U.S. Securities and Exchange Commission's national examination program is leaving the agency, in what marks the latest major personnel change since Mary Jo White took over as head of the SEC last month, the SEC said Thursday. Carlo di Florio, who was hired more than three years ago to help revamp the agency's examinations program in the wake of the Bernard Madoff scandal, is leaving to lead a new risk and strategy division at the Financial Industry Regulatory Authority, the Wall Street industry-funded brokerage watchdog. He will be replaced by Andrew Bowden, who currently serves as deputy director of the SEC's Office of Compliance, Inspections and Examinations.
3 min read · 03 May 2013
Singapore state investor Temasek Holdings Pte Ltd is in talks to buy a stake worth around $500 million in London-based financial data provider Markit Group, Reuters reported.
2 min read · 03 May 2013
Activist investor Edward Bramson has raised his stake in UK private equity company 3i to 4.9 percent, piling pressure on Chief Executive Simon Borrows just weeks before he marks his first year in charge of the troubled firm. Sherborne Investors, the investment vehicle run by the media-shy entrepreneur, now controls just over 47.5 million shares in 3i, acquired at a cost of around 127 million pounds ($197 million), Sherborne said in a statement on Friday. New Yorker Bramson is famous for forcing through management shake-ups at his target companies and raised 207 million pounds in November to buy shares in an unspecified listed company it considered undervalued.
2 min read · 03 May 2013
