Online gambling company Betfair has rejected a $1.4 billion takeover offer from private equity firm CVC Capital Partners and other investors, writes Reuters. Betfair said it had received a preliminary proposal on Friday from CVC, Richard Koch, Antony Ball and partners offering 880 pence per share in cash or an unlisted securities alternative made up of shares and loan notes in a new entity, writes Reuters.
2 min read · 22 April 2013
Shares of SeaWorld Entertainment Inc, backed by Blackstone Group LP, rose as much as 22 percent in their market debut, valuing the theme park operator at $3.05 billion.
2 min read · 19 April 2013
(Reuters) - Blackstone Group LP's (BX.N) SeaWorld Entertainment Inc raised $702 million in an initial public offering on Thursday, according to an underwriting source. At a valuation of $27 per share, Blackstone is set to make 2.6 times its investors' money, a source says.
2 min read · 19 April 2013
(Reuters) - Blackstone Group LP has ended its pursuit of Dell Inc., three people familiar with the matter said on Thursday, easing the way for founder Michael Dell and his private equity partner Silver Lake to go ahead with a $24.4 billion deal to acquire the world's No. 3 PC maker.
2 min read · 19 April 2013
Blackstone Group LP, the world's largest alternative asset manager, reported a 28 percent rise in first-quarter profit on Thursday as its real estate, private equity, credit and hedge fund units successfully sold assets.
2 min read · 18 April 2013
PowerbyProxi has raised $5 million from investors including TE Connectivity in Germany to develop applications for wireless power technology, according to VentureBeat, writes Reuters.
3 min read · 18 April 2013
(Reuters) - Private equity owners of Numericable have asked about 10 banks to pitch on a possible stock exchange listing this year that could value the French cable company at around 4 billion euros ($5.3 billion), three people with knowledge of the plan said. Numericable is owned by Cinven, Carlyle Group and Altice Group.
3 min read · 18 April 2013
(Reuters) Roper Industries Inc. is in advanced talks to buy Managed Health Care Associates, which is owned by private equity firm Diamond Castle Holdings LLC, for about $1 billion, two people familiar with the matter said on Wednesday.
2 min read · 17 April 2013
Buyout firm Fenway Partners is preparing sports helmet maker Easton-Bell Sports for a sale that could fetch as much as $900 million, according to sources, Reuters reports.
1 min read · 17 April 2013
High-end grocery store chain Fairway Market priced its initial public offering of 13.7 million Class A shares at $13 each, above its expected range, writes Reuters. The grocer, which raised $178.1 million from the offering, had expected to price the IPO at $10 to $12 per share.
1 min read · 17 April 2013
