Nordic Capital has sold Permobil to Investor AB. The transaction values the company at SEK5,500 million ($842 million).
1 min read · 28 March 2013
John Johnson, chief investment officer of the Wyoming Retirement System, was one of three defendants that had criminal charges brought against them Tuesday by federal prosecutors as a result of a government insider-trading probe.
4 min read · 27 March 2013
Brazilian oil company Petrobras is to auction off its stakes in Nigerian oil fields to raise cash for domestic projects, a deal that may fetch up to $5 billion, Reuters reported. The state-controlled company, formally known as Petroleo Brasileiro SA, has hired Standard Chartered to run the process, which will kick off in the next two months, banking and oil industry sources said.
3 min read · 27 March 2013
Kai Warn has been appointed new president and CEO of Husqvarna Group. Hans Linnarson, who was appointed president and CEO in 2011, will continue to work for the group until he retires early 2014. Warn was prevously operations partner at private equity firm IK Investment Partners.
1 min read · 27 March 2013
CBS is now the proud owner of iconic cable channel and TV program recommendation service TV Guide, writes Reuters. The media company acquired a 50 percent stake in TV Guide, which includes both the cable channel of the same name as well as TVguide.com.
1 min read · 27 March 2013
Dave Johnson finds himself once again pitted against a former employer, writes Reuters. In leading Blackstone Group's 11th-hour bid for Dell Inc, the acquisitions expert has seated himself across the table from ex-boss and company founder Michael Dell. Their relationship has now become a crucial element in the battle over the largest private equity-led buyout since the financial crisis, writes Reuters.
5 min read · 27 March 2013
KKR & Co. agreed to sell Intelligence Holdings to Temp Holdings for 68 billion yen ($721 million), almost double what the U.S. buyouts firm initially paid for the temporary staffing agency three years ago, Reuters wrote. Intelligence Holdings now has equity value of 51 billion yen, up from 32.5 billion yen at the time of KKR's purchase, the U.S. buyout firm said in a statement on Tuesday.
2 min read · 26 March 2013
Private equity group CVC Capital Partners is planning to float 25 to 30 percent of Belgium's postal service bpost this summer, Reuters reported. It would be the first sizeable initial public offering in Brussels since biotech firm Movetis raised 85 million euros ($109.5 million) at the end of 2009 and the largest there since zinc smelter Nyrstar raised 1.74 billion euros in October 2007.
1 min read · 26 March 2013
Yahoo has snapped up mobile news aggregator Summly, the latest in a string of small acquisitions intended to boost the Web portal's mobile services, writes Reuters. Summly was founded by 17-year-old Nick D'Aloisio two years ago from his home in London and sorts news by topics in quick bites for smartphones. Terms of the deal were not disclosed, though technology blog AllThingsD reported that Yahoo paid roughly $30 million, writes Reuters.
2 min read · 26 March 2013
Newspaper owners are running for the exits, writes Reuters. Spurred by signs of stabilization, thanks mainly to growing revenue from digital subscriptions, newspaper publishers, including the likes of Tribune Co and New York Times Co, are putting notable dailies - the Los Angeles Times, the Chicago Tribune and The Boston Globe - up for sale, according to Reuters.
4 min read · 26 March 2013
