Private equity firms KKR and Apax Partners are teaming up to bid for French media group Vivendi's Brazilian telecoms subsidiary GVT, according to a Bloomberg report. The KKR-Apax group is said to be willing to pay as much as 5 billion euros ($6.8 billion) for GVT, below Vivendi's asking price of 8 billion, the report said. BTG Pactual Group , Latin America's largest investment bank, is "still considering" whether to join the bid, Reuters wrote.
2 min read · 31 January 2013
The sale of German insulation firm Armacell by its Bahrain-based private equity owner Investcorp has attracted six bidders as interest grows in companies making energy-efficient products, writes Reuters. Private equity investors Charterhouse, Pamplona, Equistone, HgCapital, Goldman Sachs Private Equity as well as a US-based producer of building materials have placed tentative bids, writes Reuters.
2 min read · 31 January 2013
Investor HgCapital has sold British pharmaceutical company Mercury Pharma to private equity firm Cinven for $732 million, writes Reuters. HgCapital bought the 25-year-old pharmaceutical firm, which sells niche prescription off-patent products in the UK, Ireland and the Netherlands, in 2009.
1 min read · 31 January 2013
H.I.G. Capital has sold car parts maker Anvis to Japan-based Tokai Rubber for 132 million euros ($177.91 million), writes Reuters. Financial terms of the deal were undiscosed.
1 min read · 31 January 2013
Johnson and Johnson is looking to sell most of its US feminine hygiene business, as it seeks to exit low-growth areas, but wants to keep its K-Y brand, writes Reuters. The diversified healthcare giant wants to unload its Stayfree and Carefree pads and o.b. tampons, according to Reuters.
2 min read · 31 January 2013
Endo Health Solutions has held talks in recent weeks with drugmakers potentially interested in buying the maker of pain relief medication, writes Reuters. The exploratory talks included parties such as Warner Chilcott and Valeant Pharmaceuticals International.
2 min read · 31 January 2013
Kinder Morgan Energy Partners LP will buy natural gas pipeline operator Copano Energy LLC for $3.22 billion to tap into growing demand for infrastructure to transport vast supplies from the shale fields of Texas and Oklahoma. Private equity firm TPG Capital, Copano's top shareholder with a stake of more than 14 percent, will get a 41 percent premium to its $300 million investment made in 2010, if the deal goes through, Reuters reported.
3 min read · 30 January 2013
Pervasive Software has agreed to be acquired by Actian Corp, after the privately held big data management company raised its earlier offer by about 8 percent to $161.9 million, writes Reuters. Actian will offer $9.20 in cash to Pervasive shareholders for each Pervasive share. Actian is backed by private equity firm Garnett & Helfrich Capital.
2 min read · 30 January 2013
Private equity firm Platinum Equity is exploring a sale of specialty auto parts manufacturer Keystone Automotive Operations, writes Reuters. Platinum Equity acquired Keystone through an out-of-court debt restructuring in 2011.
2 min read · 30 January 2013
A bid to take Dell Inc private by buyout firm Silver Lake and its partners underscores the financing market's willingness to lend up to $15 billion to the world's No.3 PC maker -- money that could be used to buy back shares and pay dividends even if the deal doesn't come together.
4 min read · 29 January 2013
