Private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co are near a deal to buy snack cake brands including Twinkies from bankrupt Hostess Brands Inc, according to a source familiar with the matter.
1 min read · 29 January 2013
French payment terminal group Ingenico SA said on Tuesday it had agreed to buy online payment services provider Ogone from investment firm Summit Partners for an enterprise value of 360 million euros ($484.59 million), Reuters reported. Ingenico said it expected the deal to generate 20 million euros in additional earnings before interest, taxes, depreciation and amortisation by 2015.
1 min read · 29 January 2013
Finnish mobile phone maker Nokia said on Tuesday it would invest $250 million in a new venture fund for mobile technology startups, Reuters reported. It would be the third fund for Nokia Growth Partners, Nokia's global venture firm which invests in mobile hardware and component companies as well as digital advertising startups. Nokia Growth Partners had $600 million under management, according to its website.
1 min read · 29 January 2013
Vince, a contemporary sportswear brand owned by private equity firm Sun Capital Partners, is exploring an initial public offering later this year, writes Reuters. The company is working with banks including Goldman Sachs Group Inc and UBS AG, according to Reuters.
1 min read · 29 January 2013
Private equity firm Terra Firma will return 3 billion euros ($4 billion) to investors through disposals within the next 12 to 18 months, the Financial Times reported on its website on Sunday, writes Reuters. Terra Firma, founded by Guy Hands, will also persevere with a 3 billion euro fund to buy green infrastructure assets, less than the 5 billion originally planned, after China Development Bank failed to commit to the fund, the FT said.
1 min read · 28 January 2013
Siemens has picked Goldman Sachs to advise on the sale of its Water Technologies unit, writes Reuters. Siemens and Goldman Sachs declined to comment.
2 min read · 28 January 2013
Quintiles Transnational Corp, a provider of contract research for the pharmaceutical and biotechnology industries, is speaking to banks about a potential initial public offering, writes Reuters. JPMorgan Chase and Deutsche Bank are among the banks vying for a role, writes Reuters.
3 min read · 28 January 2013
Shares of Bain Capital-backed Bright Horizons Family Solutions Inc. rose as much as 30 percent in their market debut on the New York Stock Exchange as investors focused on the largest U.S. child-care provider's leadership in a growing niche market.
3 min read · 25 January 2013
Hostess Brands Inc plans to submit an agreement next week to sell its Drake's cake business as part of its bankruptcy reorganization, a lawyer for the company said on Friday. PE bidders are said to still be interested...
2 min read · 25 January 2013
Business software maker Compuware Corp. turned down hedge fund Elliott Management Corp's proposal for a $2.3 billion buyout, choosing instead to proceed with spinning off a non-core unit, Reuters reported. Paul Singer's Elliott Management had offered in December to buy Compuware for $11 per share, raising questions about the management of the company.
2 min read · 25 January 2013
