Private Equity
Kenwood, a Japanese maker of audio equipment may reportedly seek financial backing from Cerberus to bid for JVC, a Japanese consumer electronic brand that TPG had been keen to acquire. Talks between TPG and JVC parent Matsushita are believed to have collapsed.
2 min read · 04 January 2013
UK-listed Oasis Healthcare’s board has accepted Duke Street Capital’s £76.9 million offer for the company. However, the deal could yet come under threat, after trade rival ADP Healthcare Services said it may submit a competing offer.
2 min read · 04 January 2013
Sovereign Capital has continued its buy-and-build strategy for Kinetics Group, the maintenance business it created earlier this year, with the £7.25 million bolt-on acquisition of gas maintenance company TA Horn.
1 min read · 04 January 2013
US buyout firm Bain Capital has won the race to buy Brake Bros, a UK food distribution business, from Clayton Dubilier & Rice, in a deal thought to be worth about £1.3 billion.
2 min read · 04 January 2013
A range of private equity firms have expressed interest in UK healthcare business Bupa’s hospital portfolio. The healthcare business is believed to be selling because of regulatory concerns that its hospital business is a conflict of interest with its insurance arm.
2 min read · 04 January 2013
Apax has sold its entire 21 percent stake in Spanish carrier Vueling Airlines, via a private placement run by Goldman Sachs. The sale has fuelled speculation that it will use the proceeds to finance a bid for Iberia, the Spanish airline currently being targeted by a TPG-led consortium.
2 min read · 04 January 2013
Global buyout firm The Carlyle Group has floated Transics, a European IT business, on Euronext Brussels. The flotation, which raised €46 million, is the first major exit for the firm’s €222m Europe Technology Partners fund.
1 min read · 04 January 2013
HM Capital became the latest in a slew of private equity firms to invest in distributors of yellow pages directories, when it announced an agreement to acquire Phone Directories Company. The investment is the first from HM’s new Sector Performance Fund.
2 min read · 04 January 2013
UK buyout firm 3i and Swedish buyout firm Litorina Kapital have sold Q-Matic to Nordic buyout firm Altor, making a nine times return on their initial investment and registering a 150 percent IRR over three years.
1 min read · 04 January 2013
Global buyout firm The Carlyle Group has floated Transics, a European IT business, on Euronext Brussels. The flotation, which raised €46 million, is the first major exit for the firm’s €222m Europe Technology Partners fund.
1 min read · 04 January 2013
