Private Equity
3i has reaped the rewards of a successful turnaround at tool hire business HSS, after selling the business for £310 million. The buying consortium comprises Archie Norman’s investment vehicle and Och-Ziff, a hedge fund with a history of encroaching on the buyout space.
2 min read · 04 January 2013
Balderton Capital, the European venture firm that recently spun out of US group Benchmark Capital, has increased its stake in Codemasters, a UK-based video game develop, by buying out the company’s founders. The firm is simplifying the ownership structure ahead of a possible flotation.
2 min read · 04 January 2013
3i has reaped the rewards of a successful turnaround at tool hire business HSS, after selling the business for £310 million. The buying consortium comprises Archie Norman’s investment vehicle and Och-Ziff, a hedge fund with a history of encroaching on the buyout space.
2 min read · 04 January 2013
Duke Street Capital and a consortium of other buyout firms has had its £260 million bid for UK retailer CI Traders accepted – soon after the company rejected a bid from Alchemy Partners.
1 min read · 04 January 2013
Alliance Boots pension scheme trustees have reached a settlement from Kohlberg Kravis Roberts which secures the scheme for the next ten years. The agreement comes two days before the trustees reportedly planned to challenge KKR’s accepted takeover bid.
1 min read · 04 January 2013
Clothing company Jones Apparel Group is in talks to sell luxury department store Barneys New York to Istithmar for $950 million (€714 million). The Dubai-based firm has been active in the New York real estate market lately.
1 min read · 04 January 2013
London-based firm HgCapital has sold two software companies to US buyout firm Hellman & Friedman for an enterprise value of £500 million. The price is thought to represent a market multiple of four times.
2 min read · 04 January 2013
Stirling Square Capital Partners, a mid-market buyout firm backed by Citigroup, has moved to consolidate the financial security market by making a European bolt-on acquisition for portfolio company 3SI Security Systems.
2 min read · 04 January 2013
Clothing company Jones Apparel Group is in talks to sell luxury department store Barneys New York to Istithmar for $950 million (€714 million). The Dubai-based firm has been active in the New York real estate market lately.
1 min read · 04 January 2013
Mid-market private equity firm Lyceum Capital has completed a successful exit from UK nurseries business Asquith, after boosting earnings by 200 percent and increasing the workforce by more than half.
1 min read · 04 January 2013
