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Reuters - Massachusetts Court Allows Release of 1991 Romney TestimonyTestimony by Republican presidential candidate Mitt Romney in connection with the divorce of Staples Inc. founder Tom Stemberg two decades ago can be made public, a state court judge ruled on Thursday, Reuters reported. Romney provided testimony in 1991 on behalf of Stemberg, who was battling a post-divorce lawsuit. The court did not immediately release the documents - two inch-thick bundles of paper - leaving that to attorneys for Maureen Sullivan Stemberg, the ex-wife of Stemberg. She has disputed Romney's description of the value of the company, according to a film-maker who interviewed her.
- Reuters Exclusive: Gardner Denver Explores $3B Sale to TPG, KKR, Others
In a deal that may top $3 billion, industrial machinery maker Gardner Denver Inc. is exploring a sale and has drawn initial interest from TPG Capital, KKR, Blackstone, Bain Capital and Onex, according to an exclusive report from Reuters.
- Reuters - Carlyle Seals First Southeast Asia Deal
Carlyle Group is making its first investment in Southeast Asia, buying a stake of around 25 percent in a publicly traded Indonesian telecom towers operator for about $100 million, writes Reuters. The investment in PT Solusi Tunas Pratama TBK, Indonesia's fourth largest tower operator, underlines a growing trend of global private equity funds setting their sights on investing in Southeast Asia's biggest economy.
- Reuters - KKR Bets on Southeast Asia
KKR is opening a Singapore office, writes Reuters. The New York-based firm is pushing ahead with raising a $6 billion Asia private equity fund, which would be the largest such fund ever devoted to the region.
- LP Scorecard: Blackstone IV Is San Diego's Shining Star
Blackstone Capital Partners IV, a vintage 2003 buyout fund, is the top performer in the private equity portfolio of San Diego County Employees Retirement Association, according to performance data provided by the county as of March 30, 2012.
- Blackstone's APT Ups the Ante in US Dispute
American Petroleum Tankers, the shipping company that has alleged US government discrimination because of its private equity ownership, said it would order two new tankers should its $340 million loan guarantee application be approved, writes Reuters. APT, controlled by Blackstone Group, is trying to reverse a rejection of its financing application by the Maritime Administration at a time when private equity has been thrust into the spotlight as a result of Bain Capital co-founder Mitt Romney's candidacy for president of the United States, writes Reuters.
- BloomReach Secures Series C led by New Enterprise Associates
BloomReach, a creator of big data marketing applications, has secured $25 million in Series C funding, led by New Enterprise Associates. Existing investors including Lightspeed Venture Partners and Bain Capital Ventures, also participated in the third round, bringing BloomReach's total funding to $41 million to date. BloomReach is headquartered in Mountain View, CA.
- PE Shops Trawl European Markets for Fresh Deals
Buyout firms are scouring Europe for under-performing companies they previously shunned in search of profits that could help improve returns for their investors. Pressure to boost returns means these private equity groups are prepared to look at potential buyouts that require more homework and are higher risk and more complex.
- ScaleBase Seals $10.5M
ScaleBase has raised $10.5 million in Series B financing for its software, which is designed to scale and virtualize complex database environments. The company is backed by Bain Capital Ventures, Ascent Venture Partners and Cedar Fund. Bain Capital and Ascent Venture led the latest round, with participation from Cedar Fund. ScaleBase is based in Newton, Mass.
- Reuters - Telefonica Aims for $2 billion in German O2 IPO
Telefonica plans to list up to 23.17 percent of its O2-branded German unit at between 5.25 euros ($6.79) and 6.50 euros per share, valuing the stake at about 1.52 billion euros ($2 billion), writes Reuters. Telefonica said it will set the final price for the German listing on October 29, with the shares expected to begin trading on October 30.