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CD&R in $3bn instant IPOThe New York buyout firm today announced a substantial minority investment in the beauty-supplies division of publicly traded Alberto-Culver Company. The new company will be spun out as a public company listed on the New York Stock Exchange.
- CapVest, Blackstone in talks over £1bn Unilever unit
The two private equity firms are reportedly considering forming a consortium to make a £1bn bid for Unilever’s frozen foods business, which includes brands such as Birds Eye and Iglo.
- HgCapital exits Travelsphere for £155m
The London-headquartered private equity firm said it has returned a total of £50.1m to investors following the sale of UK travel operator Travelsphere to Electra Partners Europe.
- HgCapital completes its largest-ever deal
The London-headquarted mid-market firm has made the first investment from its latest fund with the £322m acquisition of Paragon Healthcare.
- Debenhams backers could make £1.8bn return
CVC Capital Partners, Texas Pacific Group and Merrill Lynch Private Equity are reportedly set to make total returns of £1.8bn through the realisation of a 60% stake in the retailer.
- Sequoia Capital and WestBridge merge for India
Silicon Valley-based Sequoia Capital has merged with India and US-focused venture capital firm WestBridge Capital Partners.
- KKR makes first investment in India
US buyout group KKR has entered into its first investment in India in a big splash, acquiring the software business of Flextronic International for $900 million.
- Advent sells Romanian pharma for $324m
India’s Ranbaxy Laboratories, unsuccessful in its bid for 3i’s German pharma business betapharm in February, has paid $324m for Advent International-backed Terapia.
- Lone Star picks up €1.4bn German NPL portfolio
Dresdner Bank has sold a second portfolio of real estate non-performing loans to Lone Star, which has teamed up with Merrill Lynch.
- Global PE deals near $500bn mark
Private equity-backed M&A increased markedly in 2005 with Europe seeing the lion’s share of deal volume.