The London-based private equity firm has withdrawn from the bidding process for the British mining company.
Bain Capital has wrapped up its acquisition of FCI, the former connectors business of Areva. The acquisition has been valued at €1.067 billion, and required certain “social contracts” from Bain.
Elevation Partners, the entertainment- and IP-focused private equity upstart, has announced its debut deal – a proprietary, $300m merger and backing of two well known video game developers.
China Gas, the Hong Kong-listed piped gas distributor, has pulled in financing from foreign investment groups to develop natural gas projects in China.
The Northern European buyout firm has divested the last portfolio company in its EQT Finland fund.
The private equity firm’s London office has sourced its first deal in the Netherlands, acquiring a majority stake in CBI from existing shareholders including ABN AMRO Capital.
JF Lehman & Co. and Norwest Equity Partners are pursuing an infrastructure deal in Hawaii, acquiring two catamaran ferries in a $235m transaction as the initial step toward building the state’s first inter-island ferry service.
The Gores Group completed its purchase of Avure Technologies, acquiring the maker of high pressure presses from Flow International in a $15.3 million deal.
Two brothers of ousted Seibu chairman, Yoshiaki Tsutsumi, have reportedly launched a counter bid to the ¥160 billion offer Cerberus Capital Management and Nikko Principal Investments made for a significant stake in Japanese real estate and rail giant Seibu.
Warburg Pincus’ Targa Resources has completed its $2.45bn acquisition of Dynegy’s midstream services business. Hurricane Katrina-related damage to two of the company’s natural gas processing plants had threatened the transaction.
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