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.
The Oslo-based mid-market investor has made more than 3x its original investment on the sale of a Norwegian oil services company.
The London, Amsterdam and Frankfurt-based mid-market buyout investor has agreed its third deal in Germany in 2005.
The Dutch lower midmarket firm has backed the spin out of the payment processing company from mail company TNT.
The Blackstone Group, Bain Capital and Thomas H. Lee Partners have teamed up with Cumulus Media to acquire Susquehanna Radio in $1.2bn deal.
The $2.6bn buyout of Agilent is not yet finished, but KKR and Silver Lake have already agreed to unload Agilent’s storage division through a $425m sale to PMC Sierra.
US hedge funds have teamed with Goldman Sachs to invest in the management buyout of the UK budget clothing retailer.
If it completes, the deal will be the largest-ever LBO of a firm operating in the UK professional services sector.