After successive hurricanes have battered the Southern parts of the US, Stone Point, the team of former Marsh private equity pros, is getting back into the reinsurance business with the acquisition of a Chubb subsidiary.
Bain Capital and Thomas H. Lee decided to walk away from their $1.5bn School Specialty acquisition. The two sides had been renegotiating after the senior lenders that had originally committed to financing the deal balked at the end of last month.
The Central and Eastern Europe focused firm has fully divested its stake in the Slovakian mobile operator.
The US buyout outfit has completed what is believed to be the first acquisition of a controlling interest in a former Chinese state-owned enterprise by a private equity firm.
Providence, Rhode Island-based private equity firm Nautic Partners has acquired medical imaging management services group American Imaging Management, investing $37m in the company.
Australia’s Macquarie Bank and a private equity affiliate have won the auction of BBC Broadcast, the digital media services arm of British Broadcasting Corporation (BBC).
The second- and third-largest movie theater chains in the US, both of which are backed by private equity firms, reportedly plan to merge.
The two private equity giants have teamed with Haier Group, China’s largest maker of household appliances, in a $1.28 bid for Maytag, a struggling US maker of washing machines that already has a buyout deal inked with Ripplewood Holdings.
Castle Harlan Australian Mezzanine Partners has sold Australian Pacific Paper Products for A$75m, about three times the firm’s initial investment.
In the first deal to be made from its latest $3.3bn global buyout fund, Advent International has agreed to buy drilling equipment and services provider Boart Longyear from Anglo American.