Private equity giant Apollo closes in on £1.6bn takeover of John Wood Group
The oil and gas engineering giant John Wood Group is close to opening talks for a £1.66 billion takeover by US private equity group Apollo. Wood has rejected four proposals from Apollo but is warming to a fifth and final proposal made this month. Having refused to engage with the bidder, it has, in recent […]
McAfee Brings $3.3 Billion of Junk Bonds to Finance Buyout
McAfee Corp. came forward with a $3.3 billion two-part bond deal on Monday to help finance its leveraged buyout by a group of private equity firms, according to people with knowledge of the matter. The cybersecurity software maker is selling $1 billion of seven-year secured notes and $2.32 billion eight-year unsecured bonds, the people said, […]
Spanish fertility firm IVI-RMA attracts buyout bids worth $2.2 billion
Buyout funds including KKR and Permira are lining up preliminary bids worth up to 2 billion euros ($2.24 billion) for Spain’s IVI-RMA, sources told Reuters, amid growing demand for companies offering fertility treatment in Europe. Bain Capital, CVC Capital Partners, Carlyle and PAI Partners are also looking to submit offers for a controlling stake in […]
KKR steps up pursuit of UK companies amid private equity buyout frenzy
KKR is expanding its operations to target more takeovers in the UK, as the record-breaking pursuit of British companies by private equity groups reignites a debate over the role of the buyout industry in the economy. KKR will set up a new team of five dealmakers to focus on buying British companies, the heads of […]
Private equity firm Novalpina Capital buys Maxbet Romania
London-based private equity firm Novalpina Capital acquired Romanian gambling operator MaxBet, the Romanian company said on Thursday. Following the transaction, the MaxBet Romania group will benefit from the expertise and experience of Novalpina Capital, which has a strong presence in multiple fields of activity, such as healthcare, B2B, software and gambling, it said in a […]
Irish Life remains in the running to buy Davy
Irish Life remains in the running to buy stockbrokers Davy, despite being ruled out some weeks ago. Paul Mahon, the chief executive of Irish Life’s parent Great-West Lifeco, told analysts last week that it is still chasing opportunities including “maybe picking up a small tuck-in wealth manager in Ireland”. Bids of up to €400 million […]
KKR-Domain’s $3.1b offer upends PEXA process
KKR and its junior consortium partner Domain Holdings are trying to force a quick decision by the owners of electronic conveyancing group PEXA as it heads into the final stages of a dual-track strategic review, weighing up whether to offload the business in a trade sale, or float the entity onto the ASX. Link Group, the largest […]
Australia’s Star makes $7 billion play for Crown, taking on private equity giants
Australian casino operator Star Entertainment Group on Monday proposed an all-stock buyout of larger rival Crown Resorts Ltd that it valued at A$9 billion ($7 billion), vying with two private equity giants for control of the troubled target. No. 2 casino player Star said it was proposing to give 2.68 of its shares for each […]
Tribune Publishing receives $680 million buyout offer from Newslight
Tribune Publishing Co has received a $680 million takeover offer from Newslight LLC, a bid that trumps an earlier proposal from hedge fund Alden Global Capital for the owner of the Chicago Tribune and the New York Daily News. Tribune said in a statement on Monday that its board had determined that the $18.50 per […]
News Corp inks Australia Facebook deal, signalling truce after blackout
Rupert Murdoch’s News Corp reached a content-supply deal with Facebook Inc in Australia, a step toward settling a dispute that saw the social media giant briefly shut down thousands of pages in the country, which makes News Corp the first major media outlet to strike a Facebook deal under controversial new laws that let an […]
