Category: Deals

Private equity firms enter prelim bids for $6 bln stake in Hanon Systems

Private equity firms Carlyle Group CG.O and Bain Capital, as well as auto suppliers Valeo VLOF.PA and Mahle were among those that entered non-binding bids to buy a stake in South Korea’s Hanon Systems 018880.KS worth 6.6 trillion won ($5.81 billion) as of Tuesday, South Korean media reported. The bidders are looking into acquiring about […]

Cinven, Bain said to be battling it out for Rolls-Royce’s ITP Aero

Private equity firms Bain Capital and Cinven are reportedly battling it out in the final bidding for Rolls-Royce’s ITP Aero division, which could fetch around €1.5bn. Bloomberg cited people familiar with the matter as saying that the remaining bidders are courting local partners to join their offers for the Spanish aircraft-engine supplier and help win […]

Senior rejects Lone Star’s £840m takeover offer

Senior, the aerospace and defence group, has rejected a final takeover offer from US private equity firm Lone Star Global Acquisitions, describing it as “highly opportunistic”. Lone Star’s investment vehicle, LSF XI Investments, on Monday raised its proposed offer for the UK group to £840m. It said it had offered a fifth and final proposal […]

FinTech Acquisition Corp. IV Announces Stockholders Approve Business Combination With Perella Weinberg Partners

FinTech Acquisition Corp. IV (“FinTech IV” or “FTIV”), a special purpose acquisition company, announced that in a special meeting held today, its stockholders voted to approve the previously announced proposed business combination (the “Business Combination”) with Perella Weinberg Partners (“PWP”), a leading global independent advisory firm. Approximately 99.9% of the votes cast at the meeting, […]

Morrisons surges after £5.5bn offer

Shares in Wm Morrison surged by a third yesterday after a giant American private equity firm tabled a £5.5 billion offer for Britain’s fourth largest supermarket chain. The FTSE 250 group dismissed the approach from Clayton, Dubilier & Rice, but shareholders expect the buyout firm to return with a higher offer. The New York-based predator, […]

JPMorgan Asset Management buys timber investment firm with $5.3bn AUM

One of the biggest names on Wall Street is getting into the timber business, and a big part of its plan to make money involves less logging. JPMorgan Asset Management said on 21 June that it has acquired Campbell Global a Portland Oregon, firm that manages $5.3bn worth of timberland on behalf of institutional investors, […]

Blackstone Plans Subsidiary to List in the US Capital Markets

Blackstone Resources AG (SWX: BLS) is considering a extension of our battery interests in the subsidiary Blackstone Technology GmbH to list in the US market to raise additional capital and diversify its current investor base. At present, Blackstone Resources AG is listed on the Swiss SIX exchange (Symbol BLS) in Switzerland and has invested huge […]

Blackstone bids to buy office developer Soho China for $3B

Blackstone Group has made an offer to buyout Beijing-based developer Soho China Ltd. for $3.05 billion. If the deal goes through, it would be Blackstone’s biggest bet on China’s real estate market, according to Bloomberg. Blackstone offered HK$5 for each Soho China share — a 31.6 percent premium to the latter firm’s last closing price […]

SK Capital to sell Niacet for over USD1bn

An affiliate of funds advised by SK Capital Partners (SK Capital) is to sell Niacet Corp (Niacet) to Kerry Group plc, the global taste and nutrition company, for USD1,015 million (EUR853 million) on a cash-free, debt-free basis, subject to customary closing adjustments. Following the acquisition, Niacet will be integrated into Kerry’s global food protection and […]

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