Ingersoll Rand nears $1.7 billion deal to sell golf cart business to Platinum Equity
Pumps and compressors manufacturer Ingersoll Rand Inc is nearing a deal to sell its golf cart business to private equity firm Platinum Equity LLC for around $1.7 billion, people familiar with the matter said on Sunday. The deal will separate Ingersoll Rand from a business it acquired in 1995. The deal would be a bet […]
Crown to sell majority stake in European packaging unit in $2.7 billion deal
Crown Holdings Inc has agreed to sell 80% of its European tinplate business to private equity firm KPS Capital Partners in a deal valued at 2.25 billion euros ($2.68 billion), the packaging products supplier said on Thursday. The company said it would receive pre-tax proceeds of about 1.9 billion euros from the deal, which it […]
Aramco Selling $12.4 Billion Stake in Oil Pipeline Rights Unit
Investors led by EIG Global Energy Partners LLC agreed to acquire a roughly $12.4 billion stake in a Saudi Aramco oil-pipeline rights company. The group will acquire a 49% equity stake in Aramco Oil Pipelines Co., a newly formed entity with rights to 25 years of rate payments for oil shipped through the Saudi oil […]
Logistics Company Syncreon Is Said to Weigh $1.5 Billion Sale
The owners of supply-chain services company Syncreon Holdings are exploring a sale of the company that could value it at as much as $1.5 billion, including debt, according to people with knowledge of the matter. Syncreon’s owners are working with an adviser to assist in the process, said the people, who asked not to be […]
Bayer to kick off sale of $2.4 billion pest control unit this summer
German chemicals group Bayer is preparing to kick off the sale of pest control unit Bayer Environmental Science (BES) this summer with a price tag potentially topping 2 billion euros ($2.4 billion), people close to the matter said. The agrichemicals giant, looking to reduce debt in the wake of its $63 billion purchase of U.S. […]
Blackstone may prefer Milestone sale
Further indicators are rising that Blackstone is transferring in direction of a sale fairly than a list of its $3.5bn Milestone Logistics Group as fairness capital market circumstances begin to cool for different preliminary public providing prospects. Sources say Blackstone has slowed its float plans proper down, leaving many much more sceptical that its $1.2bn-plus […]
Platinum Equity Weighing Sale of Singapore Electronics Maker PCI
Platinum Equity, a buyout firm founded by American businessman Tom Gores, is weighing exiting its investment in Singapore electronics manufacturing services provider PCI Pte, according to people with knowledge of the matter. The private equity firm is working with financial advisers to gauge interest from potential buyers, said the people, who asked not to be […]
Australia’s AMP to sell unit’s global equities arm to Canadian firm
Australian wealth manager AMP Ltd said on Tuesday it would sell the global equities business of its asset management arm to Canadian investment manager Fiera Capital for an undisclosed sum. As part of the deal, four-year old Global Companies Fund with more than $500 million of assets under management would be transferred to Fiera Capital. […]
Blackstone Is Said to Call Off Mphasis Stake Sale on Valuations
Blackstone Group Inc. has shelved a planned sale of its majority stake in Indian IT outsourcing services provider Mphasis Ltd. over valuations, according to a person familiar with the matter. The private equity firm rejected the two bidders in the final round as their offers didn’t meet its expectations, said the person, who asked not […]
Norsk Hydro Strikes $1.6 Billion Deal to Sell Assets to KPS
Norsk Hydro ASA, one of the world’s largest aluminum producers, is selling its rolling business to private equity firm KPS Capital Partners in the hope of improving profitability. Hydro will sell the operations, which include seven plants and about 5,000 employees, to KPS for an enterprise value of 1.38 billion euros ($1.6 billion). The divestment […]
