VCJ Staff
The Italian Treasury announced that five bidders have made the shortlist to acquire airline carrier Alitalia. They are: Texas Pacific Group, MatlinPatterson Global Advisors, Goldman Sachs/Cerberus, Unicredit and AP Holding. Terra Firma was among six bidders that didn't make the first cut.
Vestar Capital Partners has agreed to acquire an equity position in AZ Electronic Materials, a Luxembourg-based supplier of electronic materials to the flat panel display and integrated circuit markets. The company was acquired by The Carlyle Group in 2004, and now will be jointly owned by Vestar and Carlyle as equal partners. AZ management also […]
AXA Private Equity has acquired an undisclosed stake in Trecobat Group, a Brittany, France-based homebuilder. No additional details were released. www.axaprivateequity.com
Sun European Partners has acquired Manoir Industries, a France
Sindicatum Carbon Capital Ltd., a UK-based developer of greenhouse gas abatement projects worldwide, has raised an undisclosed amount of private equity funding from Citigroup Venture Capital International and Black River Asset Management (subsidiary of Cargill). No financial terms were disclosed.
ThermaSource, a Santa Rosa, Calif.-based provider of drilling, engineering and consulting services to the geothermal energy sector, has raised an undisclosed amount of growth capital from US Renewables Group, Riverstone Holdings and The Carlyle Group. www.thermasource.com
Seminole Energy Services LLC, a Tulsa, Okla.-based retail gas marketing company, has raised $55 million in private equity funding from The Stephens Group. www.seminoleenergy.com www.stephensgroup.com
Oracle Corp. (Nasdaq: ORCL) has paid $1.08 billion to increase its stake in I-Flex Solutions Ltd. to 82.9 percent. Oracle had announced in 2005 that it would acquire a 61% stake, by acquiring Citigroup Venture Capital's 40% stake, plus an additional 20% from public shareholders. A recent regulatory filing, however, indicates that it only held […]
Cinven may or may not be considering a buyout bid for Wolseley PLC, a listed UK-based distributor of plumbing and heating equipment. London newspaper City AM reported that Cinven was prepping a Gbp10 billion bid, which sent Wolseley shares up 8.5%, giving it a market capitalization of approximately Gbp9.1 billion. AFX News has since countered […]
Avista Capital Partners has agreed to acquire BioReliance Corp. from Invitrogen Corp. (Nasdaq: IVGN) for approximately $210 million. BioReliance is a Rockville, Md.-based contract service organization providing biological safety testing, toxicology, viral manufacturing, and laboratory animal diagnostic services to the global pharma market. The transaction is expected to close next quarter. www.avistacap.com www.bioreliance.com