VCJ Staff
Taiwan plans to take a closer look at private equity deals in which firms acquire more than 25% of a controlling stake in both publicly-traded companies and companies that need a government franchise, such as telecom carriers, banks, radio and TV companies, Taiwan Economic News reports. According to Shih Yen-shiang, vice minister of economics, the […]
Belgian private equity shop GIMV plans to hold exclusive talks with Navios Maritime Holdings Inc. regarding the sale of its 24% stake in shipping company Kleimar NV, according to AFX, a news service owned by Thomson Corp. (publisher of PEHub.com). Navios is also trying to acquire the remaining 76% of the company held by Sea-Invest […]
A consortium of investors that includes Goldman Sachs Capital Partners and Kohlberg Kravis Roberts & Co. has closed the purchase of KION Group, the Germany-based forklift division of Linde AG. The price was 4 billion Euro ($5.2 billion). With 20,000 employees, KION Group generated sales of about 3.6 billion Euro ($4.7 billion) in its 2005 […]
Several mega-buyout firms yesterday unveiled more details about their new association, the Private Equity Council, including the selection of veteran lobbyist Douglas Lowenstein as president and CEO. Lowenstein, who plans to start in February, is president of the Entertainment Software Association, a trade association of U.S. video-game companies. The founding members of the council include […]
Avista Capital Partners has inked a definitive agreement to acquire the publisher of the Star Tribune newspaper in Minneapolis/St. Paul from The McClatchy Company (NYSE: MNI) for $530 million. The Star Tribune has a daily circulation of more than 360,000 and a Sunday circulation of about 600,000, making them the 14th largest daily paper and […]
Wynnchurch Capital Partners and Oak Hill Special Opportunities Fund have signed a definitive agreement to acquire Highway Technologies Group from United Rentals Inc. (NYSE: URI). The Wall Street Journal pegged the sale price at $85 million. Highway Technologies Group provides traffic safety services and equipment used in road repair and maintenance. The buyout firms expect […]
CPAC Inc. (NASD: CPAK), purveyor of everything from brooms and mops to imaging equipment, said it would be acquired by Buckingham Capital Partners II LP for $42.8 million. The New York private equity firm also plans to take on about $6.7 million in debt, giving the company an enterprise value of about $49.5 million. Founded […]
KSL Capital Partners reached the 19th hole on its acquisition of ClubCorp Inc., completing a buyout of the owner of resort and golf properties. The purchase price was $1.8 billion, according to Crain s Chicago Business. The nearly 50-year-old company, based in Dallas, owns or operates nearly 170 golf courses, country clubs, private business clubs, […]
U.K. buyout shop 3i Group PLC said today it has agreed to acquire Netherlands-based Dockwise Transport NV, transporter of heavy machinery for the marine oil-and-gas industry, in a deal valued at about $700 million, Dow Jones reports. Heerema Group, a Dutch oil-and-gas services company, and Wilhelm Wilhelmsen ASA, a Norwegian shipping company, are the sellers. […]
Hedge fund manager GSO Capital Partners is slated to close on a deal today to buy more than 240 Burger King restaurants from Burger King s second-largest franchisee, Heartland Food Corp., according to The Miami Herald. The sale price is $155 million. Heartland Food Corp., launched to buy troubled Burger Kings and get them back […]