VCJ Staff
Cerberus, Lone Star Funds and BayernLB have been short-listed to bid for Austrian bank Bawag, according to AFX. The sale is expected to be worth at least Euro 2.5 billion.
The Blackstone Group has agreed to acquire Chicago-based office building owner and manager Equity Office Properties Trust (NYSE: EOP) for $48.50 per share. The total deal is valued at approximately $36 billion, with acquisition financing to be led by Goldman Sachs, Bank of America and Bear Stearns. www.blackstone.com www.equityoffice.com
HCA Inc. (NYSE: HCA), a Nashville, Tenn.-based hospital company, has been acquired by Bain Capital, Kohlberg Kravis Roberts & Co., Merrill Lynch Global Private Equity, HCA founder Dr. Thomas F. Frist, Jr. and HCA management. The total deal was valued at approximately $33 billion, including the assumption or repayment of approximately $11.7 billion of debt. […]
Audax Group has acquired AAMP of America from ICV Capital Partners for an undisclosed amount. AAMP is a Clearwater, Fla.-based maker of 12-volt mobile audio after-market accessories.
Leonard Green & Partners has agreed to buy David's Bridal from Federated Department Stores (NYSE: FD) for approximately $750 million. Federated also will sell its tuxedo business to Men's Wearhouse for approximately $100 million. Both transactions are expected to close in Q1 2007. www.fds.com
Cinven has agreed to acquire Sweden-based in vitro testing company Phadia AB from PPM Capital and Triton Partners for Euro 1.285 billion. The deal is expected to close in January, with leverage being provided by The Royal Bank of Scotland, Bayerische Hypo and Vereinsbank AG and UBS. www.cinven.com www.phadia.com
HCA Inc. (NYSE: HCA) shareholders yesterday approved a $51 per share buyout offer from private equity firms KKR, Bain Capital and Merrill Lynch Global Private Equity. Around 82% of shareholders voted, with 73% of them voting in favor of the deal. The deal could close as early as tomorrow.
Norvestor has agreed to acquire a 70% interest in BecoTek, a Norway
There has been plenty of discussion recently among entrepreneurs and VCs regarding bridge loans for startups, also know as “converts”. Josh Kopelman wrote a nice post here, and Matt Marshall posted a bridge loan calculator for entrepreneurs here. Lots of people ask us our views on these structures, because we’re focused only on Seed and […]
I was fortunate enough to visit two great conferences here in sunny San Diego during the last week of September, DEMOfall and ASIS, and then Consumer Technology Ventures more recently. In case some of you don’t know: DEMOfall (or “Demo”) and CTV are all about startups pitching their new products, mostly software, to VCs and […]