VCJ Staff
Tinicum Capital Partners has acquired Western Pneumatic Tube Co., a Kirkland, Wash.-based custom, welded tube mill. No financial terms were disclosed. The seller was Superior Group Inc., which was advised on the sale by Brown Gibbons Lang & Company. www.tinicum.com www.wptube.com
Siemens may reconsider plans to float up to half of its automotive engineering unit, after receiving buyout interest from both strategic and financial bidders. German cart parts maker Continental reiterated its interest, while The Financial Times reports that possible LBO suitors could include KKR, Bain Capital and Permira.
Home Depot may reconsider its decision to sell HD Supply, according to The Deal. The report says that the retailer has received multiple bids for the unit
Erinaceous Group PLC (LSE: ERG), a UK-based property services group, confirmed that it has received preliminary buyout approaches. Various news reports suggest that 3i Group is among the suitors, with a management buyout approach that would value Erinaceous at around
Sallie Mae (NYSE: SLM), the nation's largest provider of college loans, is in talks to be acquired for more than $20 billion, according to The New York Times. The report says that possible buyers include The Blackstone Group and an unnamed financial services firm. www.salliemae.com
Bain Capital is facing some shareholder opposition to its proposed $3.5 billion buyout of South African retailer Edgars Consolidated Stores Ltd. (Edcon). PIC, which holds a 10.1% stake, says that it is voting against the deal, as are Templton Asset Management (3%), Aberdeen Asset Mangement (2%) and Columbia Wagner Asset Management (2%). If completed, the […]
Countrywide PLC shareholders have approved a Gbp1.05 billion buyout offer from Apollo Management. The UK-based property and financial services company's shareholders previously rejected an offer from 3i Group.
CVC Capital Partners reportedly may bid for listed Spanish cigarette maker Altadis SA, which earlier this week rejected a Euro 16.2 billion bid from UK-based Imperial Tobacco Group PLC. Other participants in the consortium could include PAI Partners and Cinven.
Apax Partners reportedly is considering an offer for Spanish air carrier Iberia, which already has received a Euro 3.41 billion approach from TPG. www.apax.com
PARIS– Valeo has received takeover approaches from a number of groups, including Cerberus and PAI Partners, with the latter offering between 40 and 44 eur per share for the French auto-parts maker, French business daily Les Echos reported citing anonymous sources. The paper's sources said Valeo has received expressions of interest from several groups since […]