VCJ Staff
Commerzbank AG reportedly is considering the sale of French asset management firm Caisse Centrale de Reescompte. The news comes one week after Commerzbank agreed to sell UK-based Jupiter Asset Management to TA Associates and Jupiter management just over Euro 1 billion.
Investcorp Technology Partners has acquired UK-based online payment provider Moneybookers Ltd. The deal was valued at Euro 105 million, with existing Moneybookers shareholders retaining a minority ownership position. LongAcre Partners advised Moneybookers on the deal. www.moneybookers.com
Sun Capital Partners has acquired Restaurants Unlimited Inc., operator of 29 restaurants in 12 states including 14 Kincaid's and nine Palomino's. No financial terms were disclosed. www.suncappart.com www.r-u-i.com
Apollo Management has filed suit against EGL Inc. (Nasdaq: EAGL), in order to block a proposed $38 per share sale of the company to CEO Jim Crane, Centerbridge Partners and The Woodbridge Co. The move comes just one week after Apollo claimed to have offered $40 per share, and that it had been unable to […]
Excel-Tech Ltd. (TSX: NRV) said that it has received a preliminary expression of interest from a potential acquirer. No additional details were disclosed. The Canadian company makes medical devices used for monitoring and diagnoses of the central and peripheral nervous systems. www.xltek.com
Broadcasting Media Partners has received FCC clearance for its proposed $12.3 billion acquisition of Spanish-language broadcaster Univison Communications Inc. (NYSE: UVN). BMP consists of Haim Saban, Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group and Thomas H. Lee Partners.The deal is expected to close later this week. www.univision.com
TA Associates has acquired a minority interest in K2 Advisors, a $5.5 billion hedge fund-of-funds manager. No financial terms were disclosed. www.ta.com www.k2advisors.com
Raytheon Co. (NYSE: RTN) has completed the sale of its Raytheon Aircraft Co. unit to Onex Corp. and Goldman Sachs for $3.3 billion. The company had retained Credit Suisse last July to explore strategic alternatives for the unit, and reportedly had received rival bids from The Carlyle Group and Cerberus Capital Management. www.raytheon.com
Blue Point Capital Partners has acquired Addressing Services Co. (ASCO), a Berlin, Conn.-based direct mail company. No financial terms were disclosed for the deal, which also included equity participation by company management and debt from ORIX Finance Corp. This represents the first deal for Blue Point's MarketPoint Direct acquisition platform, which is run by former […]
Fairmont Capital has completed its $127.1 million acquisition of Stampede Meat Inc., a Bridgeview, Ill.-based provider of portion-controlled beef products to the foodservice, retail, and home delivery channels. Sankaty Advisors, PNC Mezzanine Capital and Stempede Meat management also participated. www.fairmontcapital.com www.stampedemeat.com