VCJ Staff
Inflexion Private Equity has sponsored a Gbp12 million management buyout of Tekton Group, a UK-based provider of construction and homebuilding software. www.inflexion.com
Crestview Partners has sponsored a management buyout of Munder Capital Management, a Birmingham, Mich.-based money management firm, from Comerica Inc. Grail Partners advised Munder on the deal, and also participated in the equity. Comerica retained full ownership of World Asset Management, the former quantitative and index-oriented investment management division of Munder Capital. www.munder.com
MatlinPatterson, best known for investments in troubled companies, plans to set up a joint venture with Chinese TV-maker Sichuan Changhong Electric Co. to make plasma displays, according to Dow Jones. The firm plans to invest $40 million for a 17.78% stake in the joint venture through two units of MatlinPatterson Global Opportunities Partners II
Bus-maker Neoplan USA Corp. plans to sell its parts division and then shut down under a Chapter 11 plan approved by a bankruptcy court last week, according to Dow Jones. Willis Stein & Partners, the Chicago buyout shop, acquired the company from its German owners in 1998. Neoplan filed for Chapter 11 bankruptcy in Wilmington, […]
Shares of Alitalia SpA, the Italian airline, rose sharply today in Europe amid speculation that an Italian-led consortium was preparing to make a bid, according to AFX, a news service owned by Thomson Corp. (publisher of PEHub.com). Interested parties cited in the report include Management & Capitali SpA, a private equity firm owned by Carlo […]
The Taittinger family is preparing to buy back a 37% stake in a champagne business that it sold to buyout shop Starwood Capital Group in July 2005, according to French newspaper Les Echos. The Taittinger family is among the country's largest producers of champagne. www.starwoodcapital.com
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 […]