VCJ Staff
The Carlyle Group and Dah Sing Banking (Hong Kong) have agreed to acquire a 24.99% stake in mid-sized Chinese lender Chongqing Commercial Bank. No financial terms were disclosed, although Reuters valued the deal at around $100 million, with Dah Sing taking a 17% stake and Carlyle taking a 7.99% stake.
Aramark Corp. (NYSE: RMK) shareholders have approved an $8.3 billion buyout bid led by CEO Joseph Neubauer, and including private equity firms GS Capital Partners, CCMP Capital Advisors, JPMorgan Partners, Thomas H. Lee Partners and Warburg Pincus. The deal will provide Aramark shareholders with $33.80 per share in cash. www.aramark.com
Aramark Corp. (NYSE: RMK) shareholders have approved an $8.3 billion buyout bid led by CEO Joseph Neubauer, and including private equity firms GS Capital Partners, CCMP Capital Advisors, JPMorgan Partners, Thomas H. Lee Partners and Warburg Pincus. The deal will provide Aramark shareholders with $33.80 per share in cash. www.aramark.com
Metrologic Instruments Inc. (Nasdaq: MTLG) shareholders have approved an $18.50 per share buyout offer from Francisco Partners. Both hedge fund Elliott Associates and Metrologic chairman and interim CEO Harry Knowles will co-invest alongside Francisco. www.metrologic.com
Sterling Investment Partners is planning to acquire a position in New York-based supermarket company Fairway Operating Corp., according to a Federal Trade Commission report.
OpenGate Capital has agreed to acquire the medium-voltage power transformer facility of Areva's Transmission and Distribution Division (to be renamed Pacific Crest Transformers) in Medford, Oregon. No financial terms were disclosed, except that First Capital provided senior leverage. www.opengatecapital.com
Metrologic Instruments Inc. (Nasdaq: MTLG) shareholders have approved an $18.50 per share buyout offer from Francisco Partners. Both hedge fund Elliott Associates and Metrologic chairman and interim CEO Harry Knowles will co-invest alongside Francisco. www.metrologic.com
International Paper (NYSE: IP) has agreed to sell its Arizona Chemical business to Rhone Capital for approximately $485 million. Arizona Chemical is a Jacksonville, Fla.-based pine chemistry company with 11 manufacturing facilities worldwide. www.arizonachemical.com
Palamon Capital Partners has completed its public-to-private acquisition of Retail Decisions PLC, a UK-based payment card and fraud prevention group. The deal was valued at approximately Gbp200 million. www.palamon.com www.redplc.com
Kinder Morgan Inc. (NYSE: KMI) shareholders have approved a $107.5 per share buyout offer from a consortium that includes chairman Richard Kinder, GS Capital Partners, AIG, The Carlyle Group and Riverstone Holdings. The total deal is valued at around $22 billion. www.kindermorgan.com