VCJ Staff
EMI Group PLC (LSE: EMI) has ended talks to be acquired by Permira. According to Bloomberg, this is Permira's fifth straight failed attempt to acquire a publicly-traded company in Britain. The previous four were Britvic PLC, McCarthy & Stone PLC, De Vere Group PLC, W.H. Smith PLC and HMV Group PLC. www.emi.com www.permira.com
Windstream Corp. (NYSE: WIN), the company formed by the combination of Alltel Corp.'s fixed-line phone unit and Valor Communications Group Inc., has agreed to sell its telephone directories publishing business to Welsh, Carson, Anderson & Stowe for an enterprise value of $525 million. www.windstream.com
MuniServices LLC, a Fresno, Calif.-based provider of revenue enhancement services to state and local governments, has completed its management buyout from parent company MBIA (NYSE: MBI). The Central Valley Fund provided $4.5 million of senior subordinated notes to help finance the transaction. Seidler Capital advised management. www.muniservices.com
Carousel Capital has acquired Axium Healthcare Pharmacy Inc., a Lake Mary, Fla.-based provider of specialty pharmacy services. No financial terms were disclosed for the deal, which includes participation by senior company management. Allied Capital provided financing. www.axiumhealthcare.com
Quantas Airways Ltd., Australia's largest airline company, has rejected an Au$10.9 billion buyout offer from Macquarie Bank and Texas Pacific Group.
Celanese Corp. (NYSE: CE) has agreed to sell its oxo products and derivatives businesses — including European Oxo GmbH, a joint venture between Celanese AG and Degussa AG — to Advent International for Euro 480 million. The oxo derivative chemicals business of Celanese has approximately 1,100 employees, earns revenues of approximately $700 million and has EBITDA […]
Olympus Partners has agreed to buy WII Components Inc. from Behrman Capital for an enterprise value of $295.5 million. WII Components is a St. Cloud, Minn.-based outsourced manufacturer of hardwood and engineered wood doors and components to the North American kitchen and bath cabinet market. Behrman acquired a majority stake in April 2003. www.wiicomponents.com
Countrywide PLC, a U.K. property and financial services company, announced that it has agreed to a Gbp941 million management buyout offer sponsored by 3i Group.
Trivest Partners has sponsored a recapitalization of Box-Board Products Inc., a Greensboro, N.C.-based manufacturer of custom corrugated products. No financial terms were disclosed. Box-Board has nearly $50 million in annual revenue. www.trivest.com
The Chandler family is speaking with private equity firms about bidding on at least part of Tribune Co., according to The New York Times. www.tribune.com