VCJ Staff
Deere & Co. (NYSE: DE) confirmed that it has been approached by a private equity firm about a possible buyout offer, but adds that management does not expect such a deal to happen. www.deere.com
Blackstone Group and Texas Pacific Group may make bids to acquire the Indian wireless assets of Hutchison Telecommunications International Ltd. (NYSE: HTX), according to The Wall Street Journal. A sale could be valued at $8 billion, including assumed debt.
International Coal Group (NYSE: ICG) yesterday denied that it is considering going private. In a press release, the company said: “While it normally does not comment on rumors, and it intends to continue this policy, the company has become aware of specific newswire reports of rumors of a management leveraged buyout. International Coal Group denies […]
GO Ethanol has raised $145 million in combined equity and debt financing. Paladin Capital Group's Homeland Security Fund led the equity tranche, while the debt syndication was led by SunTrust Robinson Humphrey. The funding will be used to complete construction and provide operations and maintenance funding for its 54 million gallon ethanol production facility in […]
MidOcean Partners has acquired a majority stake in various companies that comprise the Europackaging Group, a UK-based manufacturer, distributor and consolidator of packaging products and other goods not for resale. No financial terms were disclosed. Following completion of the transaction, Bill Ronald, formerly UK managing director of Mars Confectionery and CEO of Uniq PLC will […]
McClatchy Newspapers Inc. (NYSE: MNI) has no plans to go private, according to a speech given yesterday by company CEO Gary Pruitt at the Media Week conference in New York. www.mcclatchy.com
Investcorp and Hicks Holdings LLC have agreed to acquire a majority stake in Greatwide Logistics Services from Fenway Partners for $730 million. GreatWide is a Dallas, Texas-based provider of third-party logistics services. Fenway acquired the company in 2000, and will retain a minority stake. www.greatwide.com
Advent International has acquired Grupo La Mansion, an operator of casual dining restaurants in Mexico. No pricing terms of the all-equity transaction were disclosed. Javier Gavilan, who recently worked with Advent portfolio company Aerocomidas, will take over as Grupo La Mansion CEO. www.adventinternational.com
Catalyst Investors of New York has acquired Aplus.net, a San Diego-based provider of website presence solutions, including domain registration services, web hosting, dedicated server hosting, web design and web marketing services to approximately 90,000 small- and medium-sized businesses. No financial terms were disclosed. Gabriel Murphy, co-founder of CommuniTech.Net (sold to Web.com in 2002) will take […]
3M (NYSE: MMM) has completed the sale of its Asia-Pacific pharmaceutical operations to Ironbridge Capital and Archer Capital (both of Australia) for $349 million. www.3m.com