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Alitalia SpA said TPG has been unable to form a consortium with a majority of Italian investors but the private equity firm will continue to look for other opportunities in the airline's privatisation. The Italian government is seeking to privatise the loss-making airline in which it has a 49.9 pct stake. Aeroflot, Air France-KLM, Deutsche […]
WASHINGTON (AP) – Audio equipment maker Harman International Industries Inc. on Monday said Kohlberg Kravis Roberts & Co. and GS Capital Partners would invest $400 million in the company, as part of a settlement to end their deal to buy Harman. KKR and GS Capital, an affiliate of Goldman Sachs, agreed in April to acquire […]
Hellman & Friedman has agreed to acquire Goodman Global Inc. (NYSE: GGL) for approximately $2.65 billion. Goodman Global stockholders would receive $25.60 per share in cash, which is a 14.5% premium to Friday's closing price. Senior credit facilities have been committed by Barclays Capital, Calyon New York Branch, GE Commercial Finance and GSO Capital Partners. […]
ATLANTIC CITY, N.J. (AP) – New Jersey casino regulators on Wednesday approved the proposed $31 billion acquisition of Harrah's Entertainment by two private equity firms. At a hearing before the state Casino Control Commission, partners in Apollo Management Group and Texas Pacific Group promised to be hands-off owners. They said they don't plan any layoffs […]
Marquette Capital Partners has acquired Wisconsin Film & Bag Inc., a Shawano, Wis. from Stonehenge Partners for an undisclosed amount. Argosy Partners and First Capital Partners also participated on the buy-side. WFB is a Shawano, Wis.-based of polyethylene bags and film for the flexible packaging industry. www.wifb.com
Investor AB and EQT Partners reportedly are considering a joint bid for Vin & Spirit AB, the Swedish maker of Absolut vodka. The deal could be worth up to $6 billion, with Vin & Spirit being advised by Morgan Stanley.
Children's Place Retail Stores (Nasdaq: PLCE) has retained Peter J. Solomon to explore a possible sale of the company, according to Fortune.com. The Secaucus, N.J.-based retailer recently fired its CEO and saw its auditor resign.
WILLIAMSVILLE, N.Y. (AP) – Dutch supermarket operator Ahold has agreed to sell its Tops Markets chain to Morgan Stanley Private Equity for $310 million, the companies said Thursday. The 71 stores will continue to operate as Tops Markets and Martin's Super Food Stores with the same staff. Tops stores in western New York and northwest […]
NEW YORK (AP) – Eye care products company Bausch & Lomb Inc., which is being bought by private equity firm Warburg Pincus, said Wednesday it expects revenue growth of 8 percent to 9 percent in the third quarter. In a filing with the Securities and Exchange Commission, the Rochester, N.Y.-based company forecast quarterly sales between […]
Thoma Cressey Bravo has sponsored a recapitalization of Porter & Chester Institute Inc., an operator of postsecondary institution providing technical, business and health related occupational preparation in Connecticut and Massachusetts. No financial terms were disclosed for the deal, which was done in partnership with Porter & Chester management. The Bank of Montreal served as agent […]