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Rutland Partners has agreed to buy the Pulse leisure division of Alba PLC for Gbp51.5 million. The business provides branded goods to the UK home electrical market, including kitchen appliances, electrical hair care products and power and garden tools. www.rutlandpartners.com
ROCHESTER, N.Y. (AP) – With a bidding war behind it, Bausch & Lomb Inc. asked shareholders Friday to vote next month on a $3.67 billion buyout that guarantees its chief executive an options payday of around $30 million. In a regulatory filing, the 154-year-old eye care company scheduled a special meeting of shareholders on Sept. […]
Levine Leichtman Capital Partners has sponsored a recapitalization of Beef O'Brady's Inc., a Tampa, Fla.-based operator of family-oriented sports bar restaurants, according to LBO Wire. No financial terms were disclosed. www.beefobradys.com
COLUMBUS, Ohio (AP) – A major shareholder who has pressured Wendy's International Inc. to increase stock value said Monday that he is ready to offer $37 to $41 per share to buy the nation's third-largest hamburger chain. Billionaire investor Nelson Peltz said his company, Triarc Cos., which owns fast-food chain Arby's, would be a “natural, […]
Cozymel's Mexican Grill is being shopped by Houlihan Lokey, according to LBO Wire. The 11-unit restaurant chain is currently owned by restaurant industry veteran Jack Baum and former Perot Systems CEO Morton Meyerson.
An area that does not get reviewed frequently is deals that never reach completion, for whatever reason. It may not be something that those involved wish to dwell on but a closer look at the figures since 2000 reveals that 1,152 offers for European targets have been withdrawn in that time, valued at Euro865.12bn (US$1.2tr). In […]
Appaloosa Management has sent a letter to the board of bankrupt auto supplier Dana Corp., in opposition to a proposed $750 million investment into Dana by Centerbridge Capital Partners. Apoloosa is Dana's largest shareholder, and said the deal “will yield far less than the maximum recoveries available to stakeholders.”
CINCINNATI (AP) – Macy's Inc. may be finding its way out of its troubles by going private. Rumors have been rampant for the last couple of weeks that the company may be the target of a leveraged buyout, and the stock price rose Wednesday after a report said a private equity firm is pondering a $24 […]
KBC Private Equity has invested an undisclosed amount into Belgian lighting group Wever & Ducre.
Dubai International Capital, the international investment arm of Dubai Holdings, has made a substantial investment in ICICI Bank, an Indian financial services firm. The investment allows DIC to take a 2.8% shareholding in the Bank.