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KBC Private Equity has sold its 30% stake in audiovisual production house D&D Media Group to Palamon Capital Partners. D&D specialises in drama, entertainment and factual entertainment for both television and other media. No price was disclosed for the sale. KBC Private Equity first invested in D&D Media Group in August 2002.
Silver Lake Partners and TPG reportedly are near an agreement to acquire telecom equipment maker Avaya, (NYSE: AV) for $17 per share, or more than $8 billion. The only hiccup could be a last-minute offer from Nortel Networks, whose initial bid apparently fell short. www.avaya.com
Exponent Private Equity and VSS are no longer bidding to acquire horse-racing newspaper Racing Post from Trinity Mirror PLC, according to Dow Jones. An alternate bidder is reportedly Ireland-based FL Partners, which values the paper at approximately Gbp190 million.
Lion Capital has agreed to buy European bakery Vaasan & Vaasan Group from CapVest. No financial terms were disclosed. V&V sells its products in the Nordic and Baltic regions. http://www.lioncapital.com/ www.vaasan.com
Apollo Management has completed its $3.1 billion take-private acquisition of Claire's Stores Inc., a costume jewelry and accessories retailer that had been trading on the NYSE. The deal provides Claire's shareholders with $33 per share in cash. www.claires.com
The European Commission has approved 3i Group's proposed acquisition of Euro-Druckservice AG, a Germany-based provider of industrial offset printing services to publishing houses and retail groups in Germany, Austria, and central and Eastern Europe. The case was examined under the EU's 'simplified' merger review procedure, for cases which the commission believes do not pose competition […]
Cinven has received approval from the European Commission for its acquisition of Modamax, a holding company owning 64.6 percent of the capital and 74.5 percent of the voting rights of French clothing retailerCamaieu.. The European buyout firm paid AXA Private Equity approximately Euro 1.6bn (US$2.15bn) for its stake in Camaieu and said that a public […]
Houlihan's Restaurants Inc., a Leawood, Kan.-based casual dining chain, has raised $28 million in private equity funding from Goldner Hawn Johnson & Morrison. It also secured a $40 million senior credit facility from Wells Fargo Foothill Restaurant Finance. Proceeds will be used to fuel future growth for Houlihan's, which expects 2007 sales in excess of […]
ROCHESTER, N.Y. (AP) – Shares of Bausch & Lomb Inc., which recently agreed to a $3.67 billion buyout by a private equity firm, climbed more than 5 percent Thursday after Advanced Medical Optics Inc. disclosed that it might make a higher bid for its eye-care products rival. Warburg Pincus, a New York-based buyout and venture […]
Cable & Wireless saw its share price up 4.76% at 195.6 pence Thursday on the back of full-year upbeat results. But the UK telecoms company emphatically ruled out being a takeover target, calling it “market mischief making,” writes Thomson Financial News. It also dismissed talk of demerging its international arm from its and European, Asian […]