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The European Commission has cleared Apollo Management's proposed acquisition of Claire's Stores Inc. The transaction was cleared under the EU's 'simplified' merger review procedure for cases which the commission believes do not pose competition concerns. No financial details were disclosed. Claire's Stores is a retailer of costume jewellery, fashion accessories and cosmetics for young women.
ellman & Friedman has agreed to acquire Sheridan Healthcare Inc. from J.W. Childs Associates for an undisclosed amount. Company management will remain in place. Leveraged financing is being provided by Lehman Brothers, UBS Securities, Credit Suisse and Citigroup Global Markets. Sheridan Healthcare is a Sunrise, Fla.
Soros Strategic Partners and Kinderhook Industries have agreed to acquire six high-end steak and seafood restaurants from Mastro Group LLC. The deal is valued at $180 million, including $70 million in equity.
Spectrum Equity Investors and Technology Crossover Ventures have agreed to acquire a majority interest in futures brokerage R.J. O'Brien & Associates Inc. No financial terms were disclosed for the deal, which will result in the O'Brien company retaining a “substantial minority ownership in the company.” www.rjobrien.com
Warburg Pincus has agreed to acquire Bausch & Lomb (NYSE: BOL) for approximately $4.5 billion. The pricetag includes around $830 million in assumed debt, with Bausch & Lomb shareholders to receive $65 per share. Under terms of the agreement, Bausch & Lomb may solicit superior proposals for the next 50 days, but would be required […]
The Carlyle Group, as US-based private equity firm, and European buyout house Permira are in talks with Italy's Marzotto family regarding its stake in Valentino Fashion Group. According to The Wall Street Journal Europe, Carlyle and Permira are in separate talks to buy up to 50 percent of Valentino, which has a market cap of […]
Arbor Investments has completed its acquisition of Sam's Wines and Spirits, a Chicago-based wine and beverage retailer. No financial terms were disclosed for the deal, which was done in partnership with the founding family. www.arborpic.com
TPG and Warburg Pincus reportedly have decided to offer a joint bid for UK retailer New Look, which currently is owned by Apax Partners and Permira. Previous reports suggested that the two firms would submit rival bids for New Look, which is believed to be worth around Gbp2 billion.
BB&T Capital Partners has acquired Innovative Container, a Greenville, S.C.-based industrial container reconditioning and manufacturing company. No financial terms were disclosed. The company previously had been controlled by founder Chad Odom. www.bbandt.com www.innovativecontainer.com
AMSTERDAM – Dutch technical services company Imtech NV said it has acquired German IT-specialist BMS for an undisclosed sum. MILAN – Unicredito Italiano SpA said first quarter net profit rose 28.8 pct to E1.780bn from E1.382bn a year earlier, beating market expectations as results benefited from the integration of its German peer HVB Group AG, […]