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Apax Partners has decided against bidding for a 25% stake in sports apparel company Adidas, according to AFX. A Financial Times Deutscheland report earlier this week suggested that Apax was considering a
Bear Stearns Capital Partners has acquired a minority ownership position in Francesca's Collections, a Houston, Texas-based retailer of women's apparel, jewelry, accessories and gifts. No financial terms were disclosed. www.bsmb.com www.francescascollections.com
Hellman & Friedman has agreed to acquire Catalina Marketing Corp. (NYSE: POS) for $1.7 billion (including $136 million of assumed debt). The $32.50 per share offer is $0.40 higher than an earlier buyout offer for Catalina from ValueAct Capital. Goldman Sachs is advising Catalina on the sale, while H&F has received financing commitments from Bear […]
Valeo, a listed French car parts maker, has received buyout approaches from both Cerberus and PAI Partners, according to Les Echos. The PAI offer would value the company at approximately EUR 3.4 billion.
ArcLight Capital Partners has acquired a 50% equity interest in National Energy & Trade Holdings LLC, a Houston, Texas.-based provider of natural gas marketing and a transportation services. No financial terms were disclosed. NETH was advised on the deal by GulfStar Group. www.arclightcapital.com
CCA Industries Inc. (AMEX: CAW) announced that it has terminated negotiations relating to the proposed acquisition of the company by Dubilier & Co. The move comes after Dubilier was “unable to secure financing of the transaction.” CCA manufactures and markets health and beauty products. www.ccaindustries.com
Ontario Teachers' Pension Plan is considering a $45 billion buyout bid of Bell Canada parent BCE, according to The New York Times. The report says that OTPP has reached out to such firms as Providence Equity Partners, Caisse de Depot et Placement du Quebec and the Canada Pension Plan Investment Board. KKR has considered leading […]
Blackstone Group and TPG have dropped out of the auction for British supermarket chain J Sainsbury PLC, according to Bloomberg. KKR had left last week, citing a conflict with its interest in Alliance Boots. The only remaining consortium member is CVC. J Sainsbury last week rejected the group's initial 562 pence per share bid, saying […]
Harrah's Entertainment shareholders have approved a $90 per share buyout offer from Apollo Management and Texas Pacific Group. The two firms originally had offered $83.50 per share, and later sweetened the bid to $87 per share. The total deal will be worth around $17.1 billion. www.harrahs.com
Audax Group has acquired a control position in A&A Manufacturing Company Inc., a New Berlin, Wis.-based designer and manufacturer of highly-engineered and customized protective systems such as accordion bellows and way covers. End-markets include mobile equipment, automation, machine tool, transportation and medical equipment. No financial terms were disclosed for the deal, which was done in […]