Brad Meikle
U.S. private equity firm Hellman & Friedman and U.S. asset manager Fortress Investment Group are lining up a joint bid for Italian bank services provider ICBPI, ahead of a March 23 deadline, two sources familiar with the matter told Reuters.
The following bids, mergers, acquisitions and disposals were reported by Reuters as of 2100 GMT on Tuesday, March 2, 2015:
The following bids, mergers, acquisitions and disposals were reported by Reuters as of 2100 GMT on Tuesday, March 2, 2015:
Novetta Solutions LLC, a provider of software and IT services to the U.S. intelligence community, is exploring a sale which could value it at more than $650 million, including debt, people familiar with the matter told Reuters.
As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry, Reuters reports.
The Waddington Group, a private equity-owned manufacturer of plastic plates, cups and cutlery, is exploring a sale that could value the company at around $1.5 billion, including debt, people familiar with the matter told Reuters.
Warburg Pincus and Hellman & Friedman remain among the most high-profile firms to resist providing investors with a priority return before taking carried interest. Limited partners are not well-served by priority returns, the two firms can argue, but can they hold out much longer?
Philips’ sale of the majority of its lighting components business is nearing an end as buyout groups are lining up final bids, three sources said on Monday.
The proposed sale of German fashion group Bogner has attracted interest from several private equity groups, but at a lower valuation than that initially sought by the owner of the winter clothing specialist, three sources familiar with the deal said.
Blackstone Group LP Chief Executive Stephen Schwarzman took home $690 million in 2014, more than any other private equity executive, as his firm and the wider industry benefited from the favorable conditions for cashing out on investments.