Brad Meikle
TPG Capital LP, the U.S. private equity firm that fired its spokesman for allegedly leaking confidential documents to the media, has hired crisis PR expert Adam Mendelsohn as its next communications chief, two people familiar with the matter told Reuters on Tuesday.
Advent is preparing to return German perfume chain Douglas to the stock market as a way of offloading its stake in the group, two sources with knowledge of the matter told Reuters.
Onex Corp is looking to sell Sitel Worldwide Corp in a deal that could value one of the world’s largest call center operators at close to $1 billion, including debt, people familiar with the matter told Reuters.
Baring Private Equity Asia said on Tuesday it had raised $3.99 billion for its sixth Asia fund, the second-largest private equity funding ever for investments into the region as sovereign wealth funds and other investors flock to growth opportunities in Asia, Reuters reported.
Earning $7 on the dollar is any investor’s dream. Buyout group Apollo has shown with its investment in oil exploration and production company Athlon Energy that such reveries can become reality.
The following bids, mergers, acquisitions and disposals were reported by Reuters as of 2115 GMT on Monday, Feb. 23.
German holding company Primondo is looking to sell mail-order group TriStyle and plans to approach private equity groups with an interest in fashion, such as Permira, two people with knowledge of the offering told Reuters.
Private equity firm Warburg Pincus LLC hired Andrew Higginson as a senior adviser, primarily focusing on new investments in the European consumer and retail sectors.
Investment management firm 3i Group Plc hired Christoph Rinnert, Michael Bernard and Rutger Vos as advisers in its private equity business in Europe and North America.
HKBN Ltd, Hong Kong’s second-largest broadband Internet provider, will launch its IPO on Tuesday, with shareholders including CVC Capital Partners looking to raise up to $750 million, sources familiar with the IPO plans told Reuters.