Brad Meikle
Cerberus Capital is listing U.S. grocery store operator Albertsons Cos Inc a year after the private equity firm acquired Safeway and combined the two chains, Reuters reported.
Hostess Brands LLC, the U.S. bakery company whose snack cake brands include Twinkies and Ding Dongs, has pulled itself from the auction block because it believes it can command a higher valuation in an initial public offering, according to people familiar with the matter, Reuters reported exclusively.
China’s move to curb initial public offerings to contain a stock market meltdown could endanger nearly $32 billion worth of deals announced this year by Chinese companies planning to drop their listings on U.S. exchanges and return home, Reuters reported.
A 2.2 billion euro ($2.43 billion) loan and bond financing backing the buyout of Saint-Gobain’s glass bottle unit Verallia remains on hold after Greece rejected a compromise with international creditors, bankers said on Monday, Reuters reported.
Blackstone Group LP announced that it has hired Liping Zhang as its chairman for Greater China as private equity deals boom in the region, confirming an earlier Reuters story.
Medical device supplier Patterson Companies Inc said it would sell its business that makes products that assist in a patient’s recovery to private equity firm Madison Dearborn Partners for $715 million, Reuters reported
The European Union should be able to contain the fallout if Greece were to leave the euro zone following a weekend referendum on a bailout programme, Blackstone chief Stephen Schwarzman said on Wednesday, Reuters reported.
Brooks Zug, senior managing director and co-founder of funds-of-funds manager HarbourVest Partners, this spring told an audience of deal-makers about a buyout opportunity some of his associates had recently pitched with a price tag of 23.5x of trailing EBITDA
Cenovus Energy Inc, Canada’s second-largest independent oil producer, said on Tuesday it has agreed to sell its portfolio of oil and gas royalty properties to Ontario Teachers’ Pension Plan for about C$3.3 billion ($2.66 billion), Reuters reported.
A Native American tribe in California is looking to make a bid for Colt Holding Co, the 179-year-old gun manufacturer, a tribal attorney told Reuters.