The Dallas-based buyout shop is set to sell US meatpacking firm Swift & Company to Latin America’s largest beef processor in a $1.4 billion transaction. HM says it began strategic discussions well before Swift suffered six major immigration raids.
As revealed by PrivateEquityOnline earlier this month, EQT Partners has closed its latest fund over a third above its initial expectations, at the same time rebranding the former mezzanine debt investment team as an expansion capital buyout group.
Terra Firma has closed its third fund, as its agreed £2.4 billion offer for EMI continues to be the subject of market speculation.
EMI’s share price rose further above Terra Firma’s £2.4 billion accepted offer price, as the markets reacted to rumours of two possible counter-bids.
EMI’s share price has risen on the back of speculation there will be a counter offer for the music group, although one reportedly interested party ruled itself out of the bidding.
The dramatic bidding war for logistics company EGL has seemingly come to a close: Apollo’s $2 billion bid – nearly 32 percent higher than the first bid made for the firm – has been board-approved, while the competing, Centerbridge-backed group was paid a $30 million break-up fee.
TPG has reportedly acquired Indonesian Bank Tabungan Pensiunan Nasional as the US buyout firm increases its investments in the country.
PAI Partners has bought a controlling stake in partially listed house-builder Kaufman et Broad from US housing group KB Home for more than €5-a-share below Kaufman’s market price last week.
California venture capital firm Emergence has closed its second, online software-focused fund on $200 million.
Equipment rental company RSC Holdings, purchased last year by Ripplewood and Oak Hill, raised $458 million in an initial public offering; the 20.3 million share offering raised less than expected, and the company’s stock has been trading below the IPO’s $22 per share price.
With the closure of its second energy fund on $3.1 billion, LS Power’s 5-year old private equity arm has become one of the world’s 50 largest private equity firms.
US media and communications investment firm Quadrangle has opened its doors in London, passing 3i, CVC Capital Partners and BC Partners, which have all started New York operations recently.
Turnaround specialist KPS has closed its third ‘special situations’ fund on $1.2 billion, after receiving commitment requests of more than quadruple its $1 billion target.
The Blackstone Group’s fourth fund has “shot the lights out”, according to one investor, making more than $15 billion in profit for its investors. The $6.45 billion fund has enjoyed a string of big wins.
The Ontario Teachers’ Pension Plan has made its first investment in Europe since it opened its office last week, buying a large stake in Birmingham International Airport.