Carlyle’s purchase of Atlanta, Georgia-based RMI adds to its business services portfolio, while reinforcing investment trends in infrastructure and transport/logistics firms.
IFR Capital, an AIM-listed joint venture between food entrepreneur Heiner Kamps and Nomura spinout ACP Capital, has bought Homann Chilled Food for about €180 million – a relatively low valuation for a deal in the sector.
UK buyout firm Terra Firma has sold Thresher Group to a consortium led by Duke Street Capital founder Eddie Truell. Sources insisted the firm has made a profit on the deal, despite reports that it had been forced to sell the group at a loss.
Alistair Baillie, industry veteran and founder of IPH, a port infrastructure vehicle, has sold to Global Infrastructure Partners for an undisclosed sum.
PAI Partners has abandoned its joint bid with CVC Capital Partners for Spanish cigarette company Altadis. An insider said the split had been amicable in the face of opposition from the French and Spanish governments.
CVC Capital Partners and PAI Partners’ bid for Altadis, the maker of Gauloise, Gitanes and Fortuna cigarettes, is reportedly experiencing difficulties in the face of opposition from the French and Spanish governments while the group remains split about the final structure of the bid.
The investment bank has raised $8bn for it sixth international real estate vehicle, a new record. However, Blackstone’s latest fund may soon surpass it.
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.
AIM-listed Evolvence India Fund has backed its seventh Indian private equity fund as investors warm to buyout firms in the booming Indian economy.
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.