Pepsi Bottling Group signs distribution deal, invests in natural beverages brand maker O.N.E.September 22nd, 2009 Pepsi Bottling inks natural beverages dealSOMERS, N.Y. — Soft drink bottler Pepsi Bottling Group Inc.
Providence Equity Partners names Citigroup Chairman Parsons as a senior adviserSeptember 16th, 2009 Providence Equity names Parsons as senior adviserPROVIDENCE, R.I. — Providence Equity Partners Inc., owner of video Web site Hulu and Spanish-language television network Univision, said Wednesday that Citigroup Chairman Richard Parsons will serve as a senior adviser.
Macerich, private equity firm announce joint venture in Colo. mallSeptember 3rd, 2009 Macerich in joint venture in Colo. mallSANTA MONICA, Calif.
Features of private equity industry, which may acquire more failed banksAugust 25th, 2009 Features of private equity industryAs bank failures mount, regulators are looking more favorably on private equity investors that want to acquire failed institutions. The FDIC board, meeting in a public session Wednesday, is expected to ease restrictions proposed for private equity firms early last month, people familiar with the issue say.
Meritage Homes names private equity firm president Dana Bradford as a directorAugust 14th, 2009 Meritage Homes names Dana Bradford as a directorSCOTTSDALE, Ariz. — Homebuilder Meritage Homes Corp.
Apax Partners begins tender offer to acquire outstanding shares of BankrateJuly 29th, 2009 Apax Partners begins tender offer for BankrateNEW YORK — Private equity firm Apax Partners launched a cash tender offer at $28.50 a share Tuesday to acquire all outstanding shares of consumer finance Web site operator Bankrate Inc. The value of the proposed transaction, which was announced last week, is roughly $570.8 million, excluding transaction fees and expenses, according to the companies.
Promoter stake reduction could raise Rs.159,000 croreJuly 22nd, 2009 MUMBAI - Listed companies could raise over Rs.159,000 crore if Finance Minister Pranab Mukherjee's proposal to reduce promoter stake in all listed companies to 75 percent becomes a policy, a report released Wednesday said. Of this, state-owned firms alone will contribute as much as Rs.138,000 crore, the report by broking firm SMC Capitals said.
Kohlberg Kravis Roberts to merge with European arm, keep Amsterdam stock listingJuly 20th, 2009 Kohlberg Kravis Roberts to merge with European armAMSTERDAM — Kohlberg Kravis Roberts, the private equity firm, said Monday it plans to merge with its European arm and keep its Dutch stock market listing, abandoning plans for a U.S. initial public offering for the time being.
KKR & Co. withdraws IPO registration statement from SEC; seeks buyout of EuropeanJune 24th, 2009 KKR & Co. withdraws plans for IPO after 2 yearsNEW YORK — Private equity firm Kohlberg Kravis Roberts & Co. withdrew its two-year-old plans for an initial public offering on Wednesday.
Dubai port operator DP World talking with investment firm about possible minority stake saleMay 10th, 2009 Dubai's DP World in talks with private equity firmDUBAI, United Arab Emirates — Port operator DP World, one of Dubai's most global companies, said Sunday it is in talks to possibly sell a minority stake in itself to a Middle East private equity firm. A successful deal could provide a significant boost to DP World and its battered shares, which have tumbled more than 70 percent since they were floated in late 2007.
Dubai port operator DP World says parent mulling possible stake sale to investment firmMay 10th, 2009 DP World owner in talks with private equity firmDUBAI, United Arab Emirates — DP World, one of Dubai's most global companies, said Sunday its main government-owned shareholder is in talks to possibly sell a minority stake in the port operator to a Middle East private equity firm. A successful deal could provide a significant boost to DP World and its battered shares, which have tumbled more than 70 percent since they were floated in late 2007.
3 days after acquisition by private equity firm, San Diego Union-Tribune cuts 192 jobsMay 8th, 2009 San Diego Union-Tribune cuts 192 jobsSAN DIEGO — The San Diego Union-Tribune is cutting 192 jobs in another round of layoffs affecting all departments at the newspaper. The Union-Tribune said Thursday the layoffs amount to about 18 percent of its staff, which will be reduced to about 850 workers after the cuts become effective July 6.
Satyam allots 30.28 crore shares to Tech MahindraMay 5th, 2009 MUMBAI - Satyam Computer Services Tuesday said it has allotted 30.28 crore equity shares, representing 31 percent of the share capital, to Venturbay Consultants, a subsidiary of Tech Mahindra, which is acquiring a controlling stake in the scam-hit IT major. 'The board of directors of the company allotted 30,27,64,327 equity shares on preferential basis to Venturbay Consultants,' the company said in a statement.
India Equity Partners eyeing buyout of small firmsFebruary 8th, 2009 KOLKATA - Private equity firm India Equity Partners is in talks with cash-strapped business houses to buy out some of their smaller group companies, a top company official said here Monday. Co-founder and managing director Gaurav Mathur said several business, which are finding it increasingly difficult to raise funds for core operations, are now willing to sell off majority stake in some group companies.
Suzlon sells 10 percent in Belgian firmJanuary 1st, 2009 NEW DELHI - Renewable energy major Suzlon has offloaded 10 percent of the equity it holds in a Belgian transmission company to a London-based investment firm, it announced Friday. Suzlon holds majority stake in Antwerp-based Hansen Transmissions International through a wholly-owned subsidiary, AE-Rotor Holding.
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