Two deals are tied for this week’s private equity buyout of the week spotlight. They are both USD 1.3 billion transactions, making that a sweetspot for buyouts. All the big names in PE are in the running to acquire a Tyco security division based in South Korea, called Caps Co. It is a regular auction with Kohlberg Kravis Roberts & Co., Bain Capital, IMM PE and Carlyle Group LP bidding, according to Reuters which cited anonymous sources.
The other deal is a similarly sized PE buyout of the US-based pizza chain, Chuck E Cheese by Apollo group, which aims to take the company private, according to various sources. The chain is present in ten countries and 47 states in the US, and the deal has thrown the limelight on it dynamic founder (the founder of Atari, a serial entrepreneur, and the man that gave Steve Jobs his first job), according to Inc. magazine.