Topics: Buyouts

TPG’s Plans to Buy Fairfax Media Stalled, But Not Scrapped

TPG’s Plans to Buy Fairfax Media Stalled, But Not ...

Private equity firm TPG might have suffered a blow to its plans of taking over Fairfax Media, but the US-based firm is unlikely to walk away from plan altogether. The Australian publisher still has value to offer for the firm but its next move is not known.   Surging stock price to stall the buyout attempts   DealMarket reported on [...]

Australia’s Fairfax Media Targeted by Private Equity

Australia’s Fairfax Media Targeted by Private ...

Private equity firm TPG Capital is looking to make a move on the Australian Fairfax Media Ltd. The news of a possible bid broke out on Wednesday and the shares in Fairfax Media saw an immediate boost. However, TPG might not have set its eyes on the whole organisation and a possible sale might result in the breakup of the [...]

Carlyle Strikes a Deal to Buy Veritas for $8 Billion

Carlyle Strikes a Deal to Buy Veritas for $8 Billion

  Private equity firm Carlyle Group is known for striking mega deals. It is set to make more headlines this year, as it announced on Tuesday a mega deal to buy Veritas, the data-storage company, for $8 billion. The deal is set to be the largest leveraged buyout of 2015 in the US.   The Deal   The private equity [...]

Private Equity Firms Backing Bids to Buy Nokia Maps

Private Equity Firms Backing Bids to Buy Nokia Maps

Nokia Oyj’s mapping business is being pursued by a number of companies and the bidding war has now intensified. Private equity firms have thrown their hats on the ring, as they are backing other companies in their efforts to snatch the mapping business. But who will prevail?   The Bidding Partners Emerge The list of the bidders is starting to [...]

Huffington Post Could Be The Next Target for Private Equity

Huffington Post Could Be The Next Target for Private...

One of the week’s biggest business news has been the announcement on Tuesday that Verizon is acquiring AOL. The announcement by the two prominent US companies created big headlines and launched speculation over a number of possible spin-off deals. The most prominent was the talk that AOL might be interested in selling off Huffington Post. According to analysts, the news [...]

Telecoms Mega Deal in Portugal

Telecoms Mega Deal in Portugal

A rare PE club deal is underway for Portuguese assets of telecommunication operator Oi SA, led by Apax Partners, according to unidentified sources in a Reuters article. The size of the deal is substantial at USD 8.8 billion and Apax is said to be teamed with Bain Capital Partners, and possibly CVC. Oi is Brazil’s largest landline carrier and it [...]

Blackberry To Go Private

Blackberry To Go Private

This week’s buyout of the week is the widely reported take private of Canada’s smartphone maker BlackBerry. The USD4.7 billion deal was led by its biggest shareholder, which is the property and casualty insurer Fairfax Financial Holdings Ltd, reports Reuters.   It was a club deal but the other buyers were not named. Other bids may come in before the [...]

PE Targets Finnish Mobile Operator

PE Targets Finnish Mobile Operator

This week’s deal of the week is mobile communication sector transaction in Finland.  According to Reuters, Apax, Bain Capital, EQT and Providence all submitted bids on Monday for DNA, a Finnish privately owned cellular operator, which could be worth about EUR 1.3 billion. DNA is Finland’s third-largest operator. The bid process should be complete next month.

German Publishing Deal Breaks 7 Year Record

German Publishing Deal Breaks 7 Year Record

This week’s deal of the week is the buyout of a publishing company Springer Science+Business Media by BC Partners. Reuters reports that the seller was another private equity group and the price is USD 4.4 billion. It was the largest private-equity acquisition in Germany for seven years, said Reuters.   In another article Reuters reported that it raised USD 2.5 [...]

Buyout of China’s Focus Media Close to Closure

Buyout of China’s Focus Media Close to Closure

This week’s deal of the week is the USD 3.8 billion buyout of China's digital advertiser Focus Media Holding Ltd. by management and a Carlyle Group-led private equity consortium, which should close next week following shareholder approval, according to a report in  The Deal. There were few other mega buyouts in the market this week, neither reported nor rumored.

China’s Biggest Buyout Underway

China’s Biggest Buyout Underway

This week’s deal of the week looks to be a USD 3.7 billion buyout of Chinese advertising company Focus Media Holding (FMCN), making it China's biggest leveraged buyout to-date, reports Dow Jones Newswire. In August Carlyle Group made the take-private offer. In the meantime several banks have emerged to finance the offer, including Bank of America Merrill Lynch, Deutsche Bank [...]