(Reuters) – Two of the world’s biggest private equity firms, Kohlberg Kravis Roberts & Co (KKR.N: Quote, Profile, Research, Stock Buzz) and TPG TPG.UL, are potentially interested in Foster’s (FGL.AX: Quote, Profile, Research, Stock Buzz) wine business, but they are not currently working on rival bids, sources told Reuters. Foster’s, Australia’s largest brewer, this week […]
French cheese maker Bel is considering acquiring PAI Partners SAS’s 50 percent stake in yogurt-maker Yoplait, Reuters reported citing Le Figaro newspaper. Le Figaro disclosed the development on Wednesday without identifying its sources. Farming cooperative Sodiaal owns the other hald of Yoplait.
Grammy award winner Pharrell Williams, lead singer of N.E.R.D., will join KarmaLoop TV as a creative director. KarmaLoop, which has one of the most widely-viewed YouTube channels online, is backed in part by VC firm Insight Venture Partners.
San Mateo, Calif.-based Appirio has named Mark O’Connor Chief Financial Officer. The news comes after Appirio’s $60 million venture funding round led by General Atlantic. O’Connor joins from Nuance Communications where he served in the office of the CEO as chief of staff and vice president of operations. PRESS RELEASE Appirio, a technology-enabled services provider […]
Leeds Equity Partners LLC is merging four companies to focus exclusively on information and compliance solutions. The New York private equity firm said December 7 that it simultaneously acquired BLR, DecisionHealth, Argosy and CCMI. Financial terms of the deal, which closed this week, weren't announced. UCG Holdings LP of Gaithersburg, Maryland, has sold all its stakes in DecisionHealth, Argosy and CCMI, said Jeffrey Leeds, president and co-founder of Leeds Equity. Argosy is the parent of PE Hub-PE Hub Canada and Buyouts Insider, publisher of this report.
Two funds managed by Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) and two Danish pension funds will between them buy 26 percent in Danish state-owned oil and gas group DONG Energy for 11 billion Danish crowns ($2.00 billion) and plan an IPO for the firm, Reuters reported.
Egyptian private equity firm Citadel Capital will resume operations on Sunday, Reuters reported. The firm said, while its operations in other countries have continued as usual, that unrest in Egypt may have a short-term impact on its investment and divestiture plans, Reuters wrote.
After narrowing its losses in the third quarter, Egyptian private equity firm Citadel Capital will aim to improve the management of its portfolio companies, Reuters reported. The firm, based in Cairo, manages $4 billion in assets across the Middle East and Africa. It saw a net loss of 29.5 million Egyptian pounds ($5.1 million) in the third quarter of 2010, an improvement over the 94.8 million pounds it lost during the second quarter, Reuters said.
Shares in Citadel Capital, the Egyptian private equity firm, rose in early trading the day after the firm suggested that it could launch an IPO for one or two of its portfolio companies. The IPOs would be in the region of $175 million to $250 million and could happen in the next year to two years. Citadel, founded in 2004, controls investments worth $8.3 billion.
Eleven bidders have expressed interest in buying part of South Korea’s Woori Finance Holdings, Reuters reports. Woori is not releasing the names of potential investors that would vie for as much as 57% of the financial services firm - a stake worth around $6 billion, Reuters said. Other media reports have said that potential suitors could include The Carlyle Group and Vogo Fund.