Chicago steak and seafood supplier Allen Brothers has been sold to publicly-traded specialty food products distributor Chefs' Warehouse Inc. for $29.9 million. Under the deal, Chefs' Warehouse will be paying $20 million in cash and $9.9 million in debt.
Philippine-based JG Summit Holdings Inc has completed its buyout of San Miguel Corp's 27% stake in power distribution company Manila Electric Co (Meralco) for PHP72 billion.
Manhattan-based private equity and investment firm Wasserstein & Co completed its $340-million purchase of Hauppauge-based satellite communications systems provider Globecomm Systems.
The New York Times said private equity investors of Oriental Brewery in South Korea could stand to gain a 34% annualized return on their original investment of the brewery.
The following bids, mergers, acquisitions and disposals were reported on Wednesday, including Fortum, National Vision, Saipem, CTT, MTS, Southern Pacific, Warrnambool, Verbund, Bakkafrost, Popular and Marathon Oil.
KKR & Co LP and Carlyle Group LP are competing for National Vision Inc, the fourth-largest U.S. retailer of eyeglasses and contact lenses, in an auction that could fetch up to $1 billion, people familiar with the matter said this week.
After failing to dispose of Freedom Group, private equity firm Cerberus Capital Management has proposed to buy out shares of investors who want to exit their investments in the gunmaker.
Verizon Communications Inc. in September said that it will acquire Vodafone Group's 45% stake in their wireless joint venture. The American telco has set a shareholder meeting on January 28 to get investor approval for the deal.
Britain's Barclays PLC, Japan's Nomura and the Royal Bank of Canada are leading the loan financing for Hellman & Friedman LLC's buyout of Scout24. The classified advertising business will be bought for EUR700 million in debt funding.
Israel-based global buyout firm Apax Partners is planning to raise USD300 million for the country's first private equity fund dedicated to mid-market buyouts, sources familiar with the matter said.
Westpac Bank has received approval from the Australian Competition and Consumer Commission to purchase the Australian assets of Lloyd's Banking Group for USD1.45 billion.
According to Tingyi Holding Corp Chief Financial Officer Frank Lin, his company could form more corporate alliances or strategic purchases next year in mainland China.
German medical supplies manufacturer Gerresheimer on Wednesday confirmed that it is no longer vying for UK-based Rexam's healthcare packaging unit. The company said the healthcare business did not fulfill its acquisition requirements.
Google acquired seven robotics firms in the past six months to create manufacturing and logistics robots for a project under Android founder Andy Rubin to compete with Amazon's flying delivery drones.
Japanese electronics conglomerate Sony Corp. may spend JPY10 billion on a chip plant it intends to buy from Renesas Electronics Corp. Sony is reportedly increasing its chip output to boost its profits.
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