The Japanese telecommunications company Softbank Corp. has struck a deal to buy a 70 percent stake in Sprint Nextel for $20.1 billion.
Deals
Ancestry.com Announces $1.6 Billion Take-Private Deal Led by European Private Equity Firm
The world's largest genealogy website, Ancestry.com, has entered a merger agreement valued at $1.6 billion in a deal led by the European private equity firm Permira funds, and co-investors, the company announced Monday in a press release posted on its website.
Illinois-based Drug Compounding Company Acquisition Stalls as Industry Attracts Scrutiny
The nationwide meningitis outbreak linked to a contaminated injectible steroid made by the New England Compounding Center has stalled the sale of an Illinois drug compounding company, the private equity backed Pharmedium Healthcare Corp., Dow Jones’ LBO Wire reported last week.
Walmart Stake in Indian Supermarket Chain Probed for Violating Direct Foreign Investment Regs
An Indian lawmaker has filed a complaint with the government claiming that Walmart illegally invested in a local supermarket chain in violation of rules restricting direct foreign investment in the retail industry. Regulators have begun an informal inquiry into the matter, according to an article in Friday's New York Times.
Electric Battery Maker A123 Bankruptcy Filing Highlights Difficulties of Emerging Industry
Waltham, Massachusetts-based electric car battery manufacturer A123 Systems Inc. filed for Chapter 11 bankruptcy protection Tuesday, The Wall Street Journal reported. The company's collapse has been called a setback for the Obama administration's efforts to foster a domestic market for electric vehicles running on U.S.-built batteries.
Latest News
After months of negotiations, the German retailer Douglas Holding, which is known throughout Europe for its perfumeries, jewelry and book stores, is well on the road to going private. The Wall Street Journal reported on Monday that the company's founding family has joined private equity firm Advent International in a takeover offer.
The third richest man in America and the sixth richest billionaire in the world, Oracle founder and CEO Larry Ellison, is interested in bidding on the Anschutz Entertainment Group (AEG) sports and entertainment empire, Reuters reported this morning based on two inside sources.
The London-based HouseTrip, which allows users to rent out their homes while they're away, raised $40 million in its third-round of funding, from Europe's three largest venture capital firms.
Reuters reported today that big private equity firms will bid for Ingham Enterprises, Australasia's largest poultry producer, according to confidential sources.
San Francisco-based venture capital firm Valar Ventures Management led a $10.47 million round of financing in the up-and-coming Brazilian furniture e-commerce store, Oppa, according to securities filings obtained by The New York Times. It is the firm's first venture into Brazil.
Private equity firms have more money than they know what to do with and may have to start returning it to investors, according to an article in The New York Times last week.
The U.S.-based Carlyle Group sold all of its remaining shares in India's HDFC for $831 million on Thursday night, making it the country's fourth larges equity deal for the year, Reuters repored.
Mitsubishi UFJ Lease is Buying U.S.-based Jackson Square Aviation from Oaktree Capital Group for approximately $130 billion.
China's 7 Days Group Holdings, owner of the country's second largest hotel chain, received a buyout offer to go private last week from a consortium that includes the Carlyle Group, Sequoia Capital China and the company's co-chairmen Boquan He and Nanyan Zheng.
