Sidewinder Drilling Inc plans to buy Union Drilling Inc for $139 million. Sidewinder Drilling Inc, controlled by private equity firm Avista Capital Partners, plans to buy Union Drilling Inc for $139 million to tap into rising exploration and production activity in North American shale fields.
Deals
Deals of the Day -- Mergers and Acquisition
Reuters reports the merger and acquisition deals of the day. (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: Two former top aides to Canadian Prime Minister Stephen Harper said on Thursday he should approve a $15.
Carlyle Group Acquires Stake in Vermillion Asset Management
The Carlyle Group continues to diversify; announcing yesterday that it would buy a majority stake in New York-based Vermillion Asset Management which will reportedly become its exclusive commodities trading platform.
Another Acquisition for Reliance Steel & Aluminum Co.: Sunbelt Steel Texas
The largest metals service center in North America, Reliance Steel & Aluminum Co., announced that effective Oct. 1 it had acquired all outstanding limited liability company interests of the privately held Sunbelt Steel Texas, LLC.
Exclusive: Best Buy Founder Presses on with Buyout Plan
Best Buy Co Inc founder Richard Schulze and at least four private equity firms have started examining the books of the world's largest consumer electronics chain, in early steps toward what could become a potential $11 billion buyout, according to people familiar with the matter.
Latest News
Swiss private bank EFG International (EFGN.S) will proceed with its planned initial public offering in Switzerland of its structured products business in the fourth quarter.
Bids, mergers, acquisitions and disposals. The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:** A trio of state-run Indian oil companies has bid $5 billion for stakes in Canadian oil sands holdings owned by ConocoPhillips, two sources said, as the world's No.
Carlyle Group-backed Japanese ball-bearings maker Tsubaki Nakashima Co has called off an up to $555 million initial public offering.
News and developments in Asia private equity from Reuters News for the week ending September 21. News and developments in Asia private equity from Reuters News for the week ending September 21.
Stake sales have slowed Formula One IPO drive. Formula One cars will roar around Singapore's streets this weekend, but the prospect of the motor racing business floating on the stock market there this year has receded following stake sales by its main private equity backer.
Mergers under review by the European Commission and a brief guide to the EU merger process. The following are mergers under review by the European Commission and a brief guide to the EU merger process:APPROVALS AND WITHDRAWALS-- French insurer Euler Hermes and Spanish insurer Mapfre to set up a joint venture (approved Sept.
Private equity firm Carlyle (CG.O) is to take a minority stake in Penti. Private equity firm Carlyle (CG. O) is to take a minority stake in Penti, as Turkey's largest maker and retailer of lingerie and swim wear looks to expand internationally.
LifeLock Inc said it expects to sell 15.7 million shares for between $9.50 and $11.50 per share in an initial public offering.
Bids, mergers, acquisitions and disposals. The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday: **Canada's junior finance minister, Ted Menzies, said on Tuesday his constituents in Alberta are split over China's state-owned CNOOC Ltd's $15.
