News and developments in Asia private equity from Reuters News for the week ending June 1. News and developments in Asia private equity from Reuters News for the week ending June 1.
Deals
THL buys control of Party City
Thomas H. Lee Partners has struck a deal to buy control of Party City in a deal that values North America's largest retailer of party goods at $2.69 billion.
Deals of the day -- mergers and acquisitions
Bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies. The following bids, mergers, acquisitions and disposals involving European, U.
China phone firm Xiaomi to get $4 billion valuation after new funding: source
Chinese smartphone maker Xiaomi Technology is in the process of closing a fundraising round that will value it at $4 billion - almost half of Nokia's (NOK1V.HE) market capitalization.
Australia's Brambles scraps $2 bln sale of Recall unit
Australia's Brambles Ltd , the world's biggest pallet supplier, said on Monday it was scrapping a planned sale of its $2 billion Recall information management business because of low offers.
Latest News
Canada's biggest telecommunications company, BCE Inc (BCE.TO), has joined with a group of private equity fund managers to buy data center company Q9 Networks Inc for C$1.1 billion ($1.06 billion).
Private equity firm Thomas H. Lee Partners is in final discussions to buy Party City. Private equity firm Thomas H. Lee Partners is in final discussions to buy Party City, North America's largest retailer of party goods such as balloons and Halloween costumes, for as much as $2.
Australia's bourse operator, ASX Ltd (ASX.AX), said on Friday it may buy share registry Link Market Services from Pacific Equity Partners.
A Russian state firm has offered to buy BP's half share in its huge oil joint venture. A Russian state firm has offered to buy BP's half share in its huge oil joint venture, a source said on Friday, in what would amount to a stunning reversal for the British firm and a bold assertion of Kremlin control over the oil sector.
Japanese buyout firm Unison Capital is seeking a buyer for its popular sushi restaurant chain Akindo Sushiro.
A field of mainly private equity firms has tabled offers for logistics group GEFCO. A field of mainly private equity firms has tabled offers for logistics group GEFCO, valuing the business that ships cars around the world for French auto maker PSA Peugeot Citroen at up to 1.
Transaction Valued at $369 Million
The Talbots, Inc. (NYSE:TLB) (“Talbots” or the “Company”) and Sycamore Partners today announced that they have entered into a definitive agreement pursuant to which an affiliate of Sycamore Partners will acquire all the outstanding common stock of the Company for $2.
Construction to begin this year on 235,000 square-foot Walmart-anchored center in Miami’s Flagler Corridor.
Transaction Will Create One of the World’s Most Technologically Advanced and Vertically Integrated Rare Earth Companies.
