Brand Energy & Infrastructures Services Inc. proposed terms on a debt backing its leveraged buyout by Clayton, Dubilier & Rice. Western Refining, on the other hand, sought a loan for its Northern Tier acquisition.
Private Equity
Estancia Capital invests in Snowden Capital
New York-based wealth advisory firm Snowden Capital Advisors LLC entered into an agreement with private equity fund Estancia Capital Partners LP for a strategic growth capital investment.
1001 Menus snags USD1.8 million in Series A funding from Elaia Partners
Paris-based restaurant directory 1001 Menus received USD1.8 million in a Series A funding round led by Elaia Partners to be used for the company's expansion in Europe.
Carousell lands USD800,000 in funding for Southeast Asia expansion
Singapore-based consumer-to-consumer marketplace mobile startup Carousell snagged USD800,000 in seed funding to be used for the development of its app and expansion efforts in Southeast Asia.
Quirky raises USD79 million to build more weird connected devices
New York-based online shop and gadget developer Quirky scooped up USD79 million in a Series D funding round to be used for building more strange connected devices.
Latest News
With an earlier attempt at acquisition two years ago, Bain Capital now is in advanced discussions for the purchase of TI Automotive, the maker of fuel tanks and other automotive components.
Warrnambool Cheese and Butter Factory is now the subject of a three way battle as bidders Bega Cheese, Saputo and Murray Goulburn all seek to be the owner of the manufacturer of brands such as Sungold Milk and Great Ocean cheese.
UK-based pet retailer Pets at Home will be put up for an initial public offering by American multinational private equity firm KKR & Co LP. Said listing would be worth GBP1.5 billion.
Majid Al Futtaim Holding LLC announced that it will be acquiring a Jourdan branch of the Middle East supermarket chain Spinneys. This year, the company also acquired a minority stake in Majid Al Futtaim Hypermarkets LLC.
Neuberger Berman was able to surpass its original target of USD 1.6 billion for its third private equity secondary fund when it raised USD 2 billion.
JZ Capital Partners and Avenue Capital Group joined hands to form Toro Finance, a new investment vehicle that would focus on financing small and medium-sized companies based in Spain.
Fortune 500 Western Refining Inc. was negotiating a purchase of a majority stake in Northern Tier Energy LP for USD775 million to capitalize on the rising oil production in the US.
Canadian company Saputo Inc's AUD449 million offer for Warrnambool Cheese and Butter Factory Holdings Ltd. has been recommended by the WCB board and subsequently approved by the Australian government.
KPMG launched its new USD100 million investment fund, London-based KPMG Capital, which would help identify and develop big data analytics firms all over the world.
