Sectors
Halifax Announces the Sale of PolyPipe
The Halifax Group, a private equity firm that partners with management to invest in growing entrepreneurial companies, announced today that it has sold PolyPipe Holdings, Inc. (“PolyPipe”) to Dura-Line Holdings, Inc. Terms of the sale were not disclosed.
Australia's PEP sweetens offer for Spotless: sources
Pacific Equity Partners (PEP) has sweetened its takeover offer for Spotless Group (SPT.AX), bringing the deal value above the A$743 million ($765 million) that the Australian business services company has been seeking, two sources with knowledge of the deal told Reuters.
CVC Capital to buy majority stake in AlixPartners
Private equity firm CVC Capital Partners Ltd will buy a majority stake in AlixPartners LLP as the restructuring and consulting firm looks to develop its services and expand geographically.
SMFG buys stake in China asset management firm -sources
Sumitomo Mitsui Financial Group will buy a 24 percent stake in a mid-sized Chinese asset management firm for around $125 million, two sources with direct knowledge of the matter said, a move that would be its first foray in China's wealth management market.