Acquisition

Orange picks up USD.1.4 from sale of Dominican Unit to Altice

Cable and telecommunications investor Altice's acquisition of Orange Dominicana SA was made in order to expand its already growing empire in the media business in the Dominican Republic.

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Gazprom expands media business with Profmedia acquisition

Despite investor criticism it received for paying more investment attention on its non-core division, Gazprom announced on Tuesday in a joint statement that it had acquired Profmedia from metals tycoon Vladimir Potanin.

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Bayer in negotiations regarding USD2.4 billion acquisition of partner Algeta

Despite the offer at a 27% premium from yesterday's trading close of Algeta ASA's shares, the Norwegian company said through a spokesperson that it does not guarantee that it will accept Bayer AG's offer.

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Yara International grows further in South America with OFD Holding purchase

Yara International will be expanding its South American footprint further with its agreement to acquire OFD Holding Inc from Omimex Resources Inc for USD 425 million.

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Jones Energy inks definitive agreement to buy USD 195 million worth of assets in Anadarko Basin

Jones Energy Inc has signed a deal to purchase oil and gas assets in the Andarko Basin from a private seller. The price tag for the producing and undeveloped assets is USD 195 million.

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KKR exits, private equity firms find partnerships for IMG bid

People who were familiar with the auction process told Reuters that KKR & Co LP had dropped out of the race to acquire talent agency IMG Worldwide Inc, while buyout firms have partnered up in the hopes of gaining a strategic advantage in the auction.

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Branson's Virgin Connect acquires Nizhny Novgorod telephone and broadband operator

The acquisition by Virgin Connect-affiliate Trivon AG of The MegaMax Group in the Nizhny Novgorod region of Russia dispelled a rumor about the former's business in trouble in the region.

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Owner sues seller, media companies over misinterpretation of Houston Astros value

Drayton McLane Jr, Comcast and NBC Universal said that Jim Crane's claim that they cheated him out of the acquisition deal of US professional baseball team the Houston Astros was ludicrous.

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Fisker Automotive seeks bankruptcy protection

Fisker Automotive Inc filed for bankruptcy and plans for its assets to be acquired by Hybrid Technology. The group included Richard Li, the son of Hong Kong's richest man.

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Aurora Capital Group completes acquisition of National Technical Systems

Aurora Capital Group has completed its previously-announced acquisition of National Technical Systems. The cash acquisition priced at USD 23 per share was at a 39% premium to the closing price of NTS on August 15.

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AssuredPartners completes purchase of Stoutamire-Pavlik & Associates

Florida-based AssuredPartners closed its acquisition of Stoutamire-Pavlik & Associates Inc, an independent insurer located in Monticello Florida. No financial details were given about the deal.

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Bain Capital to stop acquisition talks with TI Automotive due to price disagreement- sources

Bain Capital Partners was said to have stopped talks to acquire auto parts maker TI Automotive because the parties could not agree on the price for the deal.

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US Bancorp subsidiary purchases Quintillon to expand its alternative investment business in Europe

The consolidation of US Bancorp Fund Services and Quintillion Limited would allow the former to expand its operations in Europe via its new strategic headquarters in Dublin.

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Apartment List raises USD15 million in Series A financing lead by Matrix Partners

The USD15 million in new investment Apartment List managed to raised in its recently-concluded Series A financing would go towards the efforts of making the platform more friendly to apartment renters.

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Roark Capital adds another restaurant group to its portfolio in acquisition deal with Apollo

Roark Capital emerged victorious over rival bidders TriArtisan Capital Partners and Pamplona Capital Management to acquire restaurant group CKE Inc, which is the parent company of fast food chains Hardees and Carl's Jr.

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