VENTURE CAPITAL POST

Pharmaceutical company Ikaria Inc. is seeking an exit reportedly worth $2 billion. Private equity firms American Securities LLC, GTCR LLC and Madison Dearborn Partners LLC have tendered their bids to acquire the American specialty drug manufacturer.

Tomkins Ltd. has began the process for an exit deal that could bring in at least USD6 billion to the British manufacturer. It reportedly hired Goldman Sachs Group to advise on its proposed sale or listing.

Investment firms Carlyle Group, Blackstone Group, Apollo Global Management, Bain Capital, Ares Management and a consortium of Onex Corp and Canada Pension Plan Investment Board are reportedly bidding for Illinois Tool Works' industrial packaging unit in a deal that could bring in USD3 billion.

Tomkins Plc is exploring a sale that could value the private-equity owned global manufacturer of auto parts and building products at as much as $7 billion, several people familiar with the matter said on Friday.

Ikaria Inc is being fought over by BC Partners Ltd, Onex Corp and American Securities LLC, of which the bidding war could fetch up to USD 2 billion for the former, according to sources who were familiar with the matter.

TriArtisan Capital Partners emerged as the top bidder for California-based restaurant operator CKE Inc in a deal valued at almost USD2 billion, according to sources familiar with the situation.

Sources said that Onex Corp. is raising US$4.5 billion for its next fund.

Onex Corp will acquire SGS International Inc for $813 million.