Health Care REIT acquires 75% of shareholdings, including debt and prepares for the IPO. Health Care REIT has agreed to pay Revera Inc, the Canadian senior housing operator, the amount of US$697 million in cash in exchange for a majority ownership in the 47 senior housing communities it operates.
Leveraged Buyouts
Pier House Resort and Spa bought by Ashford Hospitality
Ashford Hospitality purchases the Pier House Resort for US$90 million cash. The Ashford Hospitality Trust, Inc. announced today that it has already inked a final contract to purchase the Pier House Resort and Caribbean Spa in Key West, Florida that has 142 rooms for an estimated amount of US$90 million cash.
Granite Partners' Investment in SIM Digital Allows Acquisition of PS Production
Granite Partners invests in SIM Digital which in turn uses the investment to purchase PS Production.
OMERS acquires Civica
OMERS acquires Civica from 3i for GBP390 million. The Ontario Municipal Employees Retirement System's private equity investment unit OMERS Private Equity has completed the purchase of Civica from private equity firm 3i.
SMBC Acquires 40% of BTPN
SMBC formalizes acquisition of 40% of BTPN. Sumitomo Mitsui Banking Corp has agreed to acquire nearly 40% of BTPN the Indonesian financial institution.
Latest News
China Mengniu Dairy Co Ltd purchases shareholdings in China Modern Dairy Holdings. The China Mengniu Dairy Co. Ltd has recently entered into an agreement to purchase US$410 million shareholdings in the largest unpasteurized milk producer in China.
Petronas of Malaysia has purchased a stake in a Brazilian oil field owned by Eike Bautista. Petronas, the state backed Malaysian oil company Petronas has entered into an agreement to pay US$850 million for a stake in an oil field located offshore in Brazil.
SoftBanks's CEO may meet a cold reception when their founder and president meets with Sprint shareholders.
Relay Ventures acquires theScore shares Relay Ventures had recently announced the purchase of 35,937,500 Class A shares for theScore Inc. The price per share is US$0.
Starwood Capital subsidiary purchases Blue Back Square Development for an undisclosed amount. Starwood Capital and Starwood Retail announced today that an associate acquired Blue Back Square.
Danone expands business in Turkey's bottled water market with the purchase of Sirma. The owner of the Evian water brand, Danone, has acquired a 50.
Medifox Group to grow with ECM Equity at the helm. On Tuesday, German Equity Partners IV, a fund administered by the independent German private equity firm, ECM Equity Capital Management GmbH has purchased MediFox Group.
Euroling has been purchased by EPiServer for the enhancement of its search engine SiteSeeker. EPiServer disclosed its purchase of Euroling, the Sweden based search provider.
Masayoshi Son, Softbank's founder and president is set to travel to the US to meet with major Sprint-Nextel shareholders.
