Sura and Bank of Nova Scotia shelled out US$258 million each to acquire BBVA Horizonte of Peru. The financial conglomerate Sura of Colombia together with the Bank of Nova Scotia had announced the purchase of BBVA Horizonte, the Peruvian pension fund.
Tags: Acquisition
PAI Partners Acquires R&R Ice Cream
PAI Partners purchases R&R Ice Cream for Eur235 million paid through a payment in kind toggle note. PAI Partners, the private equity firm is financing its acquisition of R&R Ice Cream from its owners Oaktree.
Telenor ASA Purchases HTO
Telenor ASA purchases HTO's Bulgarian mobile unit. The biggest telecommunications operator in the Nordic region Telenor ASA has entered into an agreement to purchase Hellenic Telecommunications Organization SA's Bulgarian mobile subsidirary for Eur717 million or US$934 million.
Valeant Acquires Actavis
Valeant Pharmaceuticals is in discussion to acquire Actavis for about US$13 billion. Valeant Pharmaceuticals International Inc, the largest publicly listed drug maker in Canada, is in discussion to purchase generics pharmaceutical firm Actavis Inc for US$13 billion.
OBAS Acquires Rieber and Son
Orkla Brands SA has purchased 90.11% shareholdings in Riber and Son ASA and is required to purchase all other outstanding shares.
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IAG purchases Vueling at Eur9.25 per share totalling Eur123.5 million. The Spanish stock market authority announced last Tuesday that IAG airline had enough bid acceptances to gain control of the airline Vueling.
Ayala Corp's Stream Global purchases LBM Holdings of UK for an undisclosed amount. Ayala Corp's outsourcing unit has completed the acquisition of the top business process outsourcing companies in the United Kingdom.
Reliance Communications' discussions with Batelco has broken down. India's third largest cellular carrier in terms of customer base, Reliance Communications Ltd had announced that it has withdrawn from discussions with Bahrain Telecommunications for the sale of a stake in its enterprise subsidiary.
KPMG purchases Makinson Cowell to assist in determining shareholder opinion on company management. KPMG is in the process of acquiring Makinson Cowell, the London-based corporate advisory firm.
HitecVision acquires Deep Sea Mooring. HitecVision was pleased to inform the public on its hundred percent acquisition of the Deep Sea Mooring. In 2008, Odfjell Drilling established Deep Sea Mooring (DSM) from a domestic mooring service provider to one of the top three service providers of mooring for exploration and production companies and rig owners in Norway.
KKR acquires luxury RTW retailer SCMP Group. The private equity firm Kohlberg Kravis Roberts & Co with its afflilates has signed an agreement to purchase a majority shareholder's stake in SMCP Group.
Verdesian Life Sciences acquires Plant Syence for an undisclosed amount. Verdesian Life Sciences, a subsidiary of Paine & Partners has announced the acquisition of all the assets of Plant Syence Ltd and its affiliates.
Carlyle and Palamon acquires DBG Ltd from Synova Capital. Global asset manager The Carlyle Group in conjunction with Palamon Capital Partners have announced the acquisition of DBG Limited from Synova Capital.
Reliance Steel acquires Metals USA to merge with RSAC Acquisition Corp, a subsidiary of Reliance Steel.
