Tyco International Inc's South Korean security systems unit ADT Caps is reportedly attracting bids from private equity firms including KKR & Co LP and Bain Capital.
Tags: Exit
Sandell Asset Management urges FirstGroup to sell US businesses- report
A Financial Times report said activist investor Sandell Asset Management has written a letter to UK transport group FirstGroup to sell its US businesses so it can pay down debt.
GM Holden decides to halt auto manufacturing in Oceania by 2017
Hours after announcing the departure of chief executive Dan Akerson, the Holden unit of General Motors Co announced its decision to halt its auto making operations in Australia by 2017.
Private equity owners of Norway-based Lindorff selects banks for planned listing - sources
Reuters heard from five anonymous sources that Norway-based debt collector Lindorff's owners, Swiss Investor AB and private equity firm Altor, had already hired banks to lead the Nordic company's IPO.
No decision yet on GM Holden's exit in Australia
General Motors Co has not yet arrived at a decision on whether to exit manufacturing in Australia but said government help would be needed for its long-term survival.
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A December 4 interview conducted by Bloomberg with Industry Ministry Monica Maeland revealed Norway's plans to divest some of its holdings in several companies including Statoil ASA.
The rally of Corpbanca's high-grade bonds in the merging markets indicated investors' demand for the Chilean bank to find a buyer soon. Corpbanca is run by Chilean billionaire Alvaro Saieh.
Lloyds Banking Group is to divest its Irish home loans to an affiliated company of private equity firm Apollo Global Management in a deal worth GBP 257 million.
According to third quarter results released by Russian bank VTB Group, the bank already sold a 50% stake in Tele2 that it acquired earlier in April this year for RUB40.4 billion or USD1.2 billion.
LeapFrog Investments exited from Express Life, a Ghanaian insurer, by selling a majority stake it held in the firm to Prudential Plc for an undisclosed amount.
Australia electronics chain Dick Smith Holdings Ltd's rise on the Australian Stock Exchange had put its enterprise value to five times its value at the time of its buyout at AUD534 million.
Repsol Chairman Antonio Brufau insisted on Tuesday that the government of Argentina should offer a compensation package that will convince the Spanish oil firm to settle the expropriation of its stake in energy firm YPF.
The Australian Private Equity and Venture Capital Association revealed statistics which indicated that private equity activity in the region had heated up following a soft period.
According to sources interviewed by Bloomberg, private equity firm KKR & Co has hired Goldman Sachs Group Inc to assist them in the sale of UN Ro-Ro Isletmeleri, a Turkish shipping company.
