The low-cost carrier said it began legal proceedings "through the filing of a misdemeanor case" in a court in Sharjah, the United Arab Emirates. "Air Arabia Group has investments outstanding with private equity firm Abraaj," it said in a statement.
Quadrant is said to have held initial discussions with a few private equity firms and a formal sale process is expected to kick-off in the coming months. The post Australia's Quadrant PE explores sale of $1.4b Fitness and Lifestyle Group: Report appeared first on DealStreetAsia.
Genstar Consolidates Portfolio Holding Strategic Insight Into Iss Division | Swfi - Sovereign Wealth Fund Institute
U.S. proxy firm Institutional Shareholder Services Inc. (ISS) signed a deal to acquire Strategic Insight Inc., a mutual fund data provider which owns a collection of news sites and databases. The newly-acquired firm will be under ISS Analytics. Both ISS and Strategic Insight are portfolio companies of San Francisco-based private equity firm Genstar Capital. Strategic [...]
* Sika makes biggest ever deal with $2.5 billion Parex acquisition. : ZURICH (Reuters) - Swiss chemicals company Sika AG (SIKA.S) has agreed to buy French rival Parex in a 2.5 billion Swiss franc ($2.6 billion) deal, the latest in a wave of consolidation in the construction materials sector. The global market for construction chemicals, whose products are used to waterproof and strengthen cement in projects such as the Gotthard Base Tunnel under the Alps, is worth around $70 billion, analysts estimate. Sika is buying Parex from private equity firm CVC Capital Partners.
AION Capital, a joint venture between ICICI Venture and Apollo Global Management has acquired back-end services unit of Indigo airline, Interglobe Technologies (IGT), for an undisclosed amount. AION Capital has a committed capital of USD 825 million, according to a statement. Its website says its objective is to invest in stressed, distressed and special credit opportunities. IGT was founded by budget carrier Indigo's parent Interglobe Enterprises in 1998 and services 70 customers engaged in travel and hospitality globally as a business process management company, an official statement said.
Santa Claus has finally begun to make his rounds for ex-Toys 'R' Us employees. Former staffers who lost their jobs when the toy chain liquidated last June began receiving checks from a $20 million hardship fund that was established by KKR and Bain Capital, the buyout firms that led the chain into bankruptcy in late...
Private Equity Buyouts Have Become Viable Exit Options -- Even For Early-stage Startups - Techcrunch
About 13 years ago I faced an excruciating decision: whether to sell my company, Pinnacle Systems, to a private equity firm or to another large public company.
BNP Paribas, which owns 22% in SBI Life, is selling its stake as Indian regulations require the insurer to raise its free float to 25%. The post India Digest: Carlyle leads race for SBI Life stake; TPG may control Abraaj fund appeared first on DealStreetAsia.
An interview with Zubin Karkaria, founder of VFS Global and CEO of Kuoni. : Zubin Karkaria, chief executive officer of Kuoni Reisen Holding AG, poses for a photograph following the company's extraordinary general meeting in Zurich, Switzerland, on Monday, May 2, 2016. EQT Partners AB won the bidding for Swiss travel services company Kuoni Reisen Holding with a 1.39 billion-franc ($1.4 billion) offer and the Swedish buyout firm said it plans further acquisitions in the industry.
Private equity firm Carlyle Group LP is nearing a deal to acquire aviation services company StandardAero from Veritas Capital, another buyout firm, for more than $5 billion, including debt, people familiar with the matter said on Monday.