Amanda Janis
CEVA Logistics, an Apollo portfolio company, has offered $1.8 billion in cash for transport and logistics firm EGL. The offer, Apollo’s fourth, is a 13.2 percent premium over an agreed Centerbridge-backed bid that Apollo is trying to block with litigation.
US middle market buyout shop Olympus has closed its fifth fund on $1.5 billion.
Battery Ventures has hired away two tech industry professionals, VeriSign’s Matt Niehaus and Google’s Satya Patel.
KKR’s Euronext-traded affiliate has invested $167.4 million in convertible preferred stock of Japanese credit card firm Orient. It is the publicly traded vehicle’s second PIPE.
CEVA Logistics, an Apollo portfolio company, has offered $1.8 billion in cash for transport and logistics firm EGL. The offer, Apollo’s fourth, is a 13.2 percent premium over an agreed Centerbridge-backed bid that Apollo is trying to block with litigation.
BISYS, a provider of outsourcing solutions for the investment and insurance industries, is set to be acquired by Citi for $1.5 billion; it will then sell two BISYS divisions to JC Flowers.
Dutch retail giant Royal Ahold has agreed to sell its food distribution company, US Foodservice, to KKR and CD&R for $7.1 billion.
Arlett Tygesen, former executive director of the Institutional Limited Partners Association, has joined Bear Stearns’ recently created Private Funds Group.
CDW, a low-cost tech product retailer for businesses, governments and schools, is set to be acquired by Chicago-based Madison Dearborn in a $7.3 billion transaction.
BISYS, a provider of outsourcing solutions for the investment and insurance industries, is set to be acquired by Citi for $1.5 billion; it will then sell two BISYS divisions to JC Flowers.