A consortium led by Apax Partners has had a revised offer for UK media group ITV rejected by the company’s board. The consortium said it would not proceed further with its proposal.
The Sydney-based private equity firm has carried out its second deal of the week, acquiring New Zealand biscuit and snack brand business Griffin’s Foods.
JW Childs and Merrill Lynch Global Private Equity completed a $1.05 billion deal to buy Advantage Sales & Marketing. Allied Capital, the company’s previous owner, realised $430m in proceeds from the sale.
Los Angeles- and New York-based Qualia Capital has agreed to take over Gaylord Films and Rysher Entertainment in a reported $100m deal. The transaction represents private equity’s continued drive into the entertainment space.
CVC’s acquisition vehicle Alpha Prema now controls 100% of the motor racing business following the acquisition of a remaining interest from Lehman Brothers.
Hong Kong’s SAIF Partners has acquired a 6.6% stake in flexible packaging films company Jindal.
Honeywell has agreed to sell the crash test dummies unit of newly acquired First Technology PLC to HgCapital for $87.3 million.
Singapore’s Temasek Holdings is poised to become the single largest shareholder in Standard Chartered following an agreement to acquire an 11.55 percent stake in the UK bank which has a strong Asian franchise.
Australian private equity firm Pacific Equity Partners will reap more than fives times its money from the realisation of its investment in a local financial services platform provider.
ESecLending is the latest financial technology company to be bought by the Boston-based firm, in what could be the first investment for TA’s new $3.5 bn fund.