Clayton Dubilier & Rice, a US buyout firm, is set to take advantage of growing private equity interest in wholesale and distribution businesses by selling Brakes, a UK catering business valued at about £1.2 billion.
A group of investors, including Blackstone Real Estate co-head Chad Pike, discussed the evolution of private equity real estate and infrastructure during a panel discussion yesterday at MIPIM.
Alliance Boots, the UK retail chain that recently rejected a £10 billion buyout offer from Kohlberg Kravis Roberts, has lost one of its brokers to the bidding team, fuelling speculation that an improved offer may be forthcoming.
A commitment to California’s ThermaSource by Carlyle Group and Riverstone will contribute to the development of the Bottle Rock geothermal power project.
London-based Europa Capital has held a first close of €100m on its new fund targeting property in Eastern and Southeastern Europe, which is being headed up by former EBRD pro Tim Norman.
New York frozen dairy dessert retailer Tasti D-Lite has been acquired by buyout firm SPG, which sourced the deal from buyout legend Thomas H. Lee, who is also one of the deal’s co-investors.
Internet protocol takes centre stage in Amadeus follow on funding of ip.access, which provides a seamless transition between mobile and home broadband for mobile phone users.
The company’s private equity arm will aim $100m at to back venture funds targeting emerging markets and sectors beyond Nokia’s core business.
Twenty-nine percent of the fund has already been invested in two portfolio companies, both bought in 2005.
Global private equity placement agent Helix continues its US expansion, with the addition of a senior vice president to its New York office.