DEAL OF THE DAY: Barnes & Noble’s future as a takeover target is more mystery than romance. The U.S. bookstore’s founder Leonard Riggio, who owns just shy of 20 percent of the company, wants to take the struggling $485 million chain private. Even with conservative assumptions, a leveraged buyout – at least on paper – could do well. The key is to cook up a decent ending. (Compiled by Aakash Jagadeesh Babu in Bengaluru)
** Western Australia state will sell its horse-race betting business and levy a new tax on foreign bookmakers, the state treasurer said.
** Lactalis, the world’s largest dairy firm, said it had agreed to buy the chilled dairy business of Nestle in Malaysia in a deal worth about $40 million.
** Poland’s state-run fund PFR has agreed to buy back its mountain cable car operator PKL from private equity fund Mid Europa Partners for an undisclosed sum.
** Swiss specialty chemicals maker Clariant expects to raise 1 to 2 billion Swiss francs ($2.01 billion) from selling portions of its plastics and coatings business, Chief Executive Hariolf Kottmann said in an interview with the Tages-Anzeiger newspaper.
** Nelson Peltz’ Trian Fund Management LP is evaluating a takeover bid for Papa John’s International Inc, the Wall Street Journal reported, citing people familiar with the matter.
** Chinese gaming and social media firm Tencent Holdings Ltd paid $180 million for an undisclosed minority stake in Brazilian financial technology company Nu Pagamentos SA, both companies said.
Our Senior Executive Advisors are here help you with you Management Buy Out (MBO) plans. Board Members and CXOs all need to take look at MBO option.
This is a beta blog and we look forward to launching an amazing blog soon!
This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a beta blog and will not be updated.
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Investor Network by JD
|• Drake Automotive Group, which is backed by Huron Capital, acquired DV8 Offroad, a Riverside, Calif.-based maker of off-road accessories and wheels. Financial terms weren’t disclosed.
• Veritas Capital will buy Cotiviti Holdings Inc (NYSE:COTV) in a deal valued at $4.9 billion, according to Reuters. Read more.
• Bain Capital Private Equity is nearing a deal to buy Varsity Brands, a Memphis, Tenn.-based cheerleading uniform and equipment retailer, for $2.5 billion. Read more.
• CVC is in advanced talks to buy a controlling stake in the pharmaceutical business of Italy’s billionaire Recordati family, according to The Financial Times. The deal would value the company at 3 billion euros ($3.5 billion). Read more (subscription required).
• Morgan Stanley Capital Partners made an investment of an undisclosed amount in Comar, a Voorhees, N.J.-based rigid plastics packaging manufacturer of bottles, containers, liquid dosing devices and closures for the healthcare industry. Financial terms weren’t disclosed.
• Polaris Equity Partners agreed to acquire a majority stake in ProData Consult, a Denmark-based IT consultancy focused on business and IT consultants.
If you want a strong exit, M&A seems to be the best exit. We can let you know about Management Buy Out ( MBO ) and initial public offering ( IPO ) options. However, you need to look at what needs to happen six to nine months before you sell your company (Acquisition or MBO or IPO).
Did you want us to drill down on an exit strategy for your private company? Let us show you what happen 2017q3 and our views for the next 12 months. Contact INFO@RedHookCapital.co anytime.
Here is data from earlier in the year for venture-backed companies.
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