Greg's Feed
Sep 2, 2015

HP seeks to sell cyber security unit TippingPoint: sources

By Liana B. Baker and Greg Roumeliotis

(Reuters) – Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) is exploring a sale of computer network security solutions unit TippingPoint ahead of a corporate split later this year, according to people familiar with the matter.

Private equity firms have expressed interest in TippingPoint, the people said this week. The unit could be valued at between $200 million to $300 million, the people added.

Sep 1, 2015

McGraw-Hill Education hires underwriters for IPO: sources

By Liana B. Baker and Greg Roumeliotis

(Reuters) – McGraw-Hill Education is pressing ahead with plans to go public and has hired underwriters to assist in an initial public offering valuing the company between $5 billion and $6 billion, including debt, according to people familiar with the matter.

The company’s owner, private equity firm Apollo Global Management LLC (APO.N: Quote, Profile, Research, Stock Buzz), has tapped Credit Suisse Group AG (CSGN.VX: Quote, Profile, Research, Stock Buzz) and Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) to lead the offering.

Aug 27, 2015

Exclusive: B&G Foods in the lead to buy General Mills’ Green Giant – sources

By Lauren Hirsch and Greg Roumeliotis

(Reuters) – Snack food company B&G Foods Inc (BGS.N: Quote, Profile, Research, Stock Buzz) is in late-stage discussions to acquire General Mills Inc’s (GIS.N: Quote, Profile, Research, Stock Buzz) Green Giant frozen and canned vegetable business, people familiar with the matter said on Thursday.

If B&G prevails in the auction for Green Giant, it would expand beyond its shelf-stable snack food into the frozen food aisle. Its negotiations with General Mills are ongoing and there is no certainty a deal will be reached, the sources said.

Aug 26, 2015

Greece says deal with Germany’s Fraport should be completed in March

ATHENS, Aug 26 (Reuters) – Greece may wrap up a deal with
Germany’s Fraport in March for an airports concession
the country promised to award to the private sector, in one of
the reforms required as part of its 86 billion-euro bailout, the
Greek economy minister said on Wednesday.

The comments by George Stathakis came after Fraport said
earlier this month it expected delays in the 1.2 billion-euro
deal. Greece has pledged to raise 1.4 billion euros from
privatisations this year, a goal that is now in doubt following
Prime Minister Alexis Tsipras’s resignation.

Aug 23, 2015

Greek coalition process crawls as election calls accelerate

ATHENS, Aug 23 (Reuters) – Greek opposition leaders made
zero progress on Sunday as they pressed on with trying to form a
new coalition, despite appeals from home and abroad for a rapid
move to elections so the country can deal with its simultaneous
economic and humanitarian crises.

Conservative leader Evangelos Meimarakis spent the third and
final day offered to him by Greece’s president to form a
government in vain, rebuffed by leftist outgoing Prime Minister
Alexis Tsipras and the leaders of smaller parties in parliament.

Aug 23, 2015

Greek coalition process crawls as election calls grow

ATHENS (Reuters) – Greek opposition leaders took things easy on Sunday in their quest for a new coalition, ignoring calls from home and abroad for a rapid move to elections so the country can deal with its simultaneous economic and humanitarian crises.

No face-to-face talks were scheduled for the day of rest, although conservative leader Evangelos Meimarakis planned to ring the head of the unreformed KKE communist party – a likely exercise in futility even if the call goes ahead.

Aug 19, 2015

Solera explores sale to private equity -source

Aug 19 (Reuters) – Solera Holdings Inc, which
provides technology services to insurance companies, is in
advanced talks to sell itself to private equity firms, according
to a person familiar with the matter.

At least one of the private equity firms has arranged
financing for the acquisition, the person added.

Aug 12, 2015

Exclusive: TPG close to $3.5 billion deal to buy Ellucian – sources

By Liana B. Baker and Greg Roumeliotis

(Reuters) – Buyout firm TPG Capital LP is in advanced talks to acquire Ellucian Company LP, in a deal that could value the U.S. provider of software to universities and colleges at $3.5 billion, including debt, people familiar with the matter said.

Ellucian’s owners, private equity firms Hellman & Friedman LLC and JMI Equity, are in the final stages of negotiating the deal with TPG after running an auction for the company, the people said on Wednesday, cautioning that the talks could still fall through. If the negotiations are successful, a deal could be announced later this month, the people added.

Aug 12, 2015

TPG close to $3.5 billion deal to buy Ellucian-sources

Aug 12 (Reuters) – Buyout firm TPG Capital LP is in advanced
talks to acquire Ellucian Company LP, in a deal that could value
the U.S. provider of software to universities and colleges at
$3.5 billion, including debt, people familiar with the matter
said.

Ellucian’s owners, private equity firms Hellman & Friedman
LLC and JMI Equity, are in the final stages of negotiating the
deal with TPG after running an auction for the company, the
people said on Wednesday, cautioning that the talks could still
fall through. If the negotiations are successful, a deal could
be announced later this month, the people added.

Aug 12, 2015

Exclusive – Armored car security company Garda explores sale: sources

By Mike Stone and Greg Roumeliotis

(Reuters) – Garda World Security Corp, a security services firm that provides armored transportation and guards, is exploring a sale that could value it at more than C$3 billion ($2.31 billion) including debt, people familiar with the matter said on Wednesday.

Garda is working with investment banks Bank of America Corp (BAC.N: Quote, Profile, Research, Stock Buzz), Jefferies LLC and Royal Bank of Canada (RY.TO: Quote, Profile, Research, Stock Buzz) and is in talks with a small number of private equity firms about a potential deal, according to the people.