Olivia's Feed
Jun 30, 2015

Exclusive: Centerbridge in talks to buy KIK Custom Products – sources

By Greg Roumeliotis and Olivia Oran

(Reuters) – Private equity firm Centerbridge Partners LP is in advanced talks to acquire household cleaning and personal care products maker KIK Custom Products Inc for around $1.6 billion, including debt, according to people familiar with the matter.

Centerbridge has so far outbid other private equity firms in the auction for KIK, though negotiations are continuing and it remains uncertain whether it can reach an agreement with KIK’s owner, buyout firm CI Capital Partners LLC, the people said this week. CI may decide to sell KIK to another bidder or hold on to the company, the people added.

Jun 23, 2015

Plus-sized retailer FullBeauty seeks sale or IPO -sources

June 23 (Reuters) – FullBeauty Brands Inc is exploring a
sale or an initial public offering that could value the
privately held plus-sized women’s and men’s fashion retailer at
more than $1.5 billion, including debt, according to people
familiar with the matter.

A potential sale comes as investors are looking to
capitalize on the roughly $17.5 billion market for plus-size
fashion in the United States that remains largely underserved by
mainstream retailers, according to market research firm the NPD
Group.

Jun 23, 2015

SoulCycle taps banks for 2015 IPO

By Olivia Oran

(Reuters) – Indoor cycling fitness chain SoulCycle Holdings LLC has hired investment banks for a U.S. initial public offering expected to come later this year, according to people familiar with the matter.

SoulCycle’s IPO preparations underscore the growing popularity of boutique chains that cater to specific workout methods such as spinning, yoga and barre. The chains, which often charge per class rather than a monthly membership fee, have been taking market share from traditional big-box gyms.

Jun 23, 2015

Exclusive – Charterhouse eyes possible $1.1 billion sale of medical company Tunstall: source

LONDON/NEW YORK (Reuters) – British private equity firm Charterhouse [CHCAP.UL] is working with JP Morgan (JPM.N: Quote, Profile, Research) on options for healthcare company Tunstall, in a deal which could value the company at up to 700 million pounds ($1.1 billion), a source familiar with the matter said on Tuesday.

Tunstall provides care services and assisted living for elderly and disabled people at home, with devices like alerting systems and monitoring technology.

Jun 23, 2015

Exclusive: Charterhouse eyes possible $1.1 billion sale of UK medical company Tunstall

LONDON/NEW YORK (Reuters) – British private equity firm Charterhouse [CHCAP.UL] is working with JP Morgan (JPM.N: Quote, Profile, Research, Stock Buzz) on options for healthcare company Tunstall, in a deal which could value the company at up to 700 million pounds ($1.1 billion), a source familiar with the matter said on Tuesday.

Tunstall provides care services and assisted living for elderly and disabled people at home, with devices like alerting systems and monitoring technology.

Jun 23, 2015

Charterhouse eyes possible $1.1 bln sale of UK medical company Tunstall – source

LONDON/NEW YORK, June 23 (Reuters) – British private equity
firm Charterhouse is working with JP Morgan
on options for healthcare company Tunstall, in a deal which
could value the company at up to 700 million pounds ($1.1
billion), a source familiar with the matter said on Tuesday.

Tunstall provides care services and assisted living for
elderly and disabled people at home, with devices like alerting
systems and monitoring technology.

Jun 23, 2015

Exclusive: Plus-sized retailer FullBeauty seeks sale or IPO

By Olivia Oran and Greg Roumeliotis

(Reuters) – FullBeauty Brands Inc is exploring a sale or an initial public offering that could value the privately held plus-sized women’s and men’s fashion retailer at more than $1.5 billion, including debt, according to people familiar with the matter.

The New York-based company, owned since February 2013 by private equity firms Charlesbank Capital Partners and Webster Capital, is working with investment bank JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz) on the potential sale, the people said this week.

Jun 17, 2015

Goldman to summer interns: Don’t stay in the office overnight

NEW YORK (Reuters) – Goldman Sachs Group Inc has told its summer investment banking interns not to stay in the office overnight in a bid to improve working conditions for its junior staff.

The move, according to company sources and confirmed by a Goldman spokesman, illustrates how Wall Street banks are seeking to curb excessive hours worked by young employees who see internships and entry-level jobs as a chance for a lucrative investment banking career.

Jun 10, 2015

Teva switches legal counsel after Mylan challenge

By Olivia Oran

(Reuters) – Teva Pharmaceutical Industries Ltd (TEVA.TA: Quote, Profile, Research, Stock Buzz) has changed the law firm it had tapped for advice on its $40 billion attempt to take over smaller rival Mylan NV (MYL.O: Quote, Profile, Research, Stock Buzz) after a court sided with the latter’s bid to seek a preliminary injunction against the previous law firm.

Teva is now working with Sullivan & Cromwell LLP as legal counsel in its proposal to acquire Mylan, the Israeli drugmaker said late on Monday. It was previously working with another law firm, Kirkland & Ellis LLP.

Jun 8, 2015

Pozen to redomicile as it agrees to buy Tribute Pharmaceuticals

June 8 (Reuters) – Specialty pharmaceuticals company Pozen
Inc said on Monday it would acquire Tribute
Pharmaceuticals Canada Inc for about $144 million, in a
deal that would shift its domicile to Ireland and cut its tax
bill.

The merged company, to be called Aralez Pharmaceuticals Plc,
will focus on cardiovascular treatments and be led by Adrian
Adams, who previously served as chief executive of men’s
healthcare-focused company Auxilium Pharmaceuticals. Auxilium
was acquired by Endo International Plc for $2.6 billion
last year.