Soyoung's Feed
Apr 15, 2014

Exclusive: Surgical device maker ConMed Corp explores sale of company – sources

By Soyoung Kim and Olivia Oran

(Reuters) – ConMed Corp, a surgical device maker that has been fighting off activist investors, is exploring a sale and has contacted large medical device companies to gauge their buyout interest, people familiar with the matter said on Tuesday.

Utica, New York-based ConMed, which has a market capitalization of just over $1.2 billion, has been under pressure since late last year from activist investors who took issue with the company’s performance and corporate governance.

Apr 15, 2014

Surgical device maker ConMed Corp explores sale of company -sources

April 15 (Reuters) – ConMed Corp, a surgical device
maker that has been fighting off activist investors, is
exploring a sale and has contacted large medical device
companies to gauge their buyout interest, people familiar with
the matter said on Tuesday.

Utica, New York-based ConMed, which has a market
capitalization of just over $1.2 billion, has been under
pressure since late last year from activist investors who took
issue with the company’s performance and corporate governance.

Apr 14, 2014

Investors support deals spree, happy to see U.S. companies buy growth

NEW YORK (Reuters) – After years of responding to shareholder calls for stock buybacks and dividends, major American companies are hearing a different demand from investors: buy growth.

In a low-growth economy in which earnings gains have trailed a run-up in share prices, investors are ready to endorse big deals if that’s what it takes to boost revenue and profits.

Apr 11, 2014

Exclusive: Morgan Stanley near deal to sell Learning Care – sources

NEW YORK (Reuters) – Morgan Stanley’s (MS.N: Quote, Profile, Research, Stock Buzz) private equity arm is in advanced talks to sell Learning Care Group Inc, the second-largest for-profit child care provider in North America, to buyout firm American Securities LLC, people familiar with the matter said.

The deal, which is expected to come later in April, underscores the growth potential of child care providers as demand for their services grows. Shares of Bright Horizons Family Solutions Inc (BFAM.N: Quote, Profile, Research, Stock Buzz), the largest U.S. child-care provider, have soared 76 percent since buyout firm Bain Capital LLC took it public in January 2013.

Apr 11, 2014

Exclusive: Michael Foods near $2.5 billion sale; in talks with Tyson, Post – sources

NEW YORK (Reuters) – Michael Foods Group Inc is in advanced talks to sell itself for close to $2.5 billion, with Tyson Foods Inc (TSN.N: Quote, Profile, Research, Stock Buzz) and Post Holdings Inc (POST.N: Quote, Profile, Research, Stock Buzz) emerging as final contenders to clinch a deal, people familiar with the matter said on Friday.

A transaction is expected to come in the next two weeks for the egg and dairy products producer, which has been put up for sale by Goldman Sachs Group Inc’s (GS.N: Quote, Profile, Research, Stock Buzz) private equity arm, the people said.

Apr 11, 2014

First Choice Emergency hires Goldman, Deutsche for IPO -sources

NEW YORK (Reuters) – First Choice Emergency Room has tapped Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) and Deutsche Bank AG (DBKGn.DE: Quote, Profile, Research, Stock Buzz) to prepare an initial public offering that could come in the second quarter of this year, people familiar with the matter said on Friday.

First Choice, the largest freestanding emergency room network in Texas and backed by private equity firm Sterling Partners, is the latest in a string of private equity-owned healthcare services companies looking to go public this year.

Apr 8, 2014

Exclusive: Fiber network company Zayo explores IPO – sources

NEW YORK (Reuters) – Zayo Group LLC is exploring an initial public offering that could value the fiber network company at close to $7 billion, people familiar with the matter said, amid strong investor appetite for telecommunication firms offering more bandwidth.

An IPO would come as Zayo’s peers, including Level 3 Communications Inc (LVLT.N: Quote, Profile, Research, Stock Buzz), see strong gains in the stock market due to growing demand for ever-faster data transfers. Shares of Level 3 have almost doubled in the last 12 months.

Apr 8, 2014

Fiber network company Zayo explores IPO -sources

NEW YORK, April 8 (Reuters) – Zayo Group LLC is exploring an
initial public offering that could value the fiber network
company at close to $7 billion, people familiar with the matter
said, amid strong investor appetite for telecommunication firms
offering more bandwidth.

An IPO would come as Zayo’s peers, including Level 3
Communications Inc, see strong gains in the stock
market due to growing demand for ever-faster data transfers.
Shares of Level 3 have almost doubled in the last 12 months.

Apr 1, 2014

Exclusive: Chemical distributor Univar explores IPO – sources

NEW YORK (Reuters) – Univar Inc, the largest chemicals distributor in North America, is exploring an initial public offering that could value the private equity-owned company at more than $6 billion, according to people familiar with the matter.

Univar’s preparations for a possible public offering highlight the resurgence of the U.S. chemicals sector, which has benefited from cheap feedstock on the back of low natural gas prices.

Mar 27, 2014

Exclusive: Aircraft lessor Avolon prepares for IPO – sources

NEW YORK (Reuters) – Aircraft lessor Avolon is preparing for an initial public offering this year, two people familiar with the matter said, in a bet that yield-hungry investors eyeing growing demand for air travel would sustain a recent boom in aircraft finance.

Avolon, which is backed by private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners, as well as Singapore’s sovereign wealth fund, has been interviewing investment banks in the last few weeks to hire underwriters for an IPO, the sources said on Thursday.