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NEWS RELEASE CVC Capital to Buy Extended Warranty Company | Advent International, a European private equity firm, agreed to sell Domestic and General, an extended warranty company, to CVC Capital Partners for about $1.2 billion.
"We have been in Brazil for over 20 years and are excited about this partnership with one of the country's leading retailers," said Patrice Etlin, a Managing Partner at Advent International in Brazil, in a statement.
The Advent International Corporation, CVC Capital Partners Ltd. and the Carlyle Group will pay 200 million euros in cash and assume 600 million euros in debt, divided equally among them.
The buyers, including Berkshire Partners, Advent International and Bain Capital, will pay $10.80 for each American Depositary Share, a 9.6 premium over Thursday's closing price.
| The payments processor owned by Advent International and Fifth Third Bancorp is laying plans for an initial public offering that could value the company at as much as $4.5 billion, The Wall Street Journal reports.
The private equity investors, led by Apax, Advent International and Spectrum Equity Investors, reemerged with $67 million for preference stock representing a 60% (since diluted to 48% ) stake in Jazztel.
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The Advent International Corporation, a buyout firm based in Boston, has paid $40 million for a majority stake in Terapia S.A., Romania's No. 4 drug maker.
Total owed to owner (August): £52m at 12 per cent 2012 interest to owner: £4.4m Potential tax avoided in 2012: £1m Priory Group Owner: Advent International Corporation is one of the world's leading global buyout firms.
Advent Offers to Buy Douglas Holding for $1.9 Billion | The private equity firm Advent International has ended a year of talks with a deal to buy Douglas Holding, the German cosmetics retailer.
LONDON – The buyout firm Advent International offered on Monday to buy the German retailer Douglas Holding for around $1.9 billion.
The EMI Group and Advent International, a private equity firm, plan to sell shares of HMV to the public, but EMI will keep a stake in the company.
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