U.K.'s BC partners nears big U.S. deal

Article Abstract:

BC Partners Ltd. is close to purchasing Mark IV Industries Ltd. for as much as $1.2 billion (1.34 billion euros). The deal would be the largest US acquisition ever by a private equity company in Europe.

Foreign operations, England, Financial services industry, Financial services, BC Partners Ltd., Mark IV Industries Inc., IV

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CIT to buy Newcourt for $4.2 billion

Article Abstract:

CIT Group Inc. announced that it has reached an agreement to buy Newcourt Credit Group Inc. in a $4.2 billion deal. The deal will create a financial services firm with managed assets worth over $50 billion. CIT is a provider of commercial and consumer financing. Newcourt is the second-biggest nonbank lender. In the deal, CIT will exchange 0.92 shares of its stock for every share of Newcourt.

Comment:

CIT Group to buy Newcourt Credit Group in $4.2 billion deal

All Other Nondepository Credit Intermediation, Finance Leasing, Misc. business credit institutions, Commercial finance companies, Lease financing, CIT Group Inc., Newcourt Credit Group Inc., NCT

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KKR acquires 4.9% stake in TI Group; firm to help U.K. concern look for deals

Article Abstract:

British engineering firm TI Group PLC has sold a 4.9% interest toKohlberg, Kravis, Roberts and Co. for $153 million. The investment firm intends to use TI Group to finance further acquisitions in both the United States and Europe.

United Kingdom, Diversified Companies, Engineering Services, Engineering & Architectural Svcs, Engineering & Architectural Services, Construction industry, Design services, TI Group PLC, Kohlberg Kravis Roberts & Co.

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