Deal roundup, 3.16.15

  • Gym operator Life Time Fitness Inc said it would be taken private by Leonard Green & Partners and TPG in a deal valued at over $4 billion.
  • Buyout firm Apollo Global Management LLC is in advanced talks to acquire most of the assets of Digital First Media, publisher of the Denver Post and San Jose Mercury News, for around $400 million, Reuters reported.
  • More than four years after buying Atkins Nutritionals, Roark Capital is moving forward with plans to sell the company, Buyouts reported.
  • Endo International Plc said it would withdraw its cash-and-stock offer to acquire Salix Pharmaceuticals Ltd after Valeant Pharmaceuticals International Inc increased its bid for the bowel drug maker.
  • Royal Bank of Scotland is exploring options for the sale or wind-down of its corporate and institutional banking operations in central and eastern Europe, the Middle East and Africa, a spokeswoman for the bank said on Monday.
  • Specialty chemical maker A. Schulman Inc said it would buy privately held Citadel Plastics Holdings Inc for $800 million to expand its specialty business that makes moldable plastics.
  • U.S. media group Scripps Networks Interactive agreed to buy a majority stake in Polish broadcaster TVN for 584 million euros ($619 million), gaining a foothold in a TV advertising market where revenues beat the global average and grew 6 percent last year.
  • A top-10 shareholder in Holcim said on Monday a planned merger with French rival Lafarge could collapse if deal terms are not renegotiated in the Swiss cement maker’s favor.
  • Dutch food and dietary supplements maker DSM will sell a 65 percent stake in two of its chemicals subsidiaries to CVC Capital Partners for at least 300 million euros ($316 million) in cash.
  • Finnish retailer Kesko has agreed to sell loss-making homeware chain Anttila to German investment fund 4K Invest, enabling the company to raise its profit forecast for the year.
  • French auto parts maker Valeo is open to acquisitions to bolster its presence in growth areas, Chief Executive Jacques Aschenbroich said on Monday.
  • Philippine contractor Megawide Construction Corp said it was interested in taking part in a $1.1 billion government tender to build and maintain a prison north of the capital.
  • Owners representing 95.18 percent of shares in Scandinavian music streamer Aspiro have accepted a $54 million offer for the firm from Project Panther Bidco, a company controlled by hip-hop star Jay-Z, according to a press release on Monday.
  • Activist Elliott Advisors, the largest individual shareholder in Alliance Trust Plc, is seeking support from fellow investors for a boardroom reshuffle following a phase of unsatisfactory engagement with executives over poor performance.
  • Singapore’s anti-trust regulator blocked a takeover for the first time when it provisionally ruled last week that Malaysian IHH Healthcare Bhd’s planned purchase of a local unit of India’s Fortis Healthcare would lessen competition.
  • New Zealand’s Fonterra Co-operative Group Ltd said it paid $553 million for a near 20 percent stake in China’s Beingmate Baby and Child Food Co Ltd, as it looks to boost its presence in the country’s branded dairy industry.
  • Barrick Gold Corp may put its Chilean copper mine on the block as the Canadian miner tries to meet an ambitious debt reduction target, the Financial Times reported.
  • British advertising group WPP Plc has bid for a majority stake in Dunnhumby, the customer data business put up for sale by Tesco Plc, a person familiar with the situation said.

 

($1 = 0.94 euro)

(Compiled by Yashaswini Swamynathan and Rosmi Shaji in Bengaluru; Additional reporting and editing by Buyouts staff.)