Mergers & acquisitions

Dec 10, 2012

American International Group (NYSE: AIG) has agreed to sell almost all of its airplane leasing business (ILFC) to a Chinese investor consortium to upwards of $4.8 billion.

Tiger Brands (Johannesburg: TBS) has agreed to acquire the Mrs. Ball’s Chutney brand from Unilever SA (LSE: ULVR) for approximately $55 million.

Champ Private Equity has hired Macquarie Capital to advise on a sale of Golding Contractors, a provider of civil works and open-cut mining services in Australia, according to Reuters. The deal could be worth upwards of A$400 million.
Google Inc. (Nasdaq: GOOG) had set last Friday as the deadline for acquisition offers on Motorola's set-top box business, according to the WSJ. Several private equity firms and cable equipment maker Arris Group were among those expected to bid in a deal that could be valued at between $1.5 billion and $2 billion. Google may help finance the final deal.

Transatlantic Holdings Inc., a unit of Allegheny Corp. (NYSE: A), has become a minority owner of Pillar Capital Holdings (f.k.a. Juniperus Capital), a Bermuda-based insurance asset manager focused on collateralized reinsurance and catastrophe insurance-linked securities. No financial terms were disclosed. Existing Pillar Capital backers include Marsh & McLennan Cos. and Aquiline Capital Partners.

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