Ares Management and Canadian Pension Plan Investment Board are nearing an agreement to buy upscale retailer Neiman Marcus for approximately $6 billion, according to multiple media reports. Neiman Marcus currently is in registration for an IPO, but its owners – led by TPG Capital and Warburg Pincus – also have been running a parallel M&A process.
The Carlyle Group has agreed to acquire the Red Oak power generation facility in Sayreville, New Jersey, plus five other power plants in California. The transactions were done via Cogentrix, a North American power generation group Carlyle acquired late last year. No financial terms were disclosed. www.carlyle.com
CHAMP Private Equity and Headland Capital Partners have offered to acquire Miclyn Express Offshore (ASX: MIO), an Australia-based provider of service vehicles to the offshore oil and gas industry, for A$2.20 per share (12.82% premium). The two firms already hold nearly a 75.2% stake. www.miclynexpressoffshore.com
Odyssey Investment Partners has hired Jefferies Group to find a buyer for One Call Care Management, a Parsippany, N.J.-based medical cost containment services company, according to Reuters. The deal could be valued at more than $1.5 billion, with suitors including The Carlyle Group, Apax Partners, Advent International, Berkshire Partners, General Atlantic and Hellman & Friedman. www.onecallmedical.com
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