Sherwin-Williams wins U.S. antitrust approval to buy Valspar: FTC
WASHINGTON Paint-maker Sherwin-Williams has won U.S. antitrust approval to buy U.S. rival Valspar Corp , the Federal Trade Commission said on Friday.
Private equity firm Carlyle Group LP (CG.O) said it will buy aircraft maintenance services company Landmark Aviation LNDAV.UL from GTCR and Platform Partners.
Carlyle has previously owned Landmark, making it one of the rare instances where a private equity firm is buying back a company after disposing of it.
While the financial details of the deal were not disclosed, sources familiar with the matter told Reuters in August that the company could be worth as much as $700 million.
Equity capital for the transaction will come from Carlyle Partners V, a buyout fund, Carlyle Group said in a statement.
Private equity firms GTCR and Platform Partners had bought Landmark in 2007 from state-run Dubai Aerospace Enterprise for an undisclosed sum.
Houston-based Landmark provides business aviation services, including aircraft charter and maintenance, in United States, Canada and France.
Morgan Stanley, RBC Capital Markets and Barclays have agreed to provide debt financing for the deal.
Carlyle shares closed up 1 percent at $27.02 on Friday on the Nasdaq.
(Reporting by Shounak Dasgupta in Bangalore; Editing by Gary Hill)
MUNICH German industrial gases group Linde's supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday.
Soft drink maker PepsiCo Inc is in talks to acquire All Market Inc, the owner of coconut water brand Vita Coco, whose celebrity investors include Madonna and Matthew McConaughey, people familiar with the matter said on Friday.