Atlas Copco AB said British vacuum- pump maker Edwards Group Ltd., acquired in August, increased profitability last year and will further benefit from the combination with the world’s largest maker of air compressors.
Estacio Participacoes SA, the education provider buying university company Uniseb, is seeking acquisitions to diversify beyond college-course offerings and to cut dependence on government-backed student loans.
Nelson Education Ltd., the textbook publisher backed by Omers Private Equity Inc. and Apax Partners LLP, had its ratings cut one level to CCC- by Standard & Poor’s on the likelihood it will default on a $285 million loan used to fund its 2007 buyout.
Top Right Group Ltd., the U.K. media group owned by Apax Partners LLP and Guardian Media Group, plans to sell a bundle of news magazine titles as part of a divestment strategy, two people with knowledge of the matter said.
The founding family of U.K. grocer Wm Morrison Supermarkets Plc has contacted private-equity funds such as CVC Capital Partners Ltd. and Carlyle Group LP to weigh their interest in taking the retailer private, people with knowledge of the matter said.
Three former executives from the Spanish team at U.K. buyout firm Apax Partners LLP started their own firm to buy small and medium-sized companies in the country, said a person with knowledge of the matter.