Charles and David Koch, the billionaire brothers who run Wichita, Kansas-based Koch Industries Inc., added $1.3 billion to their collective fortune yesterday on reports that U.S. industrial production gained more than forecast. The surge elevated their net worth to more than $100 billion, according to the Bloomberg Billionaires Index.
Endurance Specialty Holdings Ltd., the Bermuda-based provider of property and casualty insurance, announced a $3.2 billion offer to buy Aspen Insurance Holdings Ltd. after the target company turned down its proposal.
Koch Industries Inc. and Goldman Sachs Group Inc.’s private-equity unit agreed to buy Flint Group from CVC Capital Partners Ltd. to add chemicals and additives used in the printing and packaging industries.
A group of Formula One teams is “having a conversation” about buying a stake in the auto racing series whose biggest shareholder is CVC Capital Partners Ltd., F-1 Chief Executive Officer Bernie Ecclestone said.
Koch Industries Inc. and Goldman Sachs Group Inc.’s private-equity unit are near an agreement to buy printing-ink maker Flint Group from CVC Capital Partners Ltd., people familiar with the matter said.
Companies from India to Missouri made yesterday one of the busiest for takeovers this year, announcing $47 billion of acquisitions and extending a jump that’s brought dealmaking to its highest amount since before the global financial crisis.
Avolon Aerospace Leasing Ltd., the private-equity backed aircraft financing company, has hired JPMorgan Chase & Co. and Morgan Stanley to explore a possible initial public offering or sale, according to people familiar with its plans.
An effort to sell Anixter International Inc., the wiring parts maker that counts billionaire Sam Zell among its investors, has stalled as potential buyers reject the company’s price expectations, according to several people familiar with the matter.