Fifth & Pacific Cos. agreed to sell its Lucky Brand Jeans division to private-equity firm Leonard Green & Partners LP for $225 million, part of a plan to divest assets and focus on the Kate Spade label.
IMS Health Inc., the health-care focused information-technology company taken private almost four years ago, is considering an initial public offering in 2014, three people with knowledge of the matter said.
Activision Blizzard Inc. Chief Executive Officer Robert Kotick threatened to quit if directors didn’t allow him to lead a group that helped buy out most of Vivendi SA’s stake in the video-game maker for $8.2 billion, according to court papers.
Johnson & Johnson narrowed the list of possible buyers of its Ortho Clinical Diagnostics business to three, including a joint bid from Danaher Corp. and Blackstone Group LP, people with knowledge of the matter said.
Davis Polk & Wardwell LLP advised Shire Plc, which agreed to buy ViroPharma Inc. for about $4.2 billion to gain treatments for rare diseases and lessen dependence on its best-selling Vyvanse pill for attention deficit hyperactivity disorder. Skadden, Arps, Slate, Meagher & Flom LLP advised ViroPharma.
U.S. stocks rose, with the Dow Jones Industrial Average extending a record, as investors awaited retailer earnings reports to gauge the strength of consumer demand and the likelihood of cuts to monetary stimulus.
BJ’s Wholesale Club Inc., the retailer which was taken private by Leonard Green & Partners LLP and CVC Capital Partners in a 2011 buyout, is refinancing debt and increasing borrowings to pay a $450 million dividend, according to Standard & Poor’s.
Leonard Green & Partners LP, the private-equity firm that backed Whole Foods Market Inc. and J. Crew Group Inc., has raised more than $6 billion to make its next fund its largest, said two people familiar with the matter.