PE Week Wire - Friday 11/21
Summary
AMVESCAP PLC (NYSE: AVZ) has agreed to acquire Stein Roe Investment Counsel LLC (SRIC) from senior management and Putnam Lovell Equity Partners. The Birmingham Post & Mail is reporting that 3i Group and Kroll Corporate Finance have paid just under £15 million to acquire European truck lighting specialist Vignal, from parent company Valeo. Sun Microsystems Inc. (Nasdaq: SUNW) has agreed to acquire Waveset Technologies Inc., an Austin, Texas-based provider of software that automates the processes that govern access to enterprise systems and data while reducing the cost and complexity of identity management. The transaction is valued at approximately $2.35 billion, including the assumption of debt, with the final amount to be determined on the basis of PGE’s financial performance between January 1, 2003 and closing (expected to be in the second half of 2004). Global Finance, a Greek private equity firm, has agreed to acquire an undisclosed stake in local meat processing company Nikas for €6 per share.
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