A busy morning turned into a quiet afternoon until yet another private equity takeover was announced. In case you missed today's action:
Seeing potential in the growing demand for health care from Brazil's middle class, Carlyle Group put up a $1.2-billion bid for Brazilian health services provider Grupo Qualicorp. It's the second big deal for Carlyle in Brazil this year. In January, the private equity firm announced it would buy almost 64 per cent of CVC, Latin America's biggest tour operator.
Onex and Canada Pension Plan Investment Board proposed a $4.5-million joint bid for British car parts maker Tomkins PLC. Tomkins closed up 28 per cent in London.
Carlyle Group and TPG Capital teamed up to buy Melbourne-based Healthscope Ltd. for $2.7-billion (Australian), including debt.
Motorola will sell most of its wireless-network equipment business to Nokia Siemens Networks for $1.2-billion. Motorola closed up about 6 per cent while Nokia closed basically flat.