Deals Rumor Mill: AXA, Rio Tinto, Banco Do Brasil

Law360, New York (April 3, 2013, 1:10 PM EDT) -- Private equity bidders are preparing to throw elbows as competition heats up for German energy meter manufacturer Ista International GmbH, Reuters reported on Wednesday. Several buyout specialists, including AXA Private Equity and BC Partners, are fine-tuning second-round bids expected to be worth around $3.85 billion. The Ontario Teachers’ Pension Plan is also in the fray. Charterhouse Equity Partners LLC and CVC Capital Partners put Ista on the market last year, hiring Deutsche Bank AG and Goldman Sachs & Co. to vet buyers.

London-headquartered mining multinational Rio...
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