Cerberus has joined the race to buy BCE, a $29 billion Canadian telecoms giant currently undergoing a strategic review, as the country’s biggest pension funds scramble for some involvement in the deal.
2 min read · 04 January 2013
A new report suggests that senior management may prove the greatest bar to future public-to-private deals in the UK. The majority of senior executives at the UK’s biggest listed companies have no wish to go private – even though they accept their businesses would face fewer constraints away from the public markets.
3 min read · 04 January 2013
Top executives in the UK’s biggest listed companies think private ownership means better rewards, less regulation and less public scrutiny – but more than 60 percent are still unwilling to take their companies private at any price.
2 min read · 04 January 2013
Ontario Teachers’ Pension Plan has continued its recent flurry of deal-making, buying two Chilean water supply and sanitation companies from Southern Cross Group.
2 min read · 04 January 2013
Park Square Capital has tapped three of its existing investors to raise a credit opportunities fund, which could have firepower of up to €1.25 billion and will work in complement to its existing mezzanine fund.
2 min read · 04 January 2013
Jupiter Asset Management, a UK fund manager recently bought out by management and TA Associates, has hit back at criticism of the £425 million “covenant-lite” loan it will use to finance the deal. The controversial structure, which was pioneered in the US but is now crossing over into Europe, removes many of the traditional protections for lenders.
2 min read · 04 January 2013
Advent International is expanding its horizons further east, with a Ukraine office planned for September to supplement its existing network.
2 min read · 04 January 2013
Shareholders in Alliance Boots have voted overwhelmingly in favour of Kohlberg Kravis Roberts’ £11.1 billion bid, despite continued complaints from trade union officials and trustees about the company’s pension deficit.
2 min read · 04 January 2013
US buyout firm TPG may be set to withdraw its interest in Spanish airline Iberia, after British Airways reportedly urged the group to join forces with rival firm Apax Partners.
2 min read · 04 January 2013
German mid-market investor Auctus has made its first move into the chemicals industry, buying German company Abieta for an undisclosed sum.
1 min read · 04 January 2013
