Kohlberg Kravis Roberts may yet face some serious competition for UK health and beauty chain Alliance Boots, after reports that Terra Firma and the Wellcome Trust are planning a rival bid.
1 min read · 04 January 2013
Merrill Lynch has joined forces with Pacific Equity Partners to make its first foray into the Australasian private equity market, with a $659 million offer for credit checking company Veda Advantage.
1 min read · 04 January 2013
Secondaries specialist Coller Capital, the principal backer of Forbion Capital Partners’ spin-out from ABN AMRO Capital, has moved to diversify the firm’s investor base by selling part of its stake to seven leading private equity investor groups.
2 min read · 04 January 2013
A Terra Firma-led consortium has made a £10.85 billion buyout offer for Alliance Boots, just hours after the UK chemist accepted a sweetened £10.6 billion bid from Kohlberg Kravis Roberts. The company’s share price soared as investors anticipated a bidding war.
2 min read · 04 January 2013
Orica, an Australia-listed explosive maker, has seen its share prices jump by more than twenty percent after rejecting a A$10 billion proposal from a private equity consortium.
1 min read · 04 January 2013
The Blackstone Group’s forthcoming public offering might be the first casualty of US legislation aimed at tightening the tax treatment of private equity, according to reports.
2 min read · 04 January 2013
US private equity group Lone Star Funds said it plans to sell two South Korean companies in its portfolio, fuelling speculation that it is looking to withdraw from the country altogether following the government’s ongoing scrutiny of its investments in the region.
2 min read · 04 January 2013
Shares in Sainsbury’s, a UK retail chain at the centre of a controversial £10 billion private equity bid, slid this morning as two more of the buyout firms involved reportedly pulled out of the deal. The news followed continuing opposition from pension fund trustees and minority shareholders.
2 min read · 04 January 2013
UK-based secondaries specialist Coller Capital has bought a 45 percent stake in a new independent venture fund launched by Shell, which will develop non-proprietary technologies.
1 min read · 04 January 2013
The Blackstone Group has admitted defeat in its attempt to buy La Tasca, a UK tapas chain, after property investor Robert Tchenguiz bought up a blocking stake and trumped its bid for a second time.
1 min read · 04 January 2013
