The private equity and venture capital backers of DocMorris, one of the biggest pharmacy brands in Europe, have secured a lucrative sale of the business to Celesio, Europe’s biggest pharmaceutical distributor.
2 min read · 03 January 2013
Kohlberg Kravis Roberts’ £10.1 billion bid for Alliance Boots, potentially the largest European buyout to date, has become the latest deal to attract the ire of the UK-based GMB trade union, private equity’s most vociferous opponent.
2 min read · 03 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 · 03 January 2013
Three Delta, a Qatar-based investment group, has bought a 15 percent stake in UK retailer Sainsbury’s, increasing the pressure on the board to realise greater value from its real estate assets.
2 min read · 03 January 2013
The potential A$11billion buyout of Qantas, Australia’s biggest airline, looked to be back on today, after the Macquarie-led consortium restructured its deal to require a lower level of shareholder acceptance. Opposition from leading shareholders had looked likely to scupper the bid.
2 min read · 03 January 2013
The Sainsbury family seems to have triumphed in its bid to keep the UK retailer out of private equity hands, after the last remaining members of the buyout consortium admitted defeat in their battle to take the company private.
2 min read · 03 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 · 03 January 2013
The Bank of England’s monthly financial stability report has warned that the recent meltdown in the US sub-prime mortgage sector could be repeated in the UK, as leveraged lenders exploit the benign economic conditions to increase their risk-taking.
2 min read · 03 January 2013
US buyout firm Apollo Management has continued its recent spate of activity by agreeing a $1.5 billion deal for the aluminium business of Xstrata, an Anglo-Swiss mining group.
1 min read · 03 January 2013
India continues to be an increasingly attractive prospect for venture capitalists. The first quarter saw an increase in investment, while the number of successful exits offers further cause for optimism.
3 min read · 03 January 2013
