US firm Kohlberg Kravis Roberts has pulled out of the private equity consortium circling UK retailer Sainsbury’s, amid growing concerns that its ongoing bid for Alliance Boots could lead to competition issues.
1 min read · 03 January 2013
Fortress Investment has bought UK-listed reinsurer Alea for £162 million or 93 pence per share – a 65 percent discount on its issue price when Kohlberg Kravis Roberts floated the business in 2003.
1 min read · 03 January 2013
US venture capital firm Draper Fisher Jurvetson has led a first round of funding for CastTV, a video search engine company that has various internet business luminaries on its board.
1 min read · 03 January 2013
Wendel, the French-listed investment group, is continuing its efforts to expand outside its home market by launching an Asia-Pacific operation and recruiting Philippe Donnet to run it.
1 min read · 03 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 · 03 January 2013
Robert Tchenguiz has raised the stakes again in his increasingly fierce battle with Blackstone for tapas chain La Tasca, upping his original bid and buying a 20 percent stake in the business.
2 min read · 03 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 · 03 January 2013
Shares in Australian retailer Coles Group continued to climb as a A$20 billion bidding war between local rival Wesfarmers, a Kohlberg Kravis Roberts-led buyout consortium, and other international trade players looked increasingly likely.
2 min read · 03 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 · 03 January 2013
US buyout group TA Associates has made its latest acquisition in the healthcare sector, buying disease management company Alere Medical. It is the firm’s third deal in three weeks.
1 min read · 03 January 2013
