Clothing firm Sunrise Brands LLC has bid for the e-commerce business and intellectual property of bankrupt U.S. retailer The Limited, challenging a $26.3 million offer from private equity firm Sycamore Partners, sources told Reuters.
2 min read · 17 February 2017
German generic drugs company Stada (STAGn.DE) has received a new takeover approach which values it at 3.6 billion euros ($3.8 billion), raising the stakes in a three-way bidding war and pushing its shares to a new record, Reuters reported.
2 min read · 17 February 2017
Some of the world's biggest sovereign wealth funds are increasingly striking their own private equity deals rather than relying on external fund managers, in a drive to cut costs and gain more control, Reuters reported. With some US$6.5 trillion in assets, sovereign investors already account for 19 percent of capital committed to private equity, according to data from research firm Preqin. But mega-funds such as the Abu Dhabi Investment Authority, Saudi Arabia's Public Investment Fund and Singapore's GIC, are hiring specialists to find or vet deals, enabling them to negotiate with private equity firms from a position of strength or to go it alone.
4 min read · 17 February 2017
German generic drugs company Stada said on Thursday it had received another takeover approach, the third so far and at 58 euros per share, two euros up on rival suitor Cinven Partners' offer.
1 min read · 16 February 2017
Private equity firm L Catterton has decided to not sell Ferrara Candy Co after running an auction for the maker of candy such as Fruit Stripe gum and Now & Later chews, sources told Reuters. L Catterton had put Ferrara up for sale about six months ago after receiving inquiries from other companies and private equity firms. Canadian buyout firm Onex Corp had come close to buying Ferrara, Reuters reported last month, but the two parties could not agree on a price. L Catterton was hoping a deal would value Ferrara at more than US$1.3 billion.
2 min read · 16 February 2017
Norway's $900-billion sovereign wealth fund, the world's largest, should shift more of its investments into equities and away from bonds to counter the effects of ultra-low interest rates, the government said on Thursday.
3 min read · 16 February 2017
Two of Russian food retailer Lenta's top shareholders may sell some of their holdings in the near future, banking sources told Reuters on Tuesday, capitalizing on early signs of economic recovery in Russia and higher oil prices.
2 min read · 16 February 2017
Poland's leading internet bank mBank is setting up a 50-million-euro ($53 million) fund to buy and develop home-grown technology start-ups rather than letting them go abroad, Reuters reported.
2 min read · 16 February 2017
Spanish hotel room specialist Hotelbeds Group is set to raise around an extra €170m of leveraged loans to back its acquisition of US-based travel distribution company Tourico Holidays, banking sources told Reuters.
1 min read · 16 February 2017
Private equity firm L Catterton has decided to not sell Ferrara Candy Co after running an auction for the maker of candy such as Fruit Stripe gum and Now & Later chews, Reuters reported.
2 min read · 16 February 2017
