A potential €12bn (10 billion pounds) of leveraged buyout loans could hit Europe’s loan market in the coming months as the pipeline of buyout deals starts to build, presenting a welcome break from a flood of refinancings and repricings that have dominated the market so far this year.
3 min read · 09 February 2017
Bankers are working on debt financings of up to €780m to back a potential sale of jewellery retailer Thom Europe, sources told Reuters.
2 min read · 09 February 2017
Creditors to French vehicle leasing firm Fraikin are hiring debt restructuring advisers after fellow leasing group Petit Forestier announced last month that it is no longer able to acquire the company, sources told Reuters.
2 min read · 09 February 2017
Private equity firm KKR & Co LP (KKR.N) said on Thursday it will raise its quarterly dividend payout from the end of March by a cent, after posting lower-than-expected fourth-quarter earnings, hurt by unrealized losses in its buyout investments.
2 min read · 09 February 2017
Spain's Telefonica is in talks with private equity firms KKR (KKR.N), CVC and Ardian as well as sovereign fund GIC about the sale of a 49 percent stake in its telecom masts subsidiary Telxius, sources told Reuters.
2 min read · 09 February 2017
Toronto Stock Exchange owner TMX Group Ltd said it was pitching the energy-rich bourse to "Saudi officials of significant influence" to bring at least part of the kingdom's massive Saudi Aramco public listing to Canada, Reuters reported. Saudi Arabia expects to value the state-owned oil producer at a minimum of US$2 trillion, in what could be the world's biggest initial public offering. Canada's biggest pension funds, such as the Canada Pension Plan Investment Board, Ontario Teachers' Pension Plan and Caisse de dépôt et placement du Québec, could be among potential investors in the IPO. However, they would only participate if convinced of the long-term investment case, pension experts say.
3 min read · 08 February 2017
U.S. buyout group Lone Star is launching a fourth attempt to sell German corporate bank IKB, one of the highest-profile German casualties of the financial crisis, sources told Reuters.
2 min read · 08 February 2017
Private equity firm Carlyle Group L.P. (CG.O) posted sharply lower-than-expected fourth-quarter earnings on Wednesday following losses in its hedge fund businesses that it has since exited, Reuters reported.
2 min read · 08 February 2017
TMX Group, owner of the Toronto Stock Exchange, said on Wednesday that it is in talks with Saudi Arabia over the possibility of Saudi Aramco listing in Canada.
1 min read · 08 February 2017
Oakley Capital's private equity unit said it appointed Arthur Mornington as partner and bolstered its deals team with three new hires.
1 min read · 07 February 2017
