Reuters News

JPMorgan fund in talks on taking $200 mln stake in India's SpiceJet-ET

A fund managed by JPMorgan Chase is in advanced talks to partner with Indian carrier SpiceJet Ltd's co-founder for a planned $200 million investment into the cash-strapped airline, the Economic Times reported on Thursday, citing unnamed sources with knowledge of the discussions.

Kellogg, Abraaj up bids in battle for Egypt's Bisco Misr-Reuters

Kellogg Co, the world's largest maker of breakfast cereals, raised its bid for Egyptian snack maker Bisco Misr on Wednesday, topping a rival offer from UAE's Abraaj in an intensifying $144 million takeover battle, Reuters reported.

Wendel to buy $2.8 bln packaging firm Constantia Flexibles-Reuters

French investment group Wendel said on Tuesday it had agreed to acquire Constantia Flexibles in a deal that values the Austrian packaging company at 2.3 billion euros ($2.8 billion).

HeidelbergCement sells building products business to Lone Star-Reuters

Germany's HeidelbergCement AG said on Wednesday it clinched a deal to sell its Hanson Building Products business to private equity firm Lone Star Funds for $1.4 billion.

Dealmakers turn their sights to U.S. billboards: Reuters

Billboards, which trace their roots to ancient Egypt, are set to generate a boom in U.S. deal activity as the biggest operators seek to expand in regional markets, investment banking sources said.

TGI Fridays sells UK franchise to Electra as private equity dines out-Reuters

TGI Fridays, the casual dining restaurant chain known for its retro American-themed setting, has sold its UK franchise business to Electra Partners in the latest private equity buyout in Britain's eating-out market, Reuters reported.

Triton sells German elevator parts maker Wittur to Bain-Reuters

U.S.-based private equity group Bain agreed to buy German elevator components maker Wittur from private equity groups Triton and Capvis, the companies said on Tuesday.

Encana to sell some natural gas facilities in British Columbia-Reuters

Canada's Encana Corp will sell some natural gas gathering and compression facilities in British Columbia it owns jointly with a unit of Mitsubishi Corp to Veresen Midstream LP, Reuters reported.

Australian cinema chain Hoyts sold to Chinese investor Sun Xishuang-Reuters

Australia's Hoyts Group said on Tuesday it has been sold by its private equity owner Pacific Equity Partners (PEP) to an investment vehicle set up by Chinese entrepreneur Sun Xishuang.

Unitranche loans increase presence in Europe's leveraged market: Reuters

Bain Capital's record-sized loan backing its acquisition of Irish building materials group CRH's UK concrete and UK and US clay businesses has highlighted that unitranche financing has become more prominent in Europe's leveraged loan market.