Reuters News

Cinven to sell ASK Italian and Zizzi restaurants for 250 mln stg-Reuters

European private equity firm Cinven Ltd said it agreed to sell all 245 ASK Italian and Zizzi restaurants to Bridgepoint for 250 million pounds ($392.83 million), Reuters reported.

China's AVIC Capital says cancels plan to acquire Avolon-Reuters

China's AVIC Capital Co Ltd said on Monday it has cancelled a plan to acquire Avolon Holdings Ltd after the Irish aircraft leasing firm's board and shareholders rejected the proposed price, confirming an earlier Reuters story.

Austria re-opens sale of Hypo Balkan network, say sources-Reuters

Austria has re-opened the sale of the Balkan network of nationalized bank Hypo Alpe Adria , with no exclusivity for a bidder group led by Advent International, sources told Reuters.

TPG exits China Grand Auto via Haitong sale-Reuters

TPG is exiting its whole investment in car dealership China Grand Automotive Services (CGA) through a sale to Haitong Securities and a third party investor, according to regulatory filings and sources close to the transaction.

Apax's $300 mln mid-market Israeli fund to start investing, says source-Reuters

European private equity house Apax is nearing the target on its $300 million Israeli mid-market fund and is expected hold a so-called "first close" next week, allowing it to start investing, a source told Reuters.

Australian billboard firm oOh! Media plans $141 mln IPO-Reuters

Australian billboard company oOh! Media said it plans to raise A$166 million ($141 million) in an initial public offering, the latest in a series of listings by private equity-owned firms, Reuters reported.

Croatian retailer Agrokor lines up Rothschild for $5bln IPO, say sources-Reuters

Food retailer Agrokor, Croatia's largest private company, has lined up Rothschild to advise it on a public listing that could value the business at about 4 billion euros ($5 billion), sources told Reuters.

Israel's SimilarWeb raises $15 million, eyes faster global expansion-Reuters

Israeli start-up SimilarWeb said on Tuesday it raised $15 million in a funding round aimed at increasing the pace of its global expansion, Reuters reported.

Ardian buys 65 pct in two toll-roads in Spain-Reuters

French private equity group Ardian said on Wednesday it had agreed to buy the 65 percent stake in Tunels Barcelona Cadi held by Brazilian bank BTG Pactual for an undisclosed amount, Reuters reported.

Germany's Douglas mandates bank to sell book store chain, say sources-Reuters

German retailer Douglas has mandated investment bank Macquarie to organize the sale of its Thalia book stores division, which is facing stiff competition from Amazon, sources told Reuters.