Sunshine 100 China Holdings Ltd, a commercial and residential real estate developer in second and third-tier Chinese cities, raised about $258 million after pricing its Hong Kong initial public offering at the bottom of expectations, IFR reported. The company, which is backed by U.S. private equity firm Warburg Pincus, priced the IPO at HK$4.00 per share, compared with a marketing range of HK$4.00 to HK$4.80 each, added IFR, a Thomson Reuters publication.
1 min read · 06 March 2014
Morgan Stanley has sold its majority stake in Accelerate Acquisitions, the parent company of British car provider Zenith, to UK private equity fund HgCapital for 3.8 times its original investment, writes Reuters. Morgan Stanley said that the sale by its private equity arm came four years after its initial investment in the car fleet manager.
1 min read · 06 March 2014
An investor group led by buyout firm HIG Capital is poised to buy the financially troubled Nuerburgring race track, sources told Reuters.
1 min read · 05 March 2014
Danish ship fuel supplier OW Bunker said Nordic private equity company Altor aimed to sell up to 60 percent of it shares via an initial public offering, Reuters reported.
1 min read · 05 March 2014
Investment banker Ken Moelis' boutique investment firm, Moelis & Co, filed to go public as it looks to take advantage of rising demand for independent advisory services and an improving market for public offerings in the United States, writes Reuters. The New York-based independent investment bank, which will continue to be led by the Wall Street dealmaker, filed a $100 million placeholder with U.S. regulators on Tuesday for the initial public offering of its class A stock.
3 min read · 05 March 2014
Danish ship fuel supplier OW Bunker is planning an initial public offering of shares in Copenhagen, writes Reuters. The company, which has a share of around 7 percent of the global shipping fuel market, said it planned to sell new stock as well as some of the shares owned by its major shareholder, private equity group Altor.
2 min read · 05 March 2014
Private equity firm TA Associates has sold its 10.6 percent stake in Jupiter Fund Management for 197.2 million pounds ($328.79 million), writes Reuters. TA Associates sold 48.6 millon shares in the British fund manager at a price of 406 pence per share.
1 min read · 05 March 2014
Shareholders in Italy's Seat Pagine Gialle gave the go ahead for a plan aimed at relaunching the heavily indebted Italian yellow pages publisher, allowing creditors to take control of the struggling company, writes Reuters. The company has struggled to manage its debt pile following a buyout in 2003 by private equity companies CVC, Permira and Investitori Associati.
2 min read · 05 March 2014
Netherlands-based insurer Brit Group is planning to float on the London Stock Exchange in April, the company said on Tuesday, in a sale that could value it at up to 1.3 billion pounds, Reuters reported.
1 min read · 04 March 2014
ServiceMax field service management company said Tuesday it had raised $71 million in new financing, bringing its total funding to $120 million, Reuters reported.
1 min read · 04 March 2014
