Private equity funds face increasing deal-making competition in 2014, Bain & Company consultants said on Monday, with a record $1 trillion cash pile adding to the pressure to find strong investments.
3 min read · 04 March 2014
British private-equity company CVC Capital Partners Ltd sold 6.5 percent shares in retailer PT Matahari Department Store Tbk to the public, worth 2.49 trillion rupiah ($214.85 million), Matahari said in a statement, writes Reuters. Reuters has not verified this story and does not vouch for its accuracy.
1 min read · 04 March 2014
French caterer Elior plans to list on the Paris stock market by Summer, in what could be one of the largest initial public offering on the Paris bourse this year, writes Reuters. Last month a source with knowledge of the matter had said that British private equity group Charterhouse Capital Partners, which owns 62.4 percent of Elior, had selected banks to handle a stock market listing of Elior later this year, writes Reuters.
1 min read · 04 March 2014
Private equity firm Apax Partners is in advanced talks to acquire paint company Tambour Ltd from the Azrieli Group, writes Reuters. The acquisition will be made at a value of 800 million shekels ($229 million) including Tambour's debt of 300 million shekels, writes Reuters.
1 min read · 04 March 2014
An investment fund managed by billionaire financier George Soros has bought 5 percent of cooperative Italian shopping centre group Immobiliare Grande Distribuzione (IGD), signalling confidence in a sector hit hard by a deep recession, Reuters reported.
2 min read · 03 March 2014
Blackstone Group LP (BX.N) Chief Executive Stephen Schwarzman's earnings from dividends and pay soared by 75 percent to $374.5 million in 2013, underpinning his firm's strong profits in real estate, private equity, credit and hedge funds, the company's annual report showed on Friday.
2 min read · 03 March 2014
Part-nationalized Royal Bank of Scotland is working on a plan to salvage its troubled Irish business, Ulster Bank, by merging it with a number of rivals, writes Reuters. Attempts to find a buyer for the business have failed and a team inside RBS is looking at tie-ups between Ulster and other lenders, such as Permanent TSB or the Irish units of Danske Bank or KBC, writes Reuters.
2 min read · 03 March 2014
Beijing Capital Group will buy New Zealand's biggest waste management firm from Australia's Transpacific Industries Group Ltd for almost $800 million, writes Reuters. Transpacific's New Zealand waste business specialises in environmentally friendly landfill methods, odour management and hazardous waste handling.
2 min read · 03 March 2014
Singapore's Tiger Airways aims to sell or close its Indonesian joint venture unless there are signs of it turning around this year, writes Reuters. Tiger and Indonesian private equity firm Saratoga, which owns 51 percent of the venture, are now unwilling to make further investment, writes Reuters.
2 min read · 03 March 2014
Danish outsourcing firm ISS A/S aims to raise 8 billion Danish crowns ($1.5 billion) through an initial public offering of stock in March, writes Reuters. EQT and Goldman Sachs hold 73 percent of ISS, after the Ontario Teachers' Pension Plan and KIRKBI, which invests funds from the family behind Lego toys, injected 500 million euros ($685 million) for a combined 26 percent stake in 2012.
1 min read · 03 March 2014
