Reuters News

J.C Flowers seeking buyer for its stake in Japan lender Shinsei: FT

U.S. private equity firm J.C. Flowers & Co LLC is seeking a buyer for a 20 percent stake in mid-sized Japanese lender Shinsei Bank (8303.T), the Financial Times reported on Tuesday, citing people with direct knowledge of the matter.

CVC, others explore sale of drugmaker Alvogen: Bloomberg

CVC Capital Partners and other private equity owners are exploring options for generic drugmaker Alvogen, including a sale, which could be valued at about $4 billion, Bloomberg reported on Tuesday.

Latin American buyout industry group Lavca names new chairman: Reuters

A Latin American buyout industry group whose members control assets worth over $65 billion has tapped an industry veteran to take over as chairman, as it seeks to facilitate dealmaking across a region emerging from a lengthy downturn, Reuters reported.

Germany's Douglas appoints former Opel marketing boss as CEO: Reuters

German perfume and cosmetics retailer Douglas has appointed former Opel marketing boss Tina Mueller as its chief executive, replacing Isabelle Parize who is stepping down, Reuters reported.

German car parts retailer Stahlgruber put up for sale, say sources: Reuters

The owners of German car parts retailer Stahlgruber have selected second-round bidders for the company as bankers prepare debt packages for a deal that could value it at more than 1.2 billion euros ($1.4 billion), sources told Reuters.

Airbus mulls sale of Premium Aerotec, held talks with Onex: Reuters

France's Airbus SE is in talks to sell a part or all of Premium Aerotec, a subsidiary that makes large plane components, Reuters reported, citing a story by Die Welt newspaper. Airbus has held talks with one possible buyer, the Canadian private equity investor Onex Corp, the German paper said. Premium Aerotec generates about 2 billion euros (US$2.39 billion) in revenue, according to its website. It specializes in large and complex aircraft components for Airbus, Boeing’s B787 Dreamliner, the Eurofighter Typhoon and military transporter A400M. In 2005, Boeing sold a similar business, later called Spirit Aerosystems, to Onex for about US$950 million.

Airbus in talks to sell Premium Aerotec parts subsidiary: Die Welt

Airbus SE (AIR.PA) is in talks to sell a part or all of Premium Aerotec, a subsidiary that makes large plane components, Die Welt newspaper reported on Saturday.

Siemens likely to pick Alstom for rail merger: Reuters

German industrial group Siemens is likely to decide this week to pursue a multi-billion dollar rail merger with French rival Alstom rather than Canada’s Bombardier, two sources familiar with the matter told Reuters. Siemens Mobility is expected to be merged into Alstom, in which Siemens would hold 50 percent-plus-one share, while the chief executive would be Alstom’s current boss Henri-Poupart Lafarge. The combined business would have sales of about 15 billion euros (US$18 billion). The decision would be a blow for planes-and-trains maker Bombardier, which faces a separate battle this week to protect aerospace jobs in Québec and Northern Ireland amid a subsidy row with Boeing. Caisse de dépôt et placement du Québec owns 30 percent of Bombardier’s rail business.

China-backed fund shunned by Trump to buy British chip maker: Reuters

Canyon Bridge Capital Partners, the China-backed buyout fund that was barred last week by U.S. President Donald Trump from buying a U.S. chip maker, said it would purchase British chip designer Imagination Technologies Group Plc (IMG.L).

SAP to buy customer management software firm Gigya: Reuters

SAP (SAPG.DE), Europe’s biggest technology company, has agreed to buy U.S.-Israeli customer identity software company Gigya to strengthen its position in the booming market for online customer relationship marketing, the company said on Sunday.