The chief financial officer of Prince Alwaleed bin Talal's investment vehicle, Kingdom Holding, is to leave the firm, writes Reuters. Shadi Sadeek Sanbar, who has worked with the firm for more than eight years and is seen as a close aide of the Saudi billionaire, will leave the firm at the end of the year.
2 min read · 02 December 2013
Stainless steel maker Outokumpu plans to raise a rights issue and divest assets back to ThyssenKrupp in an unexpected package of steps aimed at shoring up its finances, writes Reuters. The move will partly reverse Finnish Outokumpu's 2012 acquisition of Thyssenkrupp's stainless steel business Inoxum as it transfers a large steel plant in Terni, Italy, and high-performance alloy unit VDM back to the German group.
3 min read · 02 December 2013
Alinda Capital Partners has agreed to buy Polish broadcast infrastructure firm Emitel from Montagu Private Equity, writes Reuters. Terms of the deal were not disclosed.
1 min read · 02 December 2013
Confectionery retailer Candyking said on Friday it would sell shares worth up to 830 million Swedish crowns ($126.63 million) in its initial price offering at the Stockholm bourse, Reuters reported.
1 min read · 29 November 2013
Former Whyte & Mackay Chief Executive Vivian Imerman is interested in buying the whisky assets back from Diageo, his investment firm said on Friday.
2 min read · 29 November 2013
Atrium Innovations Inc, a maker of dietary supplements, said a group of investors, including European private equity firm Permira funds, would acquire the company for about C$1.1 billion ($1 billion), including debt, Reuters reported.
1 min read · 29 November 2013
British media and education group Pearson said on Friday it had sold its M&A-focused Mergermarket news service for 382 million pounds ($624 million) to funds advised by private equity group BC Partners.
1 min read · 29 November 2013
A new investor is likely to buy a minority stake in Italian fashion house Versace by Christmas, Chairman and core shareholder Santo Versace said on Thursday.
2 min read · 29 November 2013
Jeweller John Hardy is attracting bid interest from a string of U.S. private equity firms, sources told Reuters, the latest potential deal in a sector outpacing the broader luxury industry thanks in part to financially independent Asian women.
4 min read · 29 November 2013
KKR has agreed to invest about $200 million in Indian drugmaker Gland Pharma Ltd, writes Reuters. Under the deal, KKR will acquire a minority holding in Gland Pharma, including the stake held by private equity fund Evolvence India Life Science Fund. The size of the stake was not disclosed.
2 min read · 28 November 2013
