British Land said its would-be partner in London's Broadgate office complex had been selected by Blackstone and suggested a final decision would be made soon, writes Reuters. British Land and Blackstone own equal shares of the Broadgate estate, a 30-acre site in London's City financial district whose tenants include Swiss bank UBS.
2 min read · 13 November 2013
TPG Capital is reshuffling its senior ranks in Asia as it battles to finish raising money for its latest regional fund and bridge the gap with rivals, writes Reuters. Senior partner Tim Dattels said he was returning to Asia from the US to be co-head of the region, alongside Ben Gray, a former Credit Suisse banker. TPG's current Asia head, former British Olympic rower Stephen Peel, is stepping away from day-to-day management of the firm, according to people familiar with the matter, writes Reuters.
4 min read · 13 November 2013
Bath and toilet maker Sanitec, owned by Swedish private equity firm EQT, is to launch an initial public offering and listing on Nasdaq OMX Stockholm, writes Reuters. Nordea and UBS Investment Bank are acting as joint global coordinators and joint bookrunners. In addition, Carnegie is acting as joint bookrunner and Handelsbanken as co-lead manager.
1 min read · 13 November 2013
Fire protection and security company Tyco International Ltd has approached private equity firms offering to sell its Korean security unit Caps Co, the Wall Street Journal reported, citing people familiar with the matter.
1 min read · 12 November 2013
Mountain resort operator Intrawest Resorts Holdings, owned by private equity firm Fortress Investment Group LLC, filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock.
1 min read · 12 November 2013
Britain's Just Retirement, a provider of pensions to retirees with health problems, was valued at 1.1 billion pounds ($1.8 billion) in its London listing, writes Reuters. Just Retirement, backed by private equity group Permira, priced the sale of a 30.5 percent stake at 225 pence per share, the middle of its original 200p to 250p range.
2 min read · 12 November 2013
Deutsche Telekom on Sunday said it had bought GTS Central Europe for 546 million euros ($729 million) in a deal which hands the German telecom operator a fiber optic fixed-line and infrastructure business in Eastern Europe, Reuters reported.
1 min read · 11 November 2013
Facebook Inc director Marc Andreessen's venture-capital firm sold a third of its stake in the world's No. 1 online social network, Reuters reported.
1 min read · 11 November 2013
TPG Capital and Abraaj Group have teamed up to compete against KKR & Co for a majority stake in Saudi Arabian fast-food chain Kudu, sources told Reuters.
2 min read · 11 November 2013
Singapore state investor Temasek Holdings and China-focused private equity firm Hopu were among five investors buying a $213 million stake in Yashili International Holdings Ltd, after parent China Mengniu Dairy Co Ltd sold down shares to meet Hong Kong listing requirements, writes Reuters. Temasek, through one of its Mauritius subsidiaries, Hopu and three individual investors agreed to buy 471.13 million shares of Yashili from Mengniu for HK$3.50 each, putting the total deal at HK$1.65 billion ($213 million), writes Reuters.
1 min read · 11 November 2013
