The asset management arm of private equity firm CVC Group has raised 351.2 million euros ($460 million) by floating one of its credit funds on the London Stock Exchange, writes Reuters. CVC Credit Partners European Opportunities, which invests in sub-investment-grade debt markets, said last month it planned to raise at least 300 million euros through the offering, writes Reuters.
1 min read · 25 June 2013
Cerberus Capital Management LP failed in its push for a management shakeup at Japan's Seibu Holdings on Tuesday, prompting the U.S. private equity giant to hit out at the conglomerate for snubbing foreign investors, Reuters reported.
3 min read · 25 June 2013
Ousted Men's Wearhouse founder George Zimmer is mulling his options, which could involve teaming up with private equity firms to launch a buyout bid or trying to wage a proxy battle, industry bankers and lawyers told Reuters.
5 min read · 25 June 2013
(Reuters) - EP Energy LLC, the oil and gas company bought just last year by a private equity consortium led by Apollo Global Management LLC for $7.15 billion, is working with investment banks to prepare for an IPO as soon as this year, three people familiar with the matter said on Monday.
3 min read · 25 June 2013
Neiman Marcus Inc filed registration papers on Monday for an initial public offering as its private equity owners eye an exit for their long-held investment in the luxury department store operator.
3 min read · 24 June 2013
Apax Partners LLP said on Friday it had raised $7.5 billion for its latest global private equity fund, Apax VIII, two years after it approached investors with the goal of raising $11.8 billion (9 billion euros) from them.
3 min read · 24 June 2013
Jefferies & Co will provide $5.2 billion in term loans to back Carl Icahn's bid for computer manufacturer Dell Inc, sources told Thomson Reuters LPC.
3 min read · 24 June 2013
Morgan Stanley said it will buy the rest of its wealth-management joint venture with Citigroup Inc by the end of the month, completing a deal started during the financial crisis that was designed to stabilize both banks, writes Reuters. Morgan Stanley will pay $4.7 billion for Citigroup's remaining 35 percent stake in the joint venture that the two banks set up in 2009. It is also paying about $2 billion to redeem Citigroup's preferred securities.
4 min read · 24 June 2013
The spark that Matahari Department Store's $1.3 billion deal was meant to provide Indonesia's IPO market has turned into a dud, writes Reuters. Bankers and issuers were anticipating a record $4.1 billion worth of initial public offerings in 2013, including $2.5 billion in the first half of the year, writes Reuters. The Matahari deal in March - in which private equity firm CVC Capital sold down its stake in Indonesia's biggest stock sale since 2011 - was seen as a stage setter, writes Reuters.
4 min read · 24 June 2013
A long-awaited pipeline of European leveraged buyouts has finally emerged, but it has coincided with one of the most volatile periods of the year that could at worst derail deals completely, and at the very best make them tougher to finance, IFR reported.
4 min read · 21 June 2013
