Private equity firm The Carlyle Group said on Monday it had raised a 350 million euro ($467.16 million) Collateralized Loan Obligation (CLO) fund to invest in European bank loans.
1 min read · 17 June 2013
The rate at which private equity firms exited their European investments slowed last year, a study showed on Monday, as economic uncertainty hit both new stock market listings and merger activity, Reuters reported.
1 min read · 17 June 2013
Bahrain-based Investcorp has bought a 38 percent stake in a Saudi oil and gas services company and expects to complete up to three more deals via its $1 billion Gulf fund in 2013, Reuters is reporting.
2 min read · 17 June 2013
Telefonica said on Monday it had not received any indication of interest from AT&T, following a Spanish newspaper report that the government had halted a 70 billion-euro ($93 billion) offer from the U.S. company, Reuters reported.
2 min read · 17 June 2013
Salmon farmer Cermaq has received an offer from private equity firms Altor and Bain Capital, writes Reuters. The offer is for Cermaq's EWOS unit for an enterprise value of around $1.1 billion.
1 min read · 17 June 2013
France's Eutelsat Communications and KKR are among the suitors to place first-round bids for Singapore Telecommunications Ltd's Australian satellite unit, writes Reuters. SingTel, Southeast Asia's largest telecom operator, values the satellite business of its Australian unit Optus at more than A$2 billion ($1.9 billion), and has put it on sale as it battles tepid growth in its key markets of Singapore and Australia, writes Reuters.
2 min read · 17 June 2013
New Zealand broadcaster MediaWorks Ltd has been placed in receivership after its private equity owners and bankers failed to agree on a refinancing deal, but new owners have been lined up, writes Reuters. Investors led by Australian businessman Rod McGeoch, a director of gaming company SkyCity Entertainment Group Ltd and chairman of Vantage Private Equity Ltd, are set to take over the company which operates New Zealand's TV3 and Channel 4 television networks, and a string of radio stations, writes Reuters.
2 min read · 17 June 2013
AXA Private Equity has entered into exclusivity with 3i and TCR Capital to acquire Trescal. AXA Private Equity's proposed transaction values the company at approximately 250 million euros ($333.5 million).
1 min read · 17 June 2013
JPMorgan Chase & Co said on Friday its private equity unit, One Equity Partners, will become independent, as the largest U.S. bank increases its focus on client businesses, Reuters reported.
2 min read · 14 June 2013
Technology products retailer CDW Corp, which was taken private by Madison Dearborn Partners LLC and Providence Equity Partners for $7.3 billion in 2007, expects to raise up to $738 million in its initial public offering, Reuters reported.
2 min read · 14 June 2013
