The private equity firms bidding for the Turkish supermarket have tabled lower than expected bids, although should the deal complete it will be one of the largest European buyout financed since the problems in the credit markets became apparent.
1 min read · 04 January 2013
The $2 billion fund being raised by Goldman’s Chinese partner Fang Fenglei has reportedly recruited Goldman Sachs co-head of investment banking Richard Ong.
1 min read · 04 January 2013
Middle Eastern private equity firm HBG Holdings has sold a management company stake to a private equity fund of The National Commercial Bank of Saudi Arabia, as Middle Eastern governments continue to buy into the asset class.
2 min read · 04 January 2013
The eleventh hour settlement between French bank Natixis and defendants West LB and CIBC in the courtcase relating to Terra Firma’s troubled Boxclever buyout has left Guy Hands’ buyout firm facing charges of fraud alone.
1 min read · 04 January 2013
The European buyout firm has renegotiated the financing terms of the deal signed in June despite its highly leveraged and aggressively structured package.
2 min read · 04 January 2013
Arcapita Bank, the Bahrain investment firm, has bought a Texan gas-fired power station, which targets the same market as TXU, the subject of a $45bn buyout last year.
1 min read · 04 January 2013
The European venture firms have backed website Moveme.com. Balderton’s investment was driven in part by the memory of the stress of moving house.
1 min read · 04 January 2013
US buyout firm JC Flowers has been unable to sell the Dutch bank, despite agreeing a deal in August. The cancelled deal may dampen Flowers’ interest in UK bank Northern Rock and UK insurer Friends Provident.
1 min read · 04 January 2013
German firm Ventizz Capital Partners has raised its latest mid-market technology buyout fund 50 percent oversubscribed. The fund was more than triple the size of the firm’s previous effort.
2 min read · 04 January 2013
A document published before the accounts released today showed Stefano Pessina, Boots’ executive chairman and the manager at the centre of Kohlberg Kravis Roberts’ take-private, would reap £600 million from the delisting.
2 min read · 04 January 2013
