Middle East & North Africa

Advent scores public relations hit with sale of FD

Financial Dynamics, the public relations group owned by Advent, has set a new record with its sale to a US consultancy, netting its private equity backer a stunning return.

Sainsbury’s considers Qatari £500m equity increase

Qatari investment arm Three Delta is likely to increase the equity component of its offer for FTSE 100-listed Sainsbury’s to meet concerns of the board that the company will be over-leveraged.

Qatari firm makes £12bn Sainsbury’s approach(2)

Qatar-based investment vehicle Three Delta has confirmed its preliminary bid approach to Sainsbury’s, the UK supermarket chain that rejected a £10 billion offer from a private equity consortium in April. The company’s share price soared this morning.

Battery buys tech firm for $137m

Battery Ventures has completed a$137 million take-private of Quovadx, a software and software services firm formerly listed on NASDAQ, for $136.7 million.

CVC to buy Samsonite for $1.7bn(3)

European private equity firm CVC Capital Partners has agreed to buy US-based Samsonite Corporation, a designer and manufacturer of luggage. The deal is part of a drive to increase CVC’s US presence.

Oak abandons $825m Vertrue deal

Oak Investment has dropped out of a consortium of firms planning to acquire internet direct marketing services firm Vertrue, after the bidding price was raised from $800 million to $825 million.

CVC to buy Samsonite for $1.7bn(2)

European private equity firm CVC Capital Partners has agreed to buy US-based Samsonite Corporation, a designer and manufacturer of luggage. The deal is part of a drive to increase CVC’s US presence.

Global buys SAR300m textile business(3)

Kuwait investor Global Investment House has bought Saudi Arabian textile business Ajlan Bin Abdulaziz Al Ajlan & Brothers ’Ajlan. The company’s value corresponds to roughly two thirds of its revenues.

CVC to buy Samsonite for $1.7bn

European private equity firm CVC Capital Partners has agreed to buy US-based Samsonite Corporation, a designer and manufacturer of luggage. The deal is part of a drive to increase CVC’s US presence.

Apax-backed Incisive buys US rival(3)

US banker Bruce Wasserstein’s investment vehicle has agreed to sell publishing business American Lawyer Media to Apax Partners-backed Incisive Media for $630 million.