Middle East

Bain strikes twice in musical, nautical deals

Bain Capital is set to acquire US retailer Guitar Center for $2.1 billion. Meanwhile, the firm’s German arm has agreed to purchase yacht manufacturer Bavaria Yachtbau.

Three Delta ups stake in Sainsbury’s to 25%

The investment vehicle of Qatari property investment fund Three Delta has upped its stake in Sainsburys. The FTSE 100 listed UK supermarket’s shares leapt by nearly 5 percent, as speculation suggested a takeover bid was forthcoming.

Investcorp buys €850m roofing company

A consortium of five companies has sold Icopal to Bahrain-based buyout firm Investcorp. The deal comes three months after the buyout firm began targeting US and European investors for a €1 billion private equity fund.

Baring Asia seeks to delist Singapore furniture retailer(3)

Baring Private Equity Asia, together with a Kuwaiti investor, is offering to buy the remaining shares it does not hold in Courts, a Singapore-listed furniture retailer with operations in Thailand.

Baring Asia seeks to delist Singapore furniture retailer(2)

Baring Private Equity Asia, together with a Kuwaiti investor, is offering to buy the remaining shares it does not hold in Courts, a Singapore-listed furniture retailer with operations in Thailand.

Baring Asia seeks to delist Singapore furniture retailer

Baring Private Equity Asia, together with a Kuwaiti investor, is offering to buy the remaining shares it does not hold in Courts, a Singapore-listed furniture retailer with operations in Thailand.

Carlyle buys rail logistics firm

Carlyle’s purchase of Atlanta, Georgia-based RMI adds to its business services portfolio, while reinforcing investment trends in infrastructure and transport/logistics firms.

RBS to sell Southern Water for £4bn

Royal Bank of Scotland’s private equity arm has put Southern Water up for sale with a price tag of about £4 billion. The UK utility is likely to attract a number of potential suitors.

Actis gets $1 billion for CDC power assets

Emerging private equity market investor Actis has made over $1 billion from the sale of power assets held by Globeleq, a subsidiary of UK investment group CDC, through two transactions.

VC firms invest $12m in telecoms group(2)

XConnect Global Networks, a service provider to the telecommunications industry, has received $12 million of funding from a venture capital consortium led by Accel Partners and Venrock Associates.