Private Equity
The $94bn pension fund has invested alongside KKR, Warburg Pincus and Apollo in the past nine months as it expands its co-investment programme.
2 min read · 05 January 2013
Spanish developer Actividades de Construccion y Servicios (ACS) has agreed to sell its ports services business, Dragados SPL, to an institutional investment group headed by JPMorgan Asset Management, according to a regulatory filing. The deal is worth some €720m.
1 min read · 05 January 2013
Morgan Stanley has acquired a 60% stake in car leasing company Zenith for £85m, representing the fourth buyout in seven years for the company.
1 min read · 05 January 2013
A board of directors meeting held at the savings bank yesterday did not yield an announcement on a possible buyout of Abertis. Recent market speculation suggests the deal is evolving away from a buyout and into a straightforward stake sale by shareholder ACS to CVC Capital Partners.
2 min read · 05 January 2013
Vasco de Mello, Brisa’s chief executive, said in a results presentation yesterday that Brisa has been in contact with Abertis regarding the latter’s plans to sell its 14.6% holding in Brisa. News of the possible sale first emerged in the context of a potential buyout of Abertis by its core shareholders and CVC Capital Partners.
2 min read · 05 January 2013
PEPcom, which GMT co-owned with VSS, has grown into Germany’s sixth largest cable television operator.
2 min read · 05 January 2013
The board of directors of La Caixa will hold its monthly meeting this Thursday, when it may address a buyout of Abertis together with ACS and CVC Capital Partners. If it doesn’t, the deal’s progress will be pushed back by at least another month, until the board of directors meet again in August.
3 min read · 05 January 2013
The private equity firm may go the extra mile to push the buyout through in the face of a reduced debt package. Keeping Abertis’ credit rating at investment grade post-buyout is another concern, with asset sales being discussed to help fund the deal.
3 min read · 05 January 2013
This week’s unveiling of a possible buyout of Abertis brings to mind football and chess, writes Bruno Alves.
3 min read · 05 January 2013
The FIG-focused private equity firm will be the first to invest in a UK building society.
2 min read · 05 January 2013
