Private Equity
The auction for Barclays Capital’s ETF management business has the investment banking group pitted against a selection of private equity firms including Hellman & Friedman, Bain and TPG. Vanguard, a US-based investment management firm, is also mounting a bid.
2 min read · 05 January 2013
The two buyout firms are moving to ‘optimise the balance sheet’ of Springer Science and Business Media by selling a minority stake. Meanwhile another Candover portfolio company, DX Services, is in danger of breaching its debt covenants.
2 min read · 05 January 2013
The London-based buyout house is the last bidder standing in the battle for Barclays Group’s ETF business. The deal will reportedly be worth up to £3bn and largely financed with a loan from Barclays.
2 min read · 05 January 2013
The Belgian Gimv-XL fund, which held a first close on €500m in December, has acquired a €75m stake in food group Vandemoortele and opened talks with investors about a second fund close later this year.
2 min read · 05 January 2013
The Drug Fair Group, based in New Jersey, has filed for Chapter 11 protection and is selling a portion of its stores and other assets to Walgreens.
1 min read · 05 January 2013
The two firms in 2006 innvested $25m in the Inner Mongolian hot pot restaurant chain, which was listed on the Hong Kong stock exchange in June 2008. US restaurant company Yum! brands, which owns chains including Taco Bell and KFC, has paid $63m for a 20% stake in Little Sheep.
2 min read · 05 January 2013
The Vietnam-based firm has taken a 25 percent stake in the Thuan Binh Wind Farm Company, which is backed by the Vietnamese government.
2 min read · 05 January 2013
Candover Investments has entered talks with interested parties on 'a range of options', including a possible takeover. The listed fund, which approached The Blackstone Group as it explores its options, has seen a 90% decline in its share price since its high last September.
2 min read · 05 January 2013
The private equity firm, who along with Grove International Partners and Shinsei Bank, invested €1.1bn for a 24% stake in the bank in June last year, said it wants to remain as shareholders for ‘good or bad’. The firm's founder told German lawmakers to seize control of the bank would be an 'extreme step'.
2 min read · 05 January 2013
The firm’s London-listed trust recorded a strong cash position despite the unrealised write-downs and is planning to ‘bide time' in 2009. HgCapital CIO Frances Jacob noted the listed trust does not have the same sort of over-allocation strategy that has recently caused problems for other listed vehicles including fund of funds linked to Candover and SVG.
2 min read · 05 January 2013
