Private Equity
The team formerly known as ABN AMRO Capital has led Baarmsa Wine Group through its first add-on acquisition. The wine distribution company has purchased Armit, a fine-wine distributor based in London, as it brings its buy-and-build strategy to the UK.
1 min read · 05 January 2013
As part of a frantic weekend on Wall Street, Bank of America has agreed to acquire Merrill Lynch. A spokesman said it is ‘too early’ to tell whether the deal will include the investment bank’s private equity portfolio, or if it will spin out as an independent firm, as did Bear Stearns Merchant Banking.
2 min read · 05 January 2013
Unprepared to up their offer of 450 pence per share, Providence, Carlyle and Blackstone have walked away from the deal for London-based publisher Informa.
1 min read · 05 January 2013
The US-based infrastructure fund has also completed its first deal, with the purchase of a $363m stake in Florida-based Global Tower Partners from another Macquarie-managed infrastructure fund.
2 min read · 05 January 2013
Having completed the buyout of an €80m offshore marine parts supplier for its first fund, the Danish lower mid-market firm has widened its investor base for its second fund and already surpassed its €200m target.
1 min read · 05 January 2013
Leveraged loans from buyouts are selling at a steep discount. According to reports, KKR and Permira have purchased more than €100m of portfolio company ProSiebenSat.1’s leveraged loans and banks are struggling to offload Clear Channel debt.
2 min read · 05 January 2013
The acquisition of Change Capital comes after a dispute in 2007 between the fund’s owner, the Halley Family of France, and its manager, Luc Vandevelde, former chairman of Carrefour.
1 min read · 05 January 2013
The reduced takeover offer for Informa, publisher of Lloyd's List, by Providence Equity Partners, The Carlyle Group and The Blackstone Group has come after a shake-up in the original consortium that offered £2.15bn for the company in late June.
1 min read · 05 January 2013
Private equity firms are holding on to their portfolio companies longer and expecting more bolt-on acquisitions, possibly employing some ‘wishful thinking’, according to a recent survey which also found a great divergence in valuations.
3 min read · 05 January 2013
The global buyout group is in exclusive talks with credit checking giant Experian to buy its French electronic payments business, in a week in which the firm has already executed two Latin American deals and a Japanese fund close.
2 min read · 05 January 2013
