Western Europe

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.

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.

More private equity firms mull Capio bids

Blackstone, Cinven and CVC are reportedly looking at Swedish healthcare business Capio, despite Apax Partners and Nordic Capital having a €1.67bn unsolicited bid rejected earlier this month.

Milestone makes it five exits for the year(2)

Anglo-French buyout firm Milestone Capital Partners has completed another exit from its third fund with the sale of dry cleaning business 5àSec. It has now returned 60 percent of investors’ commitments with over half of its original deals still in the portfolio.

Cerberus sells German residential portfolio for €1.6bn(2)

Pirelli RE and Deutsche Bank have agreed to buy German property group BauBeCon from Cerberus, in a transaction valued at €1.6bn.

Milestone makes it five exits for the year

Anglo-French buyout firm Milestone Capital Partners has completed another exit from its third fund with the sale of dry cleaning business 5àSec. It has now returned 60 percent of investors’ commitments with over half of its original deals still in the portfolio.

Trade rival threatens Candover Stork deal(3)

The ongoing saga over Dutch conglomerate Stork may be set for a further twist, after trade rival Marel built up its stake in the company to 20 percent, threatening to derail Candover’s agreed €1.5 billion bid.

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.

Milestone continues rebound with fourth exit this year(2)

Milestone Capital Partners looks to have completed the latest in a string of successful exits after agreeing to sell its stake in data room business IX Europe – just weeks after selling port terminal operation Nordic Limited to Forth Ports for a four times return.

Trade rival threatens Candover Stork deal(2)

The ongoing saga over Dutch conglomerate Stork may be set for a further twist, after trade rival Marel built up its stake in the company to 20 percent, threatening to derail Candover’s agreed €1.5 billion bid.