Private Equity
The Blackstone Group has admitted defeat in its attempt to buy La Tasca, a UK tapas chain, after property investor Robert Tchenguiz bought up a blocking stake and trumped its bid for a second time.
1 min read · 03 January 2013
UK mid-market firm ECI Partners has sold Nuaire, a UK manufacturer of ventilation systems, to Electra Partners, generating an internal rate of return of 80 percent. It has also bought CliniSys, a provider of healthcare software, for £61 million.
1 min read · 03 January 2013
US buyout firm Apollo Management has continued its recent spate of activity by agreeing a $1.5 billion deal for the aluminium business of Xstrata, an Anglo-Swiss mining group.
1 min read · 03 January 2013
US firm Kohlberg Kravis Roberts has pulled out of the private equity consortium circling UK retailer Sainsbury’s, amid growing concerns that its ongoing bid for Alliance Boots could lead to competition issues.
1 min read · 03 January 2013
The management of eismann, a German frozen food group, have teamed up with mezzanine provider Intermediate Capital Group to buy out their current private equity owners.
1 min read · 03 January 2013
Aureos has invested $5m in a Panama aluminium company, as the expansion of the Panama Canal continues to drive growth in the country’s construction sector.
1 min read · 03 January 2013
Index Ventures has led the first financing round for Netlog, a social networking site with pan-European aspirations.
2 min read · 03 January 2013
Robert Tchenguiz has raised the stakes again in his increasingly fierce battle with Blackstone for tapas chain La Tasca, upping his original bid and buying a 20 percent stake in the business.
2 min read · 03 January 2013
A Terra Firma-led consortium has made a £10.85 billion buyout offer for Alliance Boots, just hours after the UK chemist accepted a sweetened £10.6 billion bid from Kohlberg Kravis Roberts. The company’s share price soared as investors anticipated a bidding war.
2 min read · 03 January 2013
Shares in Australian retailer Coles Group continued to climb as a A$20 billion bidding war between local rival Wesfarmers, a Kohlberg Kravis Roberts-led buyout consortium, and other international trade players looked increasingly likely.
2 min read · 03 January 2013
