ABN AMRO related stories
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ABN AMRO triples cash on refuse vehicle dealABN AMRO Capital has realised its seventh exit of the year through the trade sale of Dennis Eagle, a UK refuse vehicle company, for up to £110 million.
- Hedge funds call for break-up of Stork
Centaurus Capital of the UK and Paulson of the US have forced Dutch conglomerate Stork to hold an EGM later this week, where they will request that the company focus solely on its aerospace business.
- CVC completes Chinese MBO
CVC Asia Pacific has reportedly paid $100m in the management buyout of Chinese flooring products company Plantation Timber Products.
- Fund of funds snared in theft charge
AA Capital, a Chicago and Detroit fund of funds manager that spun out of ABN AMRO in 1995, has been hit with an SEC restraining order pending an investigation into charges that the firm stole at least $10.7m from labour-union LPs. The firm has ties to eleven well known private equity firms, as well as to a Detroit strip club and the rap producer Shorty Capone.
- Norwest gold platform to expand
Following the recent spike in gold prices, Norwest Equity Partners portfolio company Aurafin, a gold jewellery maker, has received $140 million in financing from several banks.
- Electra Partners moves into Italy under new banner
Electra Partners Europe has opened an Italian office while rebranding as Cognetas a year after its formal separation from Electra Investment Trust in 2005.
- ABN Amro sweeps up flooring business
ABN Amro Capital has acquired flooring business Amtico International in a £98m secondary buyout from Electra Private Equity.
- Warburg Pincus leads creation of reinsurance platform
Warburg Pincus, a global private equity firm, has led the $500m formation of Aeolus Re, a Bermuda-based reinsurance company.
- Warburg and Cinven buy Essent Kabelcom for €2.6bn
Warburg Pincus and Cinven, the US and European private equity firms, have won a €2.6bn auction to buy Essent Kabelcom, a Dutch cable operator, following the withdrawal of Liberty Global, a US cable business.
- Australia’s superannuation fund appoints new fund managers
Vision Super, a superannuation fund in Australia, has appointed new managers in a move aimed at expanding its private equity exposure.