Barclays Wealth and Investment Management related stories
All articles and analysis
Barclays in secondary spray can dealThe private equity arm of UK banking giant Barclays has paid NI Partners an undisclosed sum for The Aerocan Group, one of Europe’s largest manufacturers of aluminium aerosol cans.
- Judge approves auction for Lehman's investment management division
The auction for Lehman's Neuberger Berman and units including private equity fund of funds and secondaries, as well as infrastructure, will proceed despite objections from Carlyle over a $2.15bn bid from Bain and Hellman & Friedman.
- Lehman’s $30bn private equity portfolio still up for grabs
As British bank Barclays snaps up Lehman’s core investment banking businesses, the fate of the bankrupt bank’s investment management division and private equity portfolio has yet to be sealed. Reports that CVC is bidding for the investment management division are false, PEO has confirmed.
- Lehman to pursue merchant banking sale
Talks to sell a stake in the bank’s investment management division, including a $30bn private equity portfolio, will continue, despite its march toward insolvency.
- Carlyle-backed company sells division to Close Brothers
The UK bank’s private equity division has augmented its chemicals portfolio, backing the £129m management buyout of Warwick International.
- Temasek annual profit doubles
The sovereign fund, which has received US antitrust approval to raise its stake in Merrill Lynch, has doubled its profits to S$18.2 billion. Though it predicts continued credit market fallout will dampen the economy, Temasek has indicated it will continue to do direct deals in financial services.
- Apax, Barclays sell Somerfield for £1.6bn
The UK's Somerfield supermarket chain, acquired for £1.8bn in 2005 by an Apax- and Barclays-led consortium, has been sold on a cash-free, debt-free basis. The sale reportedly resulted in a 2x exit for the syndicate.
- Goldman, Chinese firms to pay €271m for CIFA in secondary sale
Italian private equity firm Magenti will sell the concrete equipment firm to a consortium comprised of Shenzhen-listed construction equipment company Zoomlion, Goldman Sachs, Hony Capital and Mandarin Capital Partners.
- Goldman Sachs, TPG to exit Alltel in $28.1bn sale
Verizon Wireless has agreed to purchase the telecom company less than a year after it was taken private for $27.5bn.
- Barclays buys vehicle trim company from 3i, Taros
German company Novem, whose first management buyout was backed by Goldman Sachs and CVC Capital Partners, will change hands for the third time among private equity sponsors.