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Consortium mulls Intelsat saleA consortium of four private equity firms is contemplating the $17 billion sale of satellite operator Intelsat, potentially yielding a tenfold return on its initial investment.
- TPG mulls bid for Iberia
Texas Pacific Group is reportedly considering a €3.4 billion bid for Iberia, Spain’s largest airline, as its bid for Australia-based Qantas continues to flounder.
- Sainsbury shares rise as buyout consortium takes pole position
UK retailer Marks & Spencer has ruled out an imminent bid for supermarket chain Sainsbury, removing a major obstacle to a potential offer from the CVC-led buyout consortium eyeing the company.
- Pacific Equity Partners $1.3bn MBO attempt fails
As expected, Pacific Equity Partners and the co-founders of Australia’s Flight Centre failed to receive enough shareholder support to take the listed travel agency private, after its largest shareholder voted against the deal.
- Wolseley shares leap on Cinven report
Shares in building supplies group Wolseley rose as much as 8 percent this morning following reports that buyout firm Cinven is preparing a bid for the company, but Wolseley has denied receiving any approach.
- Blackstone leads the bidding for Apax healthcare asset
Blackstone and the Wallenbergs take an early lead in the €3 billion race for Mölnlycke, a Swedish medical products manufacturer.
- Colony makes $5bn bid for Station Casinos
Los Angeles-based Colony Capital is backing management in a $5bn take-private of casino group Station Casinos.
- TPG, Apollo to buy Harrah’s for $17bn(3)
After months of negotiation, the board of the gaming company has agreed to a sweetened offer from the two private equity firms.
- Blackstone starts selling after biggest ever buyout
The Blackstone Group yesterday sealed a hard-fought victory in the $40 billion battle for Equity Office Properties. Now its thoughts will turn to making sure its investment bears fruit, writes James Taylor.
- TPG, Apollo to buy Harrah’s for $17bn(2)
After months of negotiation, the board of the gaming company has agreed to a sweetened offer from the two private equity firms.