CVC Capital Partners related stories
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London shops go large in New YorkCVC, 3i and BC Partners all have recently opened up major new offices in New York City, indicating the growing global influence of UK-based private equity franchises.
- Rival consortium challenges KKR for Coles
A consortium that includes Pacific Equity Partners, Permira and Wesfarmers, a Sydney-listed conglomerate, has bid A$19.7 billion for Coles Group, Australia’s second-biggest retailer – although KKR could yet return with another bid.
- New Look set for £2bn secondary sale
Permira and Apax Partners have reportedly decided to sell rather than float their £2 billion-rated UK fashion retailer New Look, after the company’s management expressed a preference to remain privately-owned.
- Next could be next
Shares in UK clothing retailer Next hit an all-time high on Wednesday morning, following speculation that it could be the next target for a private equity bid.
- Sainsbury’s shares slide as consortium disintegrates
Shares in Sainsbury’s, a UK retail chain at the centre of a controversial £10 billion private equity bid, slid this morning as two more of the buyout firms involved reportedly pulled out of the deal. The news followed continuing opposition from pension fund trustees and minority shareholders.
- CVC discusses Austrian steel deal
CVC Capital Partners is in talks with the board of Austrian steel group Boehler Uddeholm about a friendly takeover deal, which could involve taking the listed company private.
- Candover backs out of Auto Trader bidding
Auto Trader, a car sales business owned by the UK-based Guardian Media Group, is expected to be valued at up to £1.3 billion when final bids are submitted tomorrow. The price has reportedly frightened off one interested party.
- Apax’s first close is imminent on €6bn
The veteran European firm is days away from a first close on its latest fund on €6 billion, putting the firm in a strong position to hit a final target of about €10 billion, investors say.
- Buyout firms could enter Altadis race
Three private equity firms are reportedly in talks with British American Tobacco about submitting a rival bid for Altadis, a Franco-Spanish cigarette maker that has become a bid target in the latest round of consolidation in the industry.
- CVC sells ista to Charterhouse for €2.4 billion
CVC Capital Partners has realised most of its investment in German metering business ista, after completing a €2.4 billion secondary sale to UK buyout firm Charterhouse Capital Partners.