HSBC Bank (UK) Pension Scheme related stories
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KKR offloads 50% stake in OrientalLess than two months after acquiring Oriental Brewery in a blockbuster deal, KKR is selling half the brewer to Affinity Equity Partners for $400m.
- ICG to stockpile £826m in dry powder
The listed debt investor has launched a fully underwritten rights issue and has raised €475m for its 2008 Recovery Fund.
- MENA Infrastructure Fund buys 32.8 percent stake in United Power
The firm bought the stake from GDF Suez Group when it was asked to divest its holdings in the Oman-based company when it was selected to develop other power projects in the Sultanate.
- Reinventing the wheel
African GPs are looking beyond traditional structures to raise money in today’s market, writes Toby Mitchenall.
- KKR acquires Oriental Brewery for $1.8bn
The global buyout firm has agreed to the terms laid out by the brewery’s parent InBev, which include its right – but not obligation – to reacquire the brewery within five years on ‘pre-determined financial terms’.
- KKR closes in on Oriental Brewery
The global buyout firm reportedly increased its bid for the Korean beer producer to more than $1.9bn and accepted terms such as paying a further $100m if the company’s EBITDA tops estimates two years after the sale.
- BPE continues to mull spin-out
Barclays' private equity arm is continuing talks with its parent about a possible spin-out, though contrary to media reports, sources say investors in Barclays Private Equity funds have as yet not been involved.
- Pamplona rescues German car part maker
Leverkusen-based TMD Friction, which for six years was owned by UK buyout firm Montagu Private Equity, has now been bought out of bankruptcy by UK-based asset management firm Pamplona, saving 3,800 jobs.
- Ex-HSBC duo execute debut buyout
Marlow Capital is currently raising finance on a deal by deal basis. Its first buyout – that of South African waste management business Wasteman – is thought to be worth in the region of $50m.
- Macquarie adds to transaction fundraising team
Former Lehman Brothers investment bankers Michael Meyers and Sean Fitzgerald have joined Macquarie’s private placement team, where they will focus on raising equity for transactions.