PAI Partners related stories
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Blackstone to bid in £1.7bn United Biscuits auctionThe US private equity firm is reported to be lining up a bid for United Biscuits, the maker of McVities Biscuits and Jaffa Cakes in the UK. The move will pit the firm against Premier Foods, a UK food group.
- Apollo Management delivers on $1.48bn TNT unit
TNT Logistics, the freight division of the Dutch postal and express business, has been sold to Apollo Management, a US private equity house, for $1.48bn.
- €2bn Lafarge unit on PE radar
Bids for the roofing division of Lafarge, a global cement group, are being considered by a dozen private equity firms as well as trade buyers, according to a French report.
- KKR, Apollo interested in £5bn UK water utility
US buyout firms Kohlberg Kravis Roberts and Apollo Management are eyeing a £5bn bid for Severn Trent, a UK water and waste management business.
- Kraft takes £575m bite of United Biscuits
US food group Kraft has bought the southern European division of United Biscuits, five months after Goldman Sachs was appointed to carry out a strategic review of the biscuit and snacks manufacturer.
- KKR to buy PagesJaunes for €3.4bn
Kohlberg Kravis Roberts, a US buyout house, has beaten off competition from a number of other private equity firms, including Texas Pacific Group and Eurazeo, to acquire France Telecom’s 54% stake in French directories business PagesJaunes.
- TNT Logistics sale grinds to a close
Three private equity firms are in the running to take TNT Logistics, a unit of the Dutch postal firm, private for about €1.3bn ($1.7bn) after a protracted sale.
- Goldman Sachs to bid for PagesJaunes stake
US investment bank Goldman Sachs is to partner with PAI Partners to bid for France Telecom’s 54% stake in the French yellow pages business.
- TNT Logistics sale grinds to a close
Three private equity firms are in the running to take TNT Logistics, a unit of the Dutch postal firm, private for about €1.3bn ($1.7bn) after a protracted sale.
- CapVest, Blackstone in talks over £1bn Unilever unit
The two private equity firms are reportedly considering forming a consortium to make a £1bn bid for Unilever’s frozen foods business, which includes brands such as Birds Eye and Iglo.