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.
The transaction marks the third time in ten years the company has been bought by private equity firms.
Bankers say Europe’s leveraged loan market is demonstrating maturity as JPMorgan and Deutsche Bank, bookrunners on the financing for German Media Partners, reach compromise with investors to get deal off the blocks.
Following an increased offer of 850 pence per share from Richard Balfour-Lynn’s Alternative Hotel Group, Permira has asked shareholders to take no action as it considers whether to make its own bid.
Mecom, the AIM-listed, media investment group, has acquired another European publisher with the purchase of Norway’s Orkla Media Group.
European buyout firm Bridgepoint has sold its five-year investment in Swedish car park operator Carpark for approximately €325m.
Hedge fund Sloane Robinson is forging into private equity with a ₤12m deal to help commercialise intellectual property created at the Institute of Biomedical Engineering at Oxford University.
French mid-market firm Pragma Capital has acquired Barclays Private Equity’s 80 percent stake in La Croissanterie, France’s second-largest sandwich chain.
Spanish-language US media leader Univision Communications and a private equity consortium—including a firm led by the executive producer of the “Power Rangers” television series—announced a landmark $13.7bn acquisition of the publicly traded media giant.
The New York-based firm has made another investment in the fraud and compliance sector with Daylight Forensic & Advisory.