Private Equity
A bidding war is expected to break out for property services company Erinaceous, as HBOS is reported to be the fourth group interested in making an offer. It may be joined by property entrepreneur Tom Hunter’s investment vehicle.
2 min read · 04 January 2013
Carlyle’s purchase of Atlanta, Georgia-based RMI adds to its business services portfolio, while reinforcing investment trends in infrastructure and transport/logistics firms.
1 min read · 04 January 2013
The UK-based private equity group has formally launched its €2.4 billion offer for music company EMI, soon after closing its biggest ever fund. The offer also sets a deadline for any competing bids.
1 min read · 04 January 2013
Delivering the key note speech yesterday at a conference in Canada, Henry Kravis said the buyout industry is in its golden era, and while admitting ’trees don’t grow to the sky’ he dismissed the idea of bubble.
2 min read · 04 January 2013
3i has exited another nine of its minority investments with a £5 million sale to secondaries specialist Shackleton Ventures. Most of the stakes were acquired in the late 1990s, just before the burst of the dotcom bubble.
2 min read · 04 January 2013
US media and communications investment firm Quadrangle has opened its doors in London, passing 3i, CVC Capital Partners and BC Partners, which have all started New York operations recently.
2 min read · 04 January 2013
August Equity has sold InterMed Holdings, an anaesthesia equipment maker, to US healthcare specialist Altaris Capital Partners. The UK mid-market firm has been able to revive the fortunes of the company after a difficult start to its period of ownership.
2 min read · 04 January 2013
Royal Bank of Scotland’s private equity arm has put Southern Water up for sale with a price tag of about £4 billion. The UK utility is likely to attract a number of potential suitors.
2 min read · 04 January 2013
The private equity arm of German insurance giant Allianz is the new owner of 150,000 vending machines across Europe.
1 min read · 04 January 2013
The TPG-led consortium has pulled out of the bidding for a minority stake in Alitalia as sources close to the deal blamed government regulation for making it impossible for the consortium to takeover the company.
2 min read · 04 January 2013
