Private Equity
The consortium of US buyout firm TPG, British airline BA and three Spanish companies is still waiting for Iberia to open its books. Meanwhile disgruntled Iberia shareholders are considering making a counteroffer.
2 min read · 04 January 2013
The United Auto Workers union has reversed its opposition to the Chrysler sale, saying the $7.4 billion Cerberus-led buyout is in its members’ and the company’s best interests. The endorsement is a coup for the private equity industry, currently under fire from US and European labour unions.
2 min read · 04 January 2013
French buyout firm PAI partners has entered exclusive talks to buy compatriot Kaufman et Broad, in the latest example of frenetic M&A activity in the house-building sector.
2 min read · 04 January 2013
EQT has sold its remaining stake in Symrise, a German flavouring business. With a total return of about €1.1 billion, the investment has proved to be one of the most successful European private equity deals to date.
1 min read · 04 January 2013
Sovereign Capital makes its latest investment in heath care through the purchase of a London-based child care company by a Sovereign portfolio company, Complete Personal Assistance.
1 min read · 04 January 2013
Private equity in the UK will be increasingly supported by asset-based lending, a financing technique that allows companies to borrow against their assets.
2 min read · 04 January 2013
European buyout firm BC Partners has entered exclusive talks with UK property firm Foxtons. BC Partners is believed to have fended off private equity rivals TA Associates and 3i to reach the talks alone.
1 min read · 04 January 2013
George Anson, HarbourVest’s managing director in Europe, has warned managers not to be complacent in the face of heightened interest in the asset class from regulators, legislators and unions.
3 min read · 04 January 2013
BC Partners has bought Foxtons for approximately £400 million (€585 million, $790 million) after a six month bidding process.
1 min read · 04 January 2013
European buyout firms CVC and PAI and rival suitor Imperial Tobacco have begun due diligence of Altadis, a Franco-Spanish tobacco group with private equity in pole position to triumph.
2 min read · 04 January 2013
