Sterling Investment Services’ Private Equity News

  • UPDATE 1-Fresenius set to walk away from Danone unit - sources Friday November 28th, 2014 06:37:04 PM
    * Frustration with slowness, complexity of process - source

  • UPDATE 1-Swedish Match in talks with private equity firms to sell STG Friday November 28th, 2014 05:40:53 PM
    (Adds first round bid deadline, background, updates share price)

  • Apax, Bain submit offer for Portugal Telecom assets-sources Friday November 28th, 2014 05:25:47 PM
    LISBON, Nov 28 (Reuters) - Private equity funds Bain Capital and Apax Partners, together with Portuguese conglomerate Semapa , submitted on Friday a firm offer to buy Portugal Telecom's operations in...

  • Bondholders throw their support behind Towergate Friday November 28th, 2014 04:45:53 PM
    LONDON, Nov 28 (IFR) - Towergate's senior secured and unsecured bondholders both issued statements supporting the troubled UK insurance broker on Friday, flying in the face of speculation that...

  • Swedish Match in talks with private equity firms to sell STG -Bloomberg Friday November 28th, 2014 04:28:46 PM
    STOCKHOLM, Nov 28 (Reuters) - Swedish Match AB and Skandinavisk Holding, the owners of Scandinavian Tobacco Group, are in talks with private-equity firms about a possible sale of the cigar maker,...

  • Canadian startups woo Silicon Valley expats for top jobs Friday November 28th, 2014 03:38:32 PM
    TORONTO, Nov 28 (Reuters) - Technology startups in Canada are seeking to lure back expatriates from Silicon Valley with the promise of executive roles, generous stakes and the chance to stamp their...

  • TPG exits China Grand Auto via Haitong sale Friday November 28th, 2014 03:19:43 PM
    HONG KONG, Nov 28 (Reuters) - TPG is exiting its whole investment in car dealership China Grand Automotive Services (CGA) through a sale to Haitong Securities and a third party investor, according to...

  • UPDATE 1-Austria re-opens sale of Hypo Balkan network - sources Friday November 28th, 2014 03:13:24 PM
    * Sale process pushed into next year (Adds details and background)

  • Altice to partner with Portgual's postal service if it wins telecom deal Friday November 28th, 2014 02:56:08 PM
    PARIS, Nov 28 (Reuters) - Telecoms group Altice said it would partner with CTT, Portugal's postal service, on projects in the event that it won a bidding war with private equity funds to buy the...

  • TRLPC-BCA owner CD&R set for dividend payout Friday November 28th, 2014 01:24:11 PM
    LONDON, Nov 28 (Reuters) - The UK's largest seller of second-hand vehicles British Car Auctions (BCA) is seeking to raise a minimum 148 million pounds (232.30 million US dollar) of new loans to...

  • UPDATE 2-S.Korea fails to sell controlling stake in Woori Bank again Friday November 28th, 2014 10:22:02 AM
    * Chinese insurer Anbang sole bidder for controlling stake

  • Smaller alternative funds complain of European 'passport' costs Friday November 28th, 2014 09:06:37 AM
    LONDON, Nov 28 (Reuters) - Hedge fund and real estate fund managers are facing unexpected charges and administrative hurdles to sell their funds across Europe, deterring some from doing so and...

  • Australian billboard firm oOh! Media plans $141 mln IPO Friday November 28th, 2014 08:46:36 AM
    SYDNEY, Nov 28 (Reuters) - Australian billboard company oOh! Media said it plans to raise A$166 million ($141 million) in an initial public offering, the latest in a series of listings by private...

  • S.Korea's Woori Bank receives lone bid in $2.7 bln stake auction -Yonhap Friday November 28th, 2014 08:29:04 AM
    SEOUL, Nov 28 (Reuters) - South Korea's auction of a controlling stake in Woori Bank, the country's second-largest lender, attracted only one bid, from China's Anbang Insurance Group Co Ltd, local...

  • Private equity funds see promise in Australia's battered mines Thursday November 27th, 2014 09:00:00 PM
    * Private funds look for bargains in struggling mining sector

  • UPDATE 2-Apax's $300 mln mid-market Israeli fund to start investing - source Thursday November 27th, 2014 05:24:22 PM
    LONDON, Nov 27 (Reuters) - European private equity house Apax is nearing the target on its $300 million Israeli mid-market fund and is expected hold a so-called "first close" next week, allowing it...

  • EU mergers and takeovers (Nov 27) Thursday November 27th, 2014 05:12:06 PM
    BRUSSELS, Nov 27 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

  • Italian fund plans vehicle to help banks manage bad loans Thursday November 27th, 2014 03:59:51 PM
    MILAN, Nov 27 (Reuters) - Private equity fund Opera plans to set up an investment vehicle to manage some of the bad loans of Italian banks in an attempt squeeze more value out of them.

  • Egypt's Qalaa to issue shares by May for swap, restructuring Thursday November 27th, 2014 02:39:32 PM
    ABU DHABI, Nov 27 (Reuters) - Egypt's Qalaa Holding will issue shares worth 4 billion Egyptian pounds ($560 million) by May 2015 to advance a major restructuring of the loss-making investment fund, a...

  • TRLPC-3i seeks dividend payment from Dutch retailer Action Thursday November 27th, 2014 02:11:11 PM
    LONDON, Nov 27 (Reuters) - Private equity firm 3i is set to take 285 million euros (355.65 million US dollar) from its Dutch retailer Action as part of a wider 840 million euro refinancing, banking...

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