Sterling Investment Services’ Private Equity News

  • UPDATE 4-Thai Union Frozen to buy U.S. tuna firm Bumble Bee for $1.5 bln Friday December 19th, 2014 04:46:19 PM
    * Bangkok Bank, SCB to provide financing (Adds comment on potential U.S. antitrust issues)

  • BayernLB sues Ecclestone for damages over Formula One sale Friday December 19th, 2014 04:39:26 PM
    MUNICH, Dec 19 (Reuters) - German state-backed lender BayernLB is suing Formula One boss Bernie Ecclestone for millions of euros in damages in connection with his involvement in the 2006 sale of its...

  • Confusion reigns in leveraged land Friday December 19th, 2014 03:47:12 PM
    NEW YORK, Dec 19 (IFR) - Bankers specialising in leveraged loans and high-yield bonds say 2015 will start off in a similar fashion to 2014: with the same level of confusion about how to interpret US...

  • Deals of the day- Mergers and acquisitions Friday December 19th, 2014 02:30:20 PM
    (Adds BlackBerry, Starwood Capital, EnBW, Alstom, BASF, Hawesko; updates Club Mediterranee, Pivovarna Lasko)

  • TRLPC-Banks prep 500 mln stg loan for HEG's intergenia buy and refi Friday December 19th, 2014 02:25:24 PM
    LONDON, Dec 19 (Reuters) - Banks have lined up around 500 million pounds ($783.50 million) of leveraged loans to back internet domain and hosting company Host Europe Group's acquisition of...

  • EU mergers and takeovers (Dec 19) Friday December 19th, 2014 02:23:26 PM
    BRUSSELS, Dec 19 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

  • CVC, Singapore's GIC to cut stake in HKBN listing Friday December 19th, 2014 02:14:25 PM
    HONG KONG, Dec 19 (Reuters) - HKBN Ltd, the second-largest broadband Internet provider in Hong Kong, filed late on Friday for an initial public offering, with shareholders including private equity...

  • Hawesko calls for shareholder meeting in battle against hostile bid Friday December 19th, 2014 11:16:26 AM
    FRANKFURT, Dec 19 (Reuters) - German wine seller Hawesko has called an extraordinary shareholder meeting for Jan. 26 to discuss a hostile takeover bid from 31-percent shareholder Detlev Meyer, the...

  • BRIEF-Atlas Mara increases its stake in Union Bank of Nigeria to 29.9 pct Friday December 19th, 2014 11:04:00 AM
    * Atlas Mara successfully increases its stake in Union Bank of Nigeria to 29.9 pct

  • BRIEF-RSA Insurance sells its stake in Thailand insurer Syn Mun Kong Friday December 19th, 2014 09:32:30 AM
    * It agreed and completed sale of its 21.75 pct holding in Thailand insurer Syn Mun Kong to Leapfrog Thailand Holdings Ltd and Mindo Asia Investments Ltd

  • BRIEF-IK Investment Partners to sell Agros Nova Friday December 19th, 2014 09:08:29 AM
    * The IK 2007 Fund has reached an agreement to sell part of the Agros Nova Group, a leading manufacturer of branded fruit and vegetable food products, to Maspex-GMW Sp. z o.o. Sp. k. ("Maspex"), the...

  • BRIEF-Wolters Kluwer to acquire SBS Software in Germany Friday December 19th, 2014 09:05:05 AM
    * Acquisition expands position in tax & accounting software for tax advisors Source text for Eikon: Further company coverage:

  • BRIEF-Altor buys Danish Norican Friday December 19th, 2014 08:54:30 AM
    * Altor Fund IV (Altor) has signed a binding agreement to acquire a majority of the shares in the leading metallic parts enhancement company Norican Holdings ApS ("Norican")

  • Thai TUF may need to raise equity after debt-fuelled Bumble Bee buy-CEO Friday December 19th, 2014 05:22:23 AM
    BANGKOK, Dec 19 (Reuters) - Thai Union Frozen Products PCL (TUF) may need to raise equity capital to lower its debt-to-equity ratio after a $1.5 billion acquisition of U.S. tuna producer Bumble Bee...

  • Thai Union Frozen to buy N.American tuna firm Bumble Bee for $1.5 bln Friday December 19th, 2014 02:10:51 AM
    BANGKOK, Dec 19 (Reuters) - Thai Union Frozen Products PCL , the world's largest canned tuna producer, said on Friday it has signed an agreement to acquire 100 percent of North American tuna company...

  • American Apparel approached for possible buyout -WSJ Friday December 19th, 2014 01:41:07 AM
    Dec 18 (Reuters) - Clothing manufacturer American Apparel Inc has been approached by private equity firm Irving Place Capital for a possible takeover, The Wall Street Journal reported, citing sources.

  • Fortress looks to sell TRAC Intermodal - sources Thursday December 18th, 2014 10:33:08 PM
    Dec 18 (Reuters) - Private equity firm Fortress Investment Group LLC is exploring a sale of TRAC Intermodal LLC, a logistics equipment leasing company that could be valued at more than $1.7 billion,...

  • Deals of the day- Mergers and acquisitions Thursday December 18th, 2014 09:00:10 PM
    (Adds BNP Paribas, One Equity, Deere, Aer Lingus, Grupo Bimbo, Roche; updates Alcatel Lucent)

  • Advent buys control of wholesale tech firm in 4th Brazil deal this year Thursday December 18th, 2014 08:55:49 PM
    SAO PAULO, Dec 18 (Reuters) - U.S. buyout firm Advent International Corp bought control of Brazilian wholesale technology products distributor Allied SA from rival One Equity Partners LLC on...

  • Latest LightSquared Ch. 11 exit plan would give Harbinger equity Thursday December 18th, 2014 08:21:18 PM
    NEW YORK, Dec 18 (Reuters) - LightSquared, the bankrupt wireless venture owned by Phil Falcone's Harbinger Capital Partners, on Thursday submitted a new restructuring plan under which Harbinger would...

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