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Feb 26, 2015

Star Capital lines up sales of Pepcom, Eleclink -sources

BERLIN, Feb 26 (Reuters) – European investment fund Star
Capital is launching preparations to sell German cable group
Pepcom and a separate deal to dispose of a stake in Eleclink, a
company running a power cable connecting Britain and France, two
people familiar with the matter told Reuters.

Star Capital has asked HSBC, which is leading a
refinancing of Pepcom, to explore options for the company, the
sources said on Thursday.

Feb 25, 2015

Exclusive: Terra Firma to launch sale of cinema chain Odeon & UCI

BERLIN (Reuters) – Private equity group Terra Firma is planning to launch the sale of its European cinema chain Odeon & UCI Group toward the end of the year in a potential 1 billion pound ($1.55 billion) deal, its chairman told Reuters.

“We will look to begin the process to sell Odeon towards the end of the year,” Guy Hands said on Wednesday.

Feb 25, 2015

Flush with cash, private equity faces $1 trillion headache

BERLIN, Feb 25 (Reuters) – Private equity funds are sitting
on record levels of cash. And yet delegates at an industry
conference in Berlin are feeling the pressure to generate
adequate returns and offer value for money to investors.

Major players agree that funds, known as General Partners
(GPs), are being forced to address demands from investors
piling record amounts of cash into funds as they seek returns
when interest rates are at rock bottom.

Feb 24, 2015

New oil rush? Private equity starts to buy into energy assets

BERLIN, Feb 24 (Reuters) – Earning $7 on the dollar is any
investor’s dream. Buyout group Apollo has shown with its
investment in oil exploration and production company Athlon
Energy that such reveries can become reality.

A slump in oil prices has spurred activity among private
equity investors around the world hoping for their own bumper
returns by scooping up assets on the cheap.

Feb 6, 2015

Buyout firm Exponent emerges as frontrunner for Big Bus Tours: sources

LONDON (Reuters) – UK private equity firm Exponent has emerged as the frontrunner to buy open-top sightseeing company Big Bus Tours, two sources familiar with the matter said on Friday.

Reuters reported last year that the owners of the company, which is partially family-backed, had hired JP Morgan (JPM.N: Quote, Profile, Research) to run a sale potentially worth up to 500 million pounds ($762 million).

Feb 5, 2015

New UK loans group poised for London float, acquisitions

LONDON, Feb 5 (Reuters) – A new venture that aims to lend to
cash-strapped consumers shunned by high street banks is seeking
to raise around 100 million pounds ($152 million) in a London
market debut.

Non-Standard Finance (NSF), founded by former Provident
Financial chairman John van Kuffeler, has already
received 48 million pounds from Woodford Investment Management,
Invesco and Marathon Asset Management, it said on Thursday.

Feb 2, 2015

Clear Channel halts sale of European outdoor ad assets -sources

LONDON (Reuters) – Clear Channel Outdoor Holdings (CCO.N: Quote, Profile, Research) has put on hold the sale of its European outdoor advertising business after the process was hit by a weaker euro, five sources familiar with the matter said on Monday.

Reuters reported last year that the U.S. company’s debt-laden parent iHeartMedia [IHRT.PK] was working with Moelis (MC.N: Quote, Profile, Research) and Citi (C.N: Quote, Profile, Research) to help sell the European assets in a deal potentially worth more than $2.5 billion.

Jan 29, 2015

UK private equity firm 3i keen to sell assets to yield-hungry investors

LONDON, Jan 29 (Reuters) – British private equity firm 3i
Group said strong market valuations had cleared the way
for further disposals after it raised 245 million pounds ($371
million) from sales of investments in the final quarter of last
year.

The owner of luxury lingerie firm Agent Provocateur and
women’s clothing chain Hobbs said its sale of German automotive
supplier Hilite and further sales of stakes in several listed
U.S. investments had brought its total to 569 million pounds in
the nine months to Dec. 31.

Jan 27, 2015

Swiss telecoms firm Sunrise could be worth up to $3.7 bln in IPO

ZURICH/LONDON, Jan 27 (Reuters) – Sunrise, Switzerland’s
second-biggest telecoms operator, expects to be valued at up to
3.3 billion Swiss francs ($3.7 billion) in a stock market debut
aimed at paying down debt and stepping up its challenge to
bigger rival Swisscom.

Sunrise, which counts Swiss tennis star Roger Federer as an
ambassador, on Tuesday set a price range for its initial public
offering (IPO) of 58-78 francs per share, giving it an implied
market value of 2.8-3.3 billion francs.

Jan 25, 2015

Got a spare billion? Investment bankers are keen to help

LONDON (Reuters) – The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers.

Traditionally focused on companies and institutions, investment banks are hiring staff and reorganising teams to cater to wealthy clans, from Chinese multi-millionaires to old world dynasties in Europe and the United States.