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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, Jan 25 (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.

Jan 22, 2015

CRH races Blackstone for Holcim, Lafarge assets -sources

FRANKFURT/LONDON, Jan 22 (Reuters) – Irish cement maker CRH
and a consortium led by Blackstone will battle
for the assets which Lafarge and Holcim must
sell ahead of their planned merger, several people familiar with
the matter said.

One source said that CRH was seen as the front runner having
tabled the highest offer for the assets with a bid of 6 billion
euros ($6.9 billion), although it is still too close to call who
might win.

Jan 13, 2015

Exclusive: Sale of Kuwait food company Americana falters – sources

LONDON (Reuters) – The sale of Kuwaiti food company Americana (FOOD.KW: Quote, Profile, Research) is close to being put on hold, weighed down by differences on price and a difficult environment for deal-making, three sources familiar with the matter said on Tuesday.

Americana, which is backed by Kuwait’s billionaire al-Kharafi family, operates franchises for chains including KFC and Pizza Hut. The group has a market value of 1.13 billion dinars ($3.84 billion).

Jan 12, 2015

Bankers see good omens for raising cash on Europe’s stock markets

LONDON (Reuters) – Early successes bode well for firms wanting to raise money through European stock markets in 2015, according to bankers who earn handsome fees from such deals which surged last year.

Santander (SAN.MC: Quote, Profile, Research) found investors eager for a 7.5 billion euro ($8.9 billion) share sale announced on Jan. 8, with books being covered in just an hour.

Dec 24, 2014

IPO bankers earn a merry Christmas with a bumper year

LONDON/HONG KONG (Reuters) – Bankers responsible for floating companies and selling new shares into the market will enjoy a well-earned rest this Christmas after their busiest year since 2007, having notched up business worth almost $865 billion in the last 12 months.

Firms flocked to issue shares in 2014 and private equity firms seized the opportunity to sell out of investments, cashing in on renewed confidence in the stock market and investors’ hunger for yields at a time of rock-bottom interest rates.

Dec 23, 2014

IPO bankers earn a merry Christmas with a bumper year – data

LONDON/HONG KONG, Dec 23 (Reuters) – Bankers responsible for
floating companies and selling new shares into the market will
enjoy a well-earned rest this Christmas after their busiest year
since 2007, having notched up business worth almost $865 billion
in the last 12 months.

Firms flocked to issue shares in 2014 and private equity
firms seized the opportunity to sell out of investments, cashing
in on renewed confidence in the stock market and investors’
hunger for yields at a time of rock-bottom interest rates.

Dec 16, 2014

Three groups seen competing for Holcim-Lafarge assets – sources

FRANKFURT/LONDON, Dec 16 (Reuters) – The battle for the
assets cement firms Lafarge and Holcim must
sell to get the go-ahead for their merger will likely be between
three groups, several people familiar with the matter said.

The three groups expected to hand in binding bids by a
mid-January deadline are: Irish cement maker CRH ;
Blackstone, Cinven and Canadian pension fund
CPP; a team consisting of CVC and sovereign wealth
funds the Abu Dhabi Investment Authority (ADIA) and Singapore’s
GIC.

Dec 12, 2014

Exclusive: Chef Jamie Oliver’s empire whips up investor interest

LONDON (Reuters) – British celebrity chef Jamie Oliver is looking to outside investors to help expand his growing network of Italian restaurants and to fund an online TV project, sources familiar with the situation said.

Oliver, who has amassed a fortune of 240 million pounds ($377 million) according to the Sunday Times Rich List, could raise funds early next year to support his media initiatives.

Dec 12, 2014

Chef Jamie Oliver’s empire whips up investor interest

LONDON, Dec 12 (Reuters) – British celebrity chef Jamie
Oliver is looking to outside investors to help expand his
growing network of Italian restaurants and to fund an online TV
project, sources familiar with the situation said.

Oliver, who has amassed a fortune of 240 million pounds
($377 million) according to the Sunday Times Rich List, could
raise funds early next year to support his media initiatives.