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Sep 10, 2014

Scottish vote puts temporary brake on British share issues

LONDON, Sept 10 (Reuters) – Bankers are advising companies
planning London stock market listings to avoid launching them in
the run-up to next week’s Scottish independence vote or
immediately after it, because of the potential for market
volatility.

Investors are watching the Sept. 18 referendum with renewed
interest after a weekend opinion poll showed the “Yes” camp
-representing those in favour of independence – with a narrow
lead.

Sep 7, 2014

European market hopefuls face harder sell as investors weary of IPO flood

LONDON (Reuters) – European stock market listings are kicking off again after a summer break, but many companies hoping to copy successful flotations earlier in the year now have to convince investors weary from a flood of new names and burned by high prices.

Enthusiasm for initial public offerings (IPOs) has quadrupled the amount raised in Europe in the first nine months of this year compared to last to a total of $55.5 billion.

Sep 7, 2014

Stock market hopefuls face harder sell as investors weary of IPO flood

LONDON, Sept 7 (Reuters) – European stock market listings
are kicking off again after a summer break, but many companies
hoping to copy successful flotations earlier in the year now
have to convince investors weary from a flood of new names and
burned by high prices.

Enthusiasm for initial public offerings (IPOs) has
quadrupled the amount raised in Europe in the first nine months
of this year compared to last to a total of $55.5 billion.

Sep 3, 2014

Ackman taps Deutsche Bank, UBS for hedge fund portfolio IPO: sources

LONDON/BOSTON (Reuters) – Billionaire investor William Ackman has tapped Deutsche Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz) and UBS (UBSN.VX: Quote, Profile, Research, Stock Buzz) to handle the listing of one of his hedge fund portfolios in London later this year, three sources familiar with the matter said on Wednesday.

Ackman had told investors last month he would try to raise permanent capital for his New York-based hedge fund Pershing Square Capital Management’s Pershing Square Holdings fund.

Aug 29, 2014

TDC and buyout firms vie for Norway’s cable operator Get – sources

LONDON/STOCKHOLM, Aug 29 (Reuters) – Norway’s second-biggest
cable operator Get expects to receive binding offers from
Denmark’s TDC and two heavyweight private equity funds
in a sale that could value the company at around 1.4 billion
euros ($1.84 billion) including debt, several sources familiar
with the situation said.

European private equity firms BC Partners and EQT
will table their bids ahead of a deadline of Sept. 11 and will
face competition from Danish telecoms group TDC, the sources
said on Friday.

Aug 14, 2014

Exclusive: Arcapita Bank hires JP Morgan to float Irish energy firm Viridian – sources

LONDON (Reuters) – Bahrain-based Arcapita Bank has hired JP Morgan to lead a share listing for Irish energy firm Viridian Group, two sources familiar with the matter said on Thursday, in a deal that one said could give the firm a value, including debt, of nearly 1 billion pounds ($1.7 billion).

Belfast-based Viridian emerged as a holding company in 1998, after the 1993 privatization of Northern Ireland Electricity. It now operates through its Energia and Power NI businesses and owns two gas-fired generation plants at Huntstown, north of Dublin.

Aug 14, 2014

Speed is of the essence in IPO roadshow tour scramble

LONDON (Reuters) – Going on the road isn’t what it used to be for investment bankers hawking shares in companies seeking a stock market listing.

Gone are the days of the private jet and the two-week carousel of five-star hotels in Europe and the United States. Instead, it is more likely to be a scramble from Hong Kong to New York, often flying on commercial airlines, to capture the ear of potential investors.

Aug 14, 2014

Exclusive: AAC Capital plans sale of kettle component maker Strix

HONG KONG / LONDON (Reuters) – AAC Capital UK is looking to sell kettle safety firm Strix in a deal that could value the company at $500 million and draw interest from other private equity firms and Chinese buyers, three sources familiar with the matter told Reuters.

AAC, the former UK private equity arm of ABN Amro, has hired Lazard to sell Strix Investments Ltd, which is headquartered in the Isle of Man but has offices in Belgium, Russia, China and Hong Kong.

Aug 14, 2014

AAC Capital plans sale of kettle component maker Strix

HONG KONG / LONDON, Aug 14 (Reuters) – AAC Capital UK is
looking to sell kettle safety firm Strix in a deal that could
value the company at $500 million and draw interest from other
private equity firms and Chinese buyers, three sources familiar
with the matter told Reuters.

AAC, the former UK private equity arm of ABN Amro, has hired
Lazard to sell Strix Investments Ltd, which is headquartered in
the Isle of Man but has offices in Belgium, Russia, China and
Hong Kong.

Jul 30, 2014

Charterhouse to sell UK skincare firm Deb Group: sources

LONDON (Reuters) – European private equity firm Charterhouse [CHCAP.UL] is preparing to sell UK skincare company Deb Group, several sources with knowledge of the talks said, in a deal that could be worth up to 650 million pounds ($845 million) including debt.

Charterhouse has hired Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) to lead the sale process which will start in the last quarter of the year and could run into 2015, a person familiar with the situation said on Wednesday.