Freya's Feed
Aug 26, 2015

As China sneezes, bankers hope European IPO market won’t catch cold

LONDON, Aug 26 (Reuters) – Bankers still hope to float
scores of companies on Europe’s shell-shocked stock markets in
coming weeks, unless a summer selloff sparked by China’s
economic woes extends into September.

Between 20 and 40 European listings are scheduled in the
next few months, and bankers involved in such deals are hopeful
that markets roiled by China’s limp growth prospects can be
sufficiently soothed by next week, when the sales window
traditionally reopens after the summer break.

Aug 19, 2015

From volleys to ventures: Andy Murray dips into crowdfunding

LONDON, Aug 19 (Reuters) – British tennis player Andy Murray
has ventured into crowdfunding.

The world No.2 has made three investments of an undisclosed
sum on London-based crowdfunding platform Seedrs, as the sector
that allows large numbers of people to invest small amounts of
capital to finance a business venture continues to move into the
mainstream.

Aug 17, 2015

London City Airport owners pick Credit Suisse for possible 2 billion pound sale – sources

LONDON (Reuters) – London City Airport’s owners have picked Credit Suisse to advise them on a potential sale that could value the business at as much as 2 billion pounds, two sources close to the deal said on Monday.

City Airport, a favourite among executives for its convenient location near London’s two financial districts, could be sold as soon as this year, said the people, who could not be named because the matter is confidential.

Aug 17, 2015

London City Airport owners pick Credit Suisse for possible $3 bln sale – sources

LONDON, Aug 17 (Reuters) – London City Airport’s owners have
picked Credit Suisse to advise them on a potential
sale that could value the business at as much as 2 billion
pounds ($3.1 billion), two sources close to the deal said on
Monday.

City Airport, a favourite among executives for its
convenient location near London’s two financial districts, could
be sold as soon as this year, said the people, who could not be
named because the matter is confidential.

Aug 9, 2015

Pret a Manger’s star rises with potential 2016 float

LONDON, August 9 (Reuters) – Its name means “ready to eat”
but the lip-smacking question for investors is whether British
sandwich chain Pret a Manger is ready to go public.

The retailer’s private equity owner Bridgepoint is looking
to ramp up overseas profits before selling out, and is
considering a U.S. listing as one option, a private equity
source close to the matter said.

Jul 31, 2015

Exclusive: Nordic Capital eyes $1 billion exit of Finnish discount chain Tokmanni

LONDON (Reuters) – Buyout house Nordic Capital is eyeing an exit from Finnish retailer Tokmanni, in a deal that could value the country’s largest discount store chain at around 900 million euros ($998 million) including debt, three sources familiar with the matter said on Friday.

Bankers are preparing to present exit options to Nordic in August, in what could result in a rare, sizeable initial public offering (IPO) in the country.

Jul 31, 2015

Nordic Capital eyes $1 bln exit of Finnish discount chain Tokmanni – sources

LONDON, July 31 (Reuters) – Buyout house Nordic Capital is
eyeing an exit from Finnish retailer Tokmanni, in a deal that
could value the country’s largest discount store chain at around
900 million euros ($998 million) including debt, three sources
familiar with the matter said on Friday.

Bankers are preparing to present exit options to Nordic in
August, in what could result in a rare, sizeable initial public
offering (IPO) in the country.

Jul 29, 2015

Lone Star to buy UK property firm Quintain for 700 million pounds

LONDON (Reuters) – U.S. private equity firm Lone Star has agreed to buy British property firm Quintain Estates and Development (QED.L: Quote, Profile, Research) for 700 million pounds to gain one of London’s few remaining large-scale development opportunities.

The cash bid of 131 pence a share is about 22 percent above Quintain’s closing price on Tuesday and gives Lone Star access to a large area of undeveloped land around London’s Wembley Stadium.

Jul 29, 2015

Lone Star to buy UK property firm Quintain for $1.1 billion

LONDON (Reuters) – U.S. private equity firm Lone Star has agreed to buy British property firm Quintain Estates and Development (QED.L: Quote, Profile, Research, Stock Buzz) for 700 million pounds ($1.1 billion) to gain one of London’s few remaining large-scale development opportunities.

The cash bid of 131 pence a share is about 22 percent above Quintain’s closing price on Tuesday and gives Lone Star access to a large area of undeveloped land around London’s Wembley Stadium.

Jul 28, 2015

Honeywell to buy Melrose’s Elster business for $5.1 billion

By Esha Vaish and Freya Berry

(Reuters) – Honeywell International Inc (HON.N: Quote, Profile, Research, Stock Buzz), a maker of aircraft parts and climate control systems, has agreed to buy the utility consumption meter business of Britain’s Melrose Industries Plc (MRON.L: Quote, Profile, Research, Stock Buzz) for 3.3 billion pounds ($5.1 billion).

The acquisition, Honeywell’s largest in more than a decade, will give the company access to Elster Group’s niche technologies and customers in the highly regulated heating, controls and metering industries.