Freya's Feed
Nov 20, 2014

Cinven, ABRY ready final bids for KKR’s Northgate unit – sources

LONDON, Nov 20 (Reuters) – U.S. and European buyout funds
are preparing final bids to acquire a division of KKR’s
software firm Northgate Information Solutions in a
deal that could value the asset at up to 470 million pounds
($738 million), sources familiar with the process said.

London-based private equity firm Cinven is working on
submitting a binding offer ahead of a Nov. 27 deadline, the
sources said.

Nov 13, 2014

Exclusive: Apollo to bid for GlaxoSmithKline’s mature drugs – sources

LONDON (Reuters) – Apollo Global Management (APO.N: Quote, Profile, Research, Stock Buzz) is planning to bid for all GlaxoSmithKline’s (GSK.L: Quote, Profile, Research, Stock Buzz) mature drugs, joining an auction expected to value the business at more than $3 billion, according to four people familiar with the process.

The private equity firm, run by Leon Black, could change the dynamic of the auction because it is ready to buy all the products on offer, while other potential buyers are looking to acquire only certain regional businesses.

Nov 13, 2014

Apollo to bid for GlaxoSmithKline’s mature drugs -sources

LONDON, Nov 13 (Reuters) – Apollo Global Management
is planning to bid for all GlaxoSmithKline’s mature
drugs, joining an auction expected to value the business at more
than $3 billion, according to four people familiar with the
process.

The private equity firm, run by Leon Black, could change the
dynamic of the auction because it is ready to buy all the
products on offer, while other potential buyers are looking to
acquire only certain regional businesses.

Nov 13, 2014

Lukewarm Virgin Money debut nets $220 million for Branson, Ross

LONDON (Reuters) – British bank Virgin Money made a lukewarm stock market debut on Thursday with a sale that netted 140 million pounds ($221 million) for its billionaire backers, marking a muted end to a rollercoaster year for European listings.

European initial public offerings have raised $60.1 billion so far this year, more than double the amount notched up in the same period in 2013, as firms seized on investor optimism in the early months of 2014 after several years of drought.

Nov 13, 2014

Britain’s 3i sees returns rise, says no need for fresh funds

LONDON, Nov 13 (Reuters) – British private equity company 3i
Group said a strong performance from its larger
investments helped to boost total returns, which rose by a third
in the first half of the year despite Europe’s economic
stagnation.

The owner of women’s fashion chain Hobbs and lingerie firm
Agent Provocateur made a return of 234 million pounds ($369
million) in the six months to the end of September, up from 175
million pounds last year. That was despite market volatility and
a foreign exchange loss of 73 million pounds in the period.

Nov 12, 2014

Philips attracts private equity bids for lighting unit – sources

FRANKFURT/LONDON, Nov 12 (Reuters) – Dutch electronics group
Philips has attracted bids from several private equity
groups for the majority of its lighting components business, up
for sale as it focuses on higher-margin activities, several
sources said on Wednesday.

Buyout groups including Bain, CVC, CD&R, KKR
and Onex handed in indicative offers earlier this week
valuing the business at between 2.5 billion euros ($3.1 billion)
and 3 billion, the sources said.

Oct 30, 2014

Exclusive: Owners of Spain’s Parques Reunidos ponder $2.6 billion sale -sources

LONDON (Reuters) – The private equity owners of Parques Reunidos are sounding out interest for a sale that could value the Spanish zoo, marine and water park operator at about 2 billion euros ($2.6 billion), four sources familiar with the matter said on Thursday.

The company, which is owned by UK-based private equity fund Arle Capital, could come up for sale as soon as the first half of 2015, the sources said.

Oct 30, 2014

Owners of Spain’s Parques Reunidos ponder $2.6 bln sale -sources

LONDON, Oct 30 (Reuters) – The private equity owners of
Parques Reunidos are sounding out interest for a sale that could
value the Spanish zoo, marine and water park operator at about 2
billion euros ($2.6 billion), four sources familiar with the
matter said on Thursday.

The company, which is owned by UK-based private equity fund
Arle Capital, could come up for sale as soon as the first half
of 2015, the sources said.

Oct 24, 2014

Four funds vie for luxury paintmaker Farrow & Ball – sources

LONDON (Reuters) – American buyout firms Carlyle and Bain Capital are among a group of four private equity funds preparing second-round bids for British luxury paintmaker Farrow & Ball, several sources familiar with the situation said.

The others bidders are Gulf Investment firm Investcorp and Ares Private Equity, part of U.S-based Ares Management, the sources said on condition of anonymity because the process is confidential.

Oct 23, 2014

Four funds vie for $400 mln luxury paintmaker Farrow & Ball -sources

LONDON, Oct 23 (Reuters) – American buyout firms Carlyle
and Bain Capital are among a group of four private equity
funds preparing second-round bids for British luxury paintmaker
Farrow & Ball, several sources familiar with the situation said.

The others bidders are Gulf Investment firm Investcorp and
Ares Private Equity, part of U.S-based Ares Management,
the sources said on condition of anonymity because the process
is confidential.