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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.

Jul 21, 2014

BC Partners hires banks for $1.3 billion OVS listing: sources

LONDON (Reuters) – European private equity firm BC Partners [BCPRT.UL] has appointed Bank of America Merrill Lynch (BAC.N: Quote, Profile, Research, Stock Buzz) and Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) to run the listing of its OVS Industry fashion chain, several sources familiar with the matter said on Monday.

OVS, which sells affordable high-street clothes and accessories, will be carved out of Italian retailer Gruppo Coin and listed on the Milan’s Stock Exchange in autumn, one of the sources said.

Jul 7, 2014

U.S. agribusiness ADM gobbles up Wild Flavors for $3 billion

LONDON/FRANKFURT (Reuters) – U.S. agribusiness Archer Daniels Midland (ADM) (ADM.N: Quote, Profile, Research, Stock Buzz) has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros ($3 billion) to enter the flavouring and the health-conscious food sectors.

ADM, one of the world’s largest grain traders and a major food processor, said on Monday it would establish a new business unit called Wild Flavors and Specialty Ingredients and expected to complete the deal by the end of the year.

Jun 30, 2014

Private equity struggles to make Spanish bull case

LONDON, June 30 (Reuters) – In Spain, an uncertain economic
outlook and high levels of company debt mean a trickle of
private equity deals are unlikely to turn into a flood just yet.

Having emerged from a long and deep recession, Spain has
been hailed by some investors as a land of opportunity, with its
main stock index surging more than 30 percent in the
past year, in part in anticipation of deals.

Jun 30, 2014

Companies raise half a trillion dollars from share sales this year

LONDON, June 30 (Reuters) – Companies around the world have
raised almost half a trillion dollars by selling shares in 2014
so far – the highest total for the first half of a year since
2007, before the onset of the financial crisis, data showed on
Monday.

Firms have flocked to issue equity thanks to record highs in
stock markets and low volatility, while private equity firms
have seized the opportunity to sell out of investments made
before the crisis, capitalising on strong investor demand.

Jun 26, 2014

UK’s LSE shares surge on historic $2.7 bln U.S. index deal

LONDON, June 26 (Reuters) – The London Stock Exchange Group
unveiled the largest acquisition in its history,
snapping up U.S. group Frank Russell for $2.7 billion to boost
its position in the world’s largest financial services market
and sending its shares surging.

Europe’s oldest independent bourse said on Thursday it would
fund the long-awaited acquisition of the index provider and
asset manager, which analysts have described as strategically
sound, with a $1.6 billion rights issue and debt.

Jun 25, 2014

British hospital group Spire seeks 315 million pounds in flotation

LONDON (Reuters) – UK private hospital group Spire is to list its shares on the London Stock Exchange, seeking to raise 315 million pounds ($534.6 million) to cut debt and finance its expansion plans.

Spire is likely to be one of the last companies to seek a flotation before the traditionally quiet summer period. Proceeds from UK listings have more than tripled this year as companies rush to capitalize on firm stock markets and private equity funds seek to cash in on their investments.

Jun 23, 2014

UK motor firm AA Group makes weak stock market debut

LONDON, June 23 (Reuters) – Shares in AA Group fell
on Monday after the UK motoring organisation joined the London
stock market, just a month after its sister company Saga
failed to impress investors in its own debut.

The AA, best known for its roadside recovery services, said
it had priced its initial public offering (IPO) at 250 pence a
share to raise gross proceeds of 1.4 billion pounds ($2.4
billion). Most of the money will go to its private equity
owners.

Jun 10, 2014

U.S. billionaire Wilbur Ross cashes out Bank of Ireland stake

LONDON/DUBLIN (Reuters) – U.S. billionaire Wilbur Ross sold his entire shareholding in Bank of Ireland for almost half a billion euros on Tuesday, to almost triple the value of a shrewd investment made at the height of the euro zone crisis.

Ross has said he would sell his 5.5 percent stake three years after his pioneering investment kept the struggling bank out of state hands, and his holding was snapped up at 0.265 euros a share.

Jun 10, 2014

Wilbur Ross sells 477 mln euro Bank of Ireland stake

LONDON/DUBLIN, June 10 (Reuters) – The sale by billionaire
investor Wilbur Ross of his entire shareholding in Bank of
Ireland (BoI) was priced at 0.265 euros a share,
Deutsche Bank, the placing’s bookrunner, said in a statement.

Ross announced on Monday that he would sell his 5.5 percent
stake three years after his pioneering investment kept the
struggling bank out of state hands, but he added that he
remained confident about its prospects.