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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.

Jul 16, 2015

HNA Group looking to buy Swissport International – source

July 16 (Reuters) – HNA Group Co Ltd, the owner
of China’s Hainan Airlines, is interested in buying
air cargo handler Swissport International Ltd, a source familiar
with the matter told Reuters.

European private equity firm PAI Partners, which owns
Swissport, is looking to launch a sale or initial public
offering of the company as soon as this year with a valuation of
about 3.5 billion euros ($3.8 billion), Reuters reported in
May.

Jul 14, 2015

Exclusive: EQT eyes $2 billion listing of Sweden’s Dometic – sources

LONDON/STOCKHOLM (Reuters) – Swedish investor EQT is looking to list Dometic in a deal that could value the company, which makes fridges and cookers for caravans and boats, at about $2 billion including debt, three sources said on Tuesday.

EQT is working with Lazard (LAZ.N: Quote, Profile, Research, Stock Buzz) to prepare the market listing for Dometic, which had earnings before interest, taxes, depreciation and amortization (EBITDA) of 1.36 billion crowns ($156 million) in the year to March 31, 2015, the sources said.

Jul 14, 2015

EQT eyes $2 bln listing of Sweden’s Dometic – sources

LONDON/STOCKHOLM, July 14 (Reuters) – Swedish investor EQT
is looking to list Dometic in a deal that could value the
company, which makes fridges and cookers for caravans and boats,
at about $2 billion including debt, three sources said on
Tuesday.

EQT is working with Lazard to prepare the market
listing for Dometic, which had earnings before interest, taxes,
depreciation and amortisation (EBITDA) of 1.36 billion crowns
($156 million) in the year to March 31, 2015, the sources said.

Jul 10, 2015

Private equity, property investors put Greek investment sprees on ice

LONDON (Reuters) – Global buyout houses and property speculators are stalling investment raids on Greece, spooked by the possibility that bargains could be snared for fractions of today’s prices if the country quits the euro.

    Two years ago, private equity firms like Blackstone and KKR were beating a path to Greece, seduced by depressed stock and property values and a European Central Bank promise to do whatever necessary to shore up the euro zone.

Jun 30, 2015

Outbid in copper, Mick Davis turns to coal to try for X2′s first deal

LONDON, June 30 (Reuters) – X2 Resources, the private equity
fund set up by former Xstrata boss Mick Davis, is now in initial
bi-lateral talks to buy some of Rio Tinto’s Australian
coal assets, two sources with knowledge of the situation said on
Tuesday.

Davis, whose X2 fund has yet to clinch its first deal, is
turning his attention to Australian coal after being outbid in a
race to buy a copper mine in Chile.