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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.

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.