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Mar 26, 2015

Exclusive: Dutch lingerie firm Hunkemoller considers $500 million sale – sources

FRANKFURT/LONDON (Reuters) – Dutch lingerie firm Hunkemoller, owned by European private equity firm PAI, is eyeing a sale or stock market listing, several sources familiar with the matter said on Thursday.

Banks have been pitching to the retailer, which began as a corset shop in Amsterdam in 1886 and is now the largest high-street lingerie brand in the Benelux region.

Mar 26, 2015

Dutch lingerie firm Hunkemoller considers $500 mln sale – sources

FRANKFURT/LONDON, March 26 (Reuters) – Dutch lingerie firm
Hunkemoller, owned by European private equity firm PAI, is
eyeing a sale or stock market listing, several sources familiar
with the matter said on Thursday.

Banks have been pitching to the retailer, which began as a
corset shop in Amsterdam in 1886 and is now the largest
high-street lingerie brand in the Benelux region.

Mar 25, 2015

Borse Dubai to sell $2.2 billion stake in London Stock Exchange: source

LONDON (Reuters) – Borse Dubai [BRSDB.UL], the biggest investor in the London Stock Exchange (LSE.L: Quote, Profile, Research, Stock Buzz) is selling its stake in the British exchange, which will raise around 1.5 billion pounds ($2.23 billion).

The sale of the 17.4 percent holding by the biggest single shareholder in the LSE will take place via a so-called accelerated book building process, a source familiar with the situation told Reuters on Wednesday.

Mar 24, 2015

Financial crime replaces house prices on UK regulator watch list

LONDON, March 24 (Reuters) – Financial crime has replaced
rapid house price growth on the watch list of Britain’s markets
regulator after a series of scandals that have shaken public
faith in the finance industry.

The Financial Conduct Authority (FCA) announced on Tuesday
seven key risk areas as part of its 2015-16 business plan, with
financial crime added to the list and house price growth –
which has cooled in recent months — dropped since last year.

Mar 23, 2015

SVG Capital returns rise 10 pct, hurt by foreign exchange

LONDON, March 23 (Reuters) – British private equity firm SVG
Capital saw half-year returns of 10 percent on its
investment portfolio, less than expected due to an adverse
foreign exchange environment.

Its portfolio made a total return of 17 percent in the 13
months to the end of January on a constant currency basis, the
firm said.

Mar 20, 2015

Greece’s NBG postpones Finansbank share offering on valuation worries

ATHENS/LONDON, March 20 (Reuters) – National Bank of Greece
(NBG) postponed a share offering for Turkish unit
Finansbank on Friday, as valuation concerns sidelined
a $275 million deal seen as critical for Greece’s top lender to
meet European regulations.

Under a restructuring plan approved by European regulators,
NBG needs to sell 40 percent of its stake in Finansbank, a rare
bright spot as NBG has been shredded by Greece’s debt crisis and
recession. In October NBG failed a stress test by the European
Central Bank.

Mar 19, 2015

Auto Trader shares leap in UK’s biggest private equity-backed listing

LONDON, March 19 (Reuters) – Shares in online car
marketplace Auto Trader Group rose more than 16
percent after their debut in London on Thursday in Britain’s
largest ever private equity-backed listing.

The flotation gave the company a market value of 2.35
billion pounds ($3.5 billion), making it also Britain’s biggest
listing of any kind since Royal Mail in late 2013.

Mar 12, 2015

Buyout firms in final act of Stage Entertainment bid battle: sources

LONDON (Reuters) – Dutch theatre group Stage Entertainment expects final bids for the majority of its theatre business at the end of March, with buyout funds CVC Capital Partners [CVC.UL] and Providence Equity Partners seen as the only remaining contenders, three sources familiar with the matter said.

The Amsterdam-based company, which is controlled by Dutch media tycoon Joop van den Ende, could be valued at about 400 million euros ($425 million), the sources said.

Mar 10, 2015

Shares in challenger bank Aldermore surge on London debut

LONDON, March 10 (Reuters) – British banking newcomer
Aldermore made a rousing stock market debut on Tuesday,
rising by 12 percent following a sale that netted 150 million
pounds ($226 million) for its private equity backers AnaCap.

Aldermore, founded by former Barclays executive Phillip
Monks in 2009 with backing from AnaCap, raised 75 million pounds
from the sale of new shares. It said it would use the proceeds
to fund growth.

Mar 6, 2015

Deutsche Bank left with 7pct of Merlin as secondary sales struggle

LONDON, March 6 (Reuters) – Deutsche Bank has
been left holding a near 300 million-pound ($452 million) stake
in a British theme park operator after failing to unload shares
acquired for a placement, the latest example of a bank retaining
a block of stock it had been hired to sell.

The bank had been brought in this week by private equity
funds CVC and Blackstone to sell 15.44 percent
of shares in Merlin, operator of attractions such as
Legoland, but a regulatory statement on Friday showed it still
had at least 7 percent of the company.