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Nov 6, 2015

Cupric Canyon seeks $350 million to develop Botswana mine

Nov 6 (Reuters) – Cupric Canyon Capital, a private equity
firm backed by the former Natural Resource Investments unit of
Barclays, said it would approach the market to raise up
to $350 million, in order to bring its Khoemacau copper and
silver mine in northwest Botswana into production.

The construction of the mine in the Kalahari Copper Belt is
set to start in late 2016 with the first copper shipment to
markets expected in 2018.

Nov 6, 2015

Exclusive: First Quantum hires Jefferies to sell nickel assets – sources

TORONTO/LONDON (Reuters) – First Quantum Minerals has retained Jefferies to explore a sale of its two nickel mines as the Canadian base metal miner looks to trim debt levels and double down on its bets in copper, three sources familiar with the matter said

The sources, who declined to be named as details of the plan are not public, said the move to sell the assets would help the company achieve its goal of reducing its debt levels by over $1 billion.

Nov 5, 2015

Activist investor Bramson wins battle for UK’s Electra

LONDON, Nov 5 (Reuters) – Activist investor Edward Bramson
staged a dramatic coup at British private equity firm Electra
, narrowly winning a seat on the board and prompting the
resignation of its chairman after almost two years of battling
management and its strategy.

In a tense shareholder meeting on Thursday, investors in
Electra, whose holdings include the restaurant chain TGI Fridays
in Britain, voted 53.5 percent in favour of the resolution by
Bramson’s investment vehicle Sherborne to appoint
Bramson to the board.

Oct 28, 2015

PAI uncorks sale of French bottle-top maker Global Closure Systems – sources

LONDON, Oct 28 (Reuters) – European private equity house PAI
Partners is working with Credit Suisse to sell French
bottle-top maker Global Closure Systems, a business it has held
for a decade, three sources said on Wednesday.

A combination of trade buyers and private equity funds have
recently submitted indicative bids for the asset, the sources

Oct 26, 2015

Electra’s returns reach 25 pct, prepares for general meeting fireworks

LONDON, Oct 26 (Reuters) – British private equity firm
Electra announced a hefty 25 percent return in its
diluted net asset value (NAV) per share in its full-year results
on Monday, as it prepared to go head-to-head for a second time
with activist shareholder Edward Bramson.

The general meeting next month comes just over a year after
the last public showdown between the New York-based investor and
one of London’s oldest private equity funds.

Oct 14, 2015

MegaKega? Megabrew? Beer merger plans launch corporate name game

LONDON, Oct 14 (Reuters) – Will a beer colossus by any other
name taste as sweet?

For the executives preparing a merger worth over $100
billion, a not inconsiderable question is what to call a company
that will brew almost one in three of the world’s pints.

Oct 13, 2015

Beer merger advisers land mega-deal by telling clients when to say no

LONDON, Oct 13 (Reuters) – The tiny boutique firm that
landed the two biggest merger deals of the year may well have
won them because of the deals it advised clients not to make.

With just nine employees, boutique advisory firm Robey
Warshaw became the talk of global finance this year by landing
the advisory role for oil and gas firm BG, bought for $70
billion by Shell.

Oct 9, 2015

UK takeover rules frustrate Bud’s pursuit of SABMiller

LONDON, Oct 9 (Reuters) – When it comes to navigating
Britain’s strict new takeover rules, even a deal-making machine
like Budweiser brewer Anheuser-Busch InBev can take a
wrong turn.

Just hours after making public its $100 billion proposal for
SABMiller in what would be the biggest-ever UK company
takeover, the Belgian firm was forced to issue an embarrassing
clarification. It had signalled greater shareholder support for
its proposal than it really had, thus running afoul of UK
regulators that tightly monitor such exchanges to help shield
targets from drawn-out and distracting dramas.

Oct 9, 2015

Owners of payments firm Worldpay narrow IPO price range-sources

Oct 9 (Reuters) – The private-equity owners of British
payments processor Worldpay Group Ltd, Advent
International and Bain Capital, have cut the top end of the
price range set for the company’s London listing, two sources
familiar with the matter said.

The top end of the range was cut to 250 pence per share from
260, while the bottom was raised to 235 from 225.

Oct 5, 2015

Nestle confirms in talks to merge international ice cream ops with R&R

LONDON, Oct 5 (Reuters) – Nestle is in “advanced
discussions” to merge its international ice cream business with
R&R Ice Cream, the world’s biggest packaged food firm said on
Monday, as it focuses more closely on its higher-performing

Earlier, Reuters reported that R&R, maker of Cadbury Flake
Cones, Rowntree’s Fruit Pastille lollies and Kelly’s Cornish ice
cream, was in talks with Nestle to form a 50/50 joint venture in
a 3 billion euro ($3.4 billion) deal.