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May 28, 2015

Exclusive: Macquarie taps Citi for possible $1.7 billion Moto service station exit -sources

LONDON (Reuters) – Australian infrastructure investor Macquarie (MQG.AX: Quote, Profile, Research, Stock Buzz) has tapped Citi (C.N: Quote, Profile, Research, Stock Buzz) to work on a potential sale of service station provider Moto in a deal that could be worth more than 1.1 billion pounds ($1.68 billion), three sources familiar with the matter said on Thursday.

Moto, Britain’s largest motorway services company, had 2014 core earnings (EBITDA) of around 91 million pounds. The asset could appeal to both private equity groups and infrastructure funds.

May 28, 2015

“Blood in words”: London schools tackle gangs with verse

LONDON, May 28 (Reuters) – Students from gang-ridden areas
of the East London borough of Hackney have been learning how
performing poetry can help tackle life, one word at a time.

The Spoken Word Education Programme, founded by a former
Chicago social worker, aims to help pupils in some of London’s
most deprived districts to articulate their feelings and have
their voices heard despite an often difficult upbringing.

May 28, 2015

Buyout group Cinven to buy France’s Labco for $1.3 bln

May 28 (Reuters) – European private equity firm Cinven said
on Thursday it had agreed to buy French medical diagnostics
provider Labco SA for 1.2 billion euros ($1.31
billion), marking the latest in a long line of recent healthcare
deals.

The confirmation of the acquisition at an enterprise price
of 1.2 billion euros follows reports by Reuters and the
Financial Times on Wednesday that a deal was imminent.

May 20, 2015

BC Partners eyes U.S. cable market mergers with Suddenlink deal – co-chairman

LONDON, May 20 (Reuters) – BC Partners is hoping
to participate in the consolidation of the U.S. cable telecoms
market by maintaining a stake in Suddenlink after its sale to
Altice SA, the private equity fund’s co-chairman said.

BC said on Wednesday that it and the Canada Pension Plan
Investment Board (CPPIB) would sell a 70 percent stake in cable
operator Suddenlink to the European telecoms group, valuing
Suddenlink at around $9.1 billion.

May 14, 2015

UK fund 3i emerges from restructuring with strong earnings

LONDON, May 14 (Reuters) – Private equity firm 3i
reached the end of a three-year restructuring with strong
earnings growth at its portfolio companies, helping it post a
full-year return on investment of 719 million pounds ($1.1
billion).

The British owner of Agent Provocateur and Benelux retailer
Action said its net asset value (NAV) rose 14 percent to 396
pence a share, despite a negative hit from currency fluctuations
worth 114 million pounds, or 12 pence a share.

May 12, 2015

Exclusive: PAI eyes $3.9 billion disposal of cargo firm Swissport as soon as year end – sources

LONDON/FRANKFURT (Reuters) – European private equity firm PAI is looking to launch a sale or stock market listing of airplane cargo handler Swissport as soon as the end of this year, four sources familiar with the matter said on Tuesday.

     Zurich-based Swissport says it is the world’s largest aviation handling company. A deal could value the business at about 3.5 billion euros ($3.93 billion), one of the sources said.

May 12, 2015

Exclusive – PAI eyes 3.5 billion euro disposal of cargo firm Swissport as soon as year end: sources

LONDON/FRANKFURT (Reuters) – European private equity firm PAI is looking to launch a sale or stock market listing of aeroplane cargo handler Swissport as soon as the end of this year, four sources familiar with the matter said on Tuesday.

Zurich-based Swissport says it is the world’s largest aviation handling company. A deal could value the business at about 3.5 billion euros (£2.5 billion), one of the sources said.

May 12, 2015

PAI eyes $3.9 bln disposal of cargo firm Swissport as soon as year end – sources

LONDON/FRANKFURT, May 12 (Reuters) – European private equity
firm PAI is looking to launch a sale or stock market listing of
aeroplane cargo handler Swissport as soon as the end of this
year, four sources familiar with the matter said on Tuesday.

Zurich-based Swissport says it is the world’s largest
aviation handling company. A deal could value the business at
about 3.5 billion euros ($3.93 billion), one of the sources
said.

May 11, 2015

Raiffeisen Informatik taps Jefferies for sale of IT firm Comparex – sources

LONDON/FRANKFURT, May 11 (Reuters) – Investment bank
Jefferies has been hired to lead the search for a
buyer for German IT company Comparex, which could be worth about
350 million euros ($390 million), two sources familiar with the
matter said on Monday.

Comparex began as a joint venture between BASF SE
and Siemens AG to market computer hardware
and is now a subsidiary of Raiffeisen Informatik, Austria’s
largest IT provider.

Apr 20, 2015

Barrick taps Michael Klein as advisor on Zaldivar mine options: sources

LONDON/TORONTO (Reuters) – Barrick Gold Corp is being advised on options for its Zaldivar copper mine in Chile by the boutique firm of mining rainmaker Michael Klein, in a deal potentially worth around $2 billion, three sources familiar with the matter said on Monday.

Toronto-based Barrick has already contacted a limited group of buyers including some diversified Chinese miners and copper companies, the sources said, declining to be identified since the matter is private.