Freya's Feed
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.

Jun 29, 2015

Global equity market deals top $500 billion but banker fees fall

LONDON/HONG KONG (Reuters) – Money raised in global equity capital markets rose in the first half of the year to top $500 billion, but bankers’ fees fell as secondary share sales supplanted lucrative stock market listings as the dominant deals.

The rise in secondary sales was partly down to private equity funds taking the opportunity to sell down stakes in companies that floated last year, following the expiration of “lock-up” periods when shares cannot be sold, analysts said.

Jun 29, 2015

Europe’s bankers press pause not panic over Greece

BERN/LONDON, June 29 (Reuters) – Greece’s deepening debt
crisis prompted bankers to pause, not panic, on Monday, and
though markets dropped sharply they held above previous crisis
lows.

Euro zone stocks remained well ahead of where they were at
the start of the year before the European Central Bank (ECB)
started printing money, and while government borrowing costs
shot up in Europe’s indebted southern countries – Italy, Spain
and Portugal – they remained well below the heights scaled at
the peak of the crisis in 2011/2012.

Jun 24, 2015

Miami Dolphins owner and Qatar to bid for Formula One -source

LONDON, June 24 (Reuters) – The owner of the Miami Dolphins football team is joining forces with Qatar to buy a controlling stake in Formula One in a deal that could be worth up to $8 billion and inject new leadership into a sport facing falling TV audiences and ticket sales.

Dolphins owner Stephen Ross is looking to acquire a 35.5 percent stake from private equity fund CVC Capital Partners Ltd through his investment vehicle RSE, a source familiar with the matter told Reuters on Tuesday, adding that a deal could be done within six weeks.

Jun 23, 2015

RSE, Qatar teaming up to buy stake in Formula One

LONDON (Reuters) – RSE Ventures, which owns the Miami Dolphins NFL team, is joining forces with Qatar to buy a controlling stake in Formula One in a deal worth $7-8 billion, a source familiar with the matter told Reuters on Tuesday.

RSE is looking to acquire the 35.5 percent stake from private equity fund CVC Capital Partners Ltd [CVC.UL], who sold down its holding from 63 percent in 2012 in deals that at the time gave the business an enterprise value of $9.1 billion.

Jun 23, 2015

RSE, Qatar teaming up to buy stake in Formula One-source

LONDON, June 23 (Reuters) – RSE Ventures, which owns the Miami Dolphins NFL team, is joining forces with Qatar to buy a controlling stake in Formula One in a deal worth $7-8 billion, a source familiar with the matter told Reuters on Tuesday.

RSE is looking to acquire the 35.5 percent stake from private equity fund CVC Capital Partners Ltd, who sold down its holding from 63 percent in 2012 in deals that at the time gave the business an enterprise value of $9.1 billion.

Jun 23, 2015

Exclusive – Charterhouse eyes possible $1.1 billion sale of medical company Tunstall: source

LONDON/NEW YORK (Reuters) – British private equity firm Charterhouse [CHCAP.UL] is working with JP Morgan (JPM.N: Quote, Profile, Research) on options for healthcare company Tunstall, in a deal which could value the company at up to 700 million pounds ($1.1 billion), a source familiar with the matter said on Tuesday.

Tunstall provides care services and assisted living for elderly and disabled people at home, with devices like alerting systems and monitoring technology.

Jun 23, 2015

Exclusive: Charterhouse eyes possible $1.1 billion sale of UK medical company Tunstall

LONDON/NEW YORK (Reuters) – British private equity firm Charterhouse [CHCAP.UL] is working with JP Morgan (JPM.N: Quote, Profile, Research, Stock Buzz) on options for healthcare company Tunstall, in a deal which could value the company at up to 700 million pounds ($1.1 billion), a source familiar with the matter said on Tuesday.

Tunstall provides care services and assisted living for elderly and disabled people at home, with devices like alerting systems and monitoring technology.

Jun 23, 2015

Charterhouse eyes possible $1.1 bln sale of UK medical company Tunstall – source

LONDON/NEW YORK, June 23 (Reuters) – British private equity
firm Charterhouse is working with JP Morgan
on options for healthcare company Tunstall, in a deal which
could value the company at up to 700 million pounds ($1.1
billion), a source familiar with the matter said on Tuesday.

Tunstall provides care services and assisted living for
elderly and disabled people at home, with devices like alerting
systems and monitoring technology.

Jun 23, 2015

Germany’s E.ON puts North Sea, Algeria assets on the block

LONDON, June 23 (Reuters) – German utility E.ON
wants to sell its North Sea and Algerian oil and gas assets,
hoping to raise around $2 billion as it restructures, several
banking sources said.

The move adds to the rising number of North Sea assets on the
market as a result of lower oil prices, but with few deals being
concluded.