UK vacuum firm Edwards to float, scraps sale plans
LONDON (Reuters) – British vacuum technology company Edwards said it plans to list next year, ending an auction in which it would have been sold to a new set of private equity backers or to a trade rival.
Edwards had hired banks to explore a sale or flotation in September. Its owners CCMP Capital and Unitas Capital, both former buyout arms of JP Morgan (JPM.N: Quote, Profile, Research, Stock Buzz), value the business at about 1.5 billion pounds ($2.4 billion), people familiar with the matter told Reuters at that time.
Blackstone nears deal for CVC’s Mivisa: sources
LONDON (Reuters) – Blackstone Group (BX.N: Quote, Profile, Research, Stock Buzz), the U.S. private equity firm, is nearing a deal to buy Mivisa MIVIS.UL after making the only binding offer for the Spanish maker of food cans, people familiar with the matter said on Friday.
But Mivisa’s current owner, Blackstone’s European rival CVC CVC.UL, could still reject the offer, which two people said was closer to 900 million euros ($1.2 billion) than the 1 to 1.2 billion that CVC originally sought.
Buyout trio chase Dutch chemical firm IMCD: sources
LONDON (Reuters) – New Mountain Capital is vying with larger private equity rivals Bain Capital and Cinven CINV.UL to buy Dutch chemicals distributor IMCD, which has nearly 1 billion euros ($1.3 billion) in sales, people familiar with the matter said.
The trio are in the second round of bidding for the Rotterdam-based chemical distributor, which has been owned by ABN Amro’s former private equity arm AAC Capital since 2005.
Crisis-hit Europe lags M&A rebound in Asia, U.S.
LONDON, Dec 1 (Reuters) – Hobbled by a rampant
sovereign-debt crisis, Europe is lagging a global rebound in
dealmaking that has pushed global mergers and acquisitions (M&A)
up nearly 40 percent this year.
Europe’s share of global M&A has fallen to 25 percent of
overall deals by dollar value this year, the lowest since 1998.
That compares to 30 percent last year and an average 38 percent
between 2002 and 2008.
European M&A to advance after “lost year”: UBS poll
LONDON (Reuters) – More than a quarter of bigger European companies aim to make a sizeable takeover next year, a survey showed, as a drive for growth spurs executives to put a “lost year” for mergers and acquisitions (M&A) behind them.
After plummeting to a six-year low last year, dealmaking in Europe has failed to match a rebound in company profits and financial strength, as a string of sovereign debt crises have made markets volatile and dented corporate confidence.
European M&A to advance after “lost year”-UBS poll
LONDON, Nov 30 (Reuters) – More than a quarter of bigger
European companies aim to make a sizeable takeover next year, a
survey showed, as a drive for growth spurs executives to put a
“lost year” for mergers and acquisitions (M&A) behind them.
After plummeting to a six-year low last year, dealmaking in
Europe has failed to match a rebound in company profits and
financial strength, as a string of sovereign debt crises have
made markets volatile and dented corporate confidence.
Banks prepare Ferrovial’s BAA stake sale-sources
AMSTERDAM/LONDON, Nov 26 (Reuters) – Spanish group Ferrovial
(FER.MC: Quote, Profile, Research, Stock Buzz) has hired Goldman Sachs and HSBC to sell a 10 percent
stake in BAA, Britain’s largest airport operator, and the sale
will begin next week, people familiar with the matter said.
The infrastructure group owns 55.9 percent of BAA
[FERBA.UL], the operator of airports including London’s Heathrow
and Stansted. It announced the stake sale in October.
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Banks set to start Ferrovial’s BAA sale: sources
AMSTERDAM/LONDON (Reuters) – Ferrovial SA has hired Goldman Sachs and HSBC to sell a 10 percent stake in BAA, Britain’s largest airport operator, and the sale will begin next week, people familiar with the matter said.
The Spanish infrastructure group owns 55.9 percent of BAA, the operator of airports including London’s Heathrow and Stansted. It announced the planned selldown in October.
HgCapital eyes German lighting firm sale -sources
LONDON, Nov 25 (Reuters) – Buyout firm HgCapital has
appointed Macquarie (MQG.AX: Quote, Profile, Research, Stock Buzz) to investigate a sale of SLV Group,
the German lighting firm it bought for 320 million euros ($426.1
million) in 2007, people familiar with the matter said.
SLV, which makes and supplies lights to the specialist
trade, could fetch more than 400 million euros ($532.6 million),
one of the people said.
Earnings before interest, tax, amortisation and depreciation
(EBITDA) are running at more than 40 million euros, the person
said. Ebitda was about 25 million in 2006.
HgCapital eyes German lighting firm sale -sources
LONDON, Nov 25 (Reuters) – Buyout firm HgCapital has
appointed Macquarie (MQG.AX: Quote, Profile, Research) to investigate a sale of SLV Group,
the German lighting firm it bought for 320 million euros ($426.1
million) in 2007, people familiar with the matter said.
SLV, which makes and supplies lights to the specialist
trade, could fetch more than 400 million euros ($532.6 million),
one of the people said.
Earnings before interest, tax, amortisation and depreciation
(EBITDA) are running at more than 40 million euros, the person
said. Ebitda was about 25 million in 2006.

