Quentin's Feed
Jan 26, 2011

M.Stanley picks new top resources bankers -sources

LONDON, Jan 26 (Reuters) – Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) has hired
an experienced oil banker from Lazard (LAZ.N: Quote, Profile, Research, Stock Buzz) in London and
transferred a senior mining banker from New York, as it moves to
rebuild its European presence in the lucrative natural resources
field.

People familiar with the matter said the bank hired David
Kotler, a managing director who had spent 21 years at Lazard.

Jan 20, 2011

Mobile marketer TIM w.e. eyes U.S. listing: sources

LONDON/NEW YORK (Reuters) – TIM w.e., a Portuguese mobile and digital marketing company, is planning to list on New York’s Nasdaq, three people familiar with the matter said on Thursday.

TIM w.e. has hired Credit Suisse as its lead adviser on the initial public offering, two of the people said, although it is likely to add other banks later.

Jan 18, 2011

Creeping takeovers stalk European M&A

LONDON (Reuters) – A string of stake buys and takeover bids has shown how merger rules in the euro zone’s two biggest economies can be used to gain control of a target quietly or on the cheap.

Tactics employed by buyers such as Deutsche Bank AG (DBKGn.DE: Quote, Profile, Research, Stock Buzz), Spanish builder ACS, and France’s richest man, Bernard Arnault, illustrate what critics say are shortcomings in German and French merger rules.

Jan 13, 2011

Oaktree selling vodka-maker Stock Spirits: sources

LONDON (Reuters) – Oaktree Capital Management will this month begin an auction of Stock Spirits, a $1 billion-plus central European drinks company, two people familiar with the matter said.

The sale of Stock Spirits, whose drinks range from high-end Polish vodka Czysta de Luxe to Czech plum brandy, could interest both private equity firms and rival drinks companies.

Jan 7, 2011

CVC to buy health firm Capio’s Spanish unit

LONDON (Reuters) – CVC has agreed to buy Spain’s biggest private healthcare firm from Capio, the European hospital group owned by rival buyout firms Apax and Nordic Capital, people familiar with the matter said on Thursday.

The sale of the Capio Sanidad unit is likely to close later this month, following regulatory approvals, and will give the unit an enterprise value of about 900 million euros (756 million pounds), one of the people said.

Jan 6, 2011

CVC to buy health firm Capio’s Spanish unit -sources

LONDON, Jan 6 (Reuters) – CVC has agreed to buy Spain’s
biggest private healthcare firm from Capio, the European
hospital group owned by rival buyout firms Apax and Nordic
Capital, people familiar with the matter said on Thursday.

The sale of the Capio Sanidad unit is likely to close later
this month, following regulatory approvals, and will give the
unit an enterprise value of about 900 million euros ($1.2
billion), one of the people said.

Dec 17, 2010

M&A tops $2.2 trillion in first yearly rise since 2007

LONDON/HONG KONG (Reuters) – Mergers and acquisitions rose for the first year since 2007, potentially marking the start of a new, multiyear M&A cycle in which emerging economies account for a bigger share of global dealmaking.

Thomson Reuters data showed announced M&A grew nearly a fifth this year, to $2.25 trillion globally. The preliminary figures show emerging markets made up a record 17 percent of transactions, and energy was the busiest sector.

Dec 17, 2010

M&A tops $2.2 trln in first yearly rise since 2007

LONDON/HONG KONG, Dec 16 (Reuters) – Mergers and
acquisitions rose for the first year since 2007, potentially
marking the start of a new, multiyear M&A cycle in which
emerging economies account for a bigger share of global
dealmaking.

Thomson Reuters data showed announced M&A grew nearly a
fifth this year, to $2.25 trillion globally. The preliminary
figures show emerging markets made up a record 17 percent of
transactions, and energy was the busiest sector.

Dec 14, 2010

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.

Dec 10, 2010

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.

    • About Quentin

      "Quentin Webb is a Reuters Breakingviews columnist, covering mergers and acquisitions, corporate finance and private equity. He is based in London. Before becoming a columnist, he was a news reporter for Reuters, where he was most recently European M&A correspondent. He has also worked as a correspondent in Brussels and as a credit-markets reporter. He joined Reuters in 2003 from Legalease, a legal publisher. He has a first-class degree in psychology from University College London."
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