Deals du jour
Top deals news today includes LSE boss mulling new acquisitions, BC Partners downing tools on a BGI bid and Fiat signing a big Chinese joint venture. All the latest deals news here.
In the morning papers:
The new chief executive of London Stock Exchange Xavier Rolet has told La Tribune newspaper that he is ready to look at acquisitions and alliances but is not treating them as a priority. Reuters story here.
Borders UK, the bookshop chain owned by private equity firm Risk Capital Partners, has appointed restructuring experts RSM Bentley Jennison to advise on closing underperforming stores, The Independent reported.
Billionaire investors the Reuben Brothers have put in a 40 million pound ($63 million) bid to acquire Premium Bars & Restaurants (PBR), The Times said.
The Obama administration is preparing to steer General Motors into bankruptcy next week, The Washington Post reported. Reuters story here.
Private equity firm BC Partners has stopped working on bidding for Barclays exchange-traded funds arm BGI, the Financial Times reported.
British investment group Mountgrange has raised more than 300 million pounds to invest in real estate, the Financial Times said.
Hainan Airlines Co, China’s fourth-largest carrier, will receive a cash injection of 3 billion yuan ($440 million) from local government and its parent group, the official China Securities Journal said. Reuters story here.
Fiat has signed an agreement to set up a car manufacturing venture with China’s Guangzhou Automobile Industry Group, Shanghai Securities News reported. Reuters story here.