DealZone Daily

January 22, 2010

As banks reel from President Obama’s declaration of open war over risk taking,  private equity players are hopeful that plans to limit banks ability to own or invest in private equity funds will have limited impact on their ability to raise money.

World leading soft drink maker Coca-Cola is considering making a bid for a controlling stake in Russian juice maker Nidan Soki from private equity firm Lion Capital. A deal would allow Coca-Cola to leapfrog arch rival Pepsi to become market leader.

Blackstone’s GSO credit business is to set to buy nine leveraged loan and high yield bond funds, with $3.2 billion in assets from business development firm Allied Capital Corp.

And from other media:

U.S. chocolate maker Hershey has ruled out a counterbid for the British confectioner, the FT writes. Ferrero has already pulled out, effectively sealing U.S. food giant Kraft’s 11.5 billion pound deal, The Daily Telegraph adds.

Accountancy firm Deloitte is to snap up property surveyor Drivers Jonas, to create one of Britain’s largest property consultancies, the FT says.

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