Private equity correspondent
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Nov 2, 2011

Buyout firms fight Dutch retailers for C1000 -sources

LONDON, Nov 2 (Reuters) – Two private equity firms are
squaring up against domestic retailers in the 1 billion euro
($1.4 billion) race to buy the Netherlands’ number two
supermarket chain C1000, people familiar with the situation
said.

Bain and BC Partners have been taken into the
second round of the sale process, where they face Dutch groups
including Jumbo and Sperwer Holding, owner of the Plus
supermarket brand, two of the people said.

Nov 1, 2011

Dealtalk: Big buyout firms bide time with small deals

LONDON (Reuters) – Big private equity firms are scrapping over bite-sized deals as they wait for financing markets that seized up over the summer to reopen for billion-euro-plus prospects across Europe.

After a strong first half in which large buyouts returned at companies such as Swedish cable group Com Hem and French engineering firm Spie, turbulence in debt markets, brought on by a crisis of confidence in the euro zone, led to a dramatic drop in new deals in the third quarter.

Oct 19, 2011

Five buy-out firms to bid for Iceland Foods: sources

LONDON (Reuters) – At least five private equity firms are set to submit first-round non-binding offers for a 77 percent stake in British frozen food retailer Iceland Foods by Wednesday’s deadline, four people familiar with the matter said.

Iceland Foods’ CEO and key investor Malcolm Walker is thinking about bidding for the company later in the process, with backing from pensions funds and sovereign wealth, three of the people said.

Oct 19, 2011

Five buy-out firms to bid for Iceland-sources

LONDON, Oct 19 (Reuters) – At least five private equity
firms are set to submit first-round non-binding offers for a 77
percent stake in British frozen food retailer Iceland Foods by
Wednesday’s deadline, four people familiar with the matter said.

Iceland Foods’ CEO and key investor Malcolm Walker is
thinking about bidding for the company later in the process,
with backing from pensions funds and sovereign wealth, three of
the people said.

Oct 4, 2011

Dealtalk: Private equity deals for banks fraught with risks

LONDON (Reuters) – Private equity firms see only limited scope to invest in Europe’s under-capitalized banks, as they could run the risk of losing their shirts and face political resistance.

Since the start of the financial crisis, some buyout firms with a sharp focus on financial services have been eyeing deals in Europe’s bank sector. Spanish “cajas,” or savings banks, and Irish lenders have been among the institutions in their sights.

Oct 4, 2011

Private equity deals for banks fraught with risks

LONDON, Oct 4 (Reuters) – Private equity firms see only
limited scope to invest in Europe’s under-capitalised banks, as
they could run the risk of losing their shirts and face
political resistance.

Since the start of the financial crisis, some buyout firms
with a sharp focus on financial services have been eyeing deals
in Europe’s bank sector. Spanish “cajas”, or savings banks, and
Irish lenders have been among the institutions in their sights.

Sep 30, 2011

Avio sale stalls over price and politics – sources

Sept 30 (Reuters) – Talks between private equity firm Cinven
and potential buyers for Italian aerospace firm Avio
are at a standstill over price and rising political concerns
about an international buyer, people familiar with the situation
said.

Cinven hired banks earlier this year to investigate a
listing of a business that provides engine parts for the
Eurofighter Typhoon and supplies the likes of General Electric
and Rolls Royce .

Sep 29, 2011

Dealtalk: Tough debt markets weigh on GSK portfolio sale

LONDON (Reuters) – GlaxoSmithKline Plc’s (GSK) (GSK.L: Quote, Profile, Research, Stock Buzz) sale of a clutch of non-prescription drugs is set to be a protracted affair, as potential buyers contend with tough financing conditions and fret about prospects for some of the products in the portfolio.

The slow-running process serves as yet another example of how the crisis in the euro zone is freezing financing markets and hampering M&A across the region, with a handful of deals postponed or pulled in recent weeks.

Sep 28, 2011

Exclusive: Warburg Pincus considers Mach software sales: sources

LONDON (Reuters) – Warburg Pincus is considering the sale of Mach, its Luxembourg-based business that provides roaming and billing services to mobile phone companies, four people familiar with the matter said.

The buyout firm has hired Barclays Capital (BARC.L: Quote, Profile, Research, Stock Buzz) to review options for Mach, which could fetch around $750 million if sold and includes Telefonica (TEF.MC: Quote, Profile, Research, Stock Buzz), Microsoft (MSFT.O: Quote, Profile, Research, Stock Buzz) and Verizon (VZ.N: Quote, Profile, Research, Stock Buzz) among its customers, the people said.

Sep 28, 2011

Warburg Pincus considers Mach software sale-sources

LONDON, Sept 28 (Reuters) – Warburg Pincus is considering
the sale of Mach, its Luxembourg-based business that provides
roaming and billing services to mobile phone companies, four
people familiar with the matter said.

The buyout firm has hired Barclays Capital (BARC.L: Quote, Profile, Research, Stock Buzz) to
review options for Mach, which could fetch around $750 million
if sold and includes Telefonica (TEF.MC: Quote, Profile, Research, Stock Buzz), Microsoft (MSFT.O: Quote, Profile, Research, Stock Buzz) and
Verizon (VZ.N: Quote, Profile, Research, Stock Buzz) among its customers, the people said.