Private equity correspondent
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Oct 26, 2012

Firms circle United Biscuits break-up deal -sources

LONDON, Oct 26 (Reuters) – Three private equity houses and
Germany’s Intersnack are hoping to feast on the savoury snacks
arm of Britain’s United Biscuits, three people familiar with the
situation said.

Lion Capital, CapVest and Pamplona Capital — backed by
Russian billionaire Mikhail Fridman — are all in the running to
buy the maker of Hula Hoops and KP Nuts, as is the German maker
of Vico chips and Penn State pretzels, the people said.

Oct 19, 2012

Texas Teachers to buy F1 stake from Lehman estate -source

LONDON (Reuters) – The $100 billion Texas Teachers’ pension fund is to buy a stake in Formula One racing from the estate of collapsed investment bank Lehman Brothers, a person familiar with the matter said.

The Teacher Retirement System of Texas will buy a 3 percent stake in the motor racing business from the Lehman Brothers’ estate in a deal worth about $200 million, the person said.

Oct 17, 2012

Private equity firms trawl European markets for fresh deals

LONDON (Reuters) – Buyout firms are scouring Europe for under-performing companies they previously shunned in search of profits that could help improve returns for their investors.

Pressure to boost returns means these private equity groups are prepared to look at potential buyouts that require more homework and are higher risk and more complex.

Oct 16, 2012

Orix, Macquarie lead bidders for Robeco

NEW YORK/LONDON (Reuters) – Japanese financial services firm Orix Corp and Australian bank Macquarie Group have emerged as leading candidates to buy the asset management arm of Dutch bank Rabobank , Robeco, two people familiar with the matter said on Monday.

The Netherlands’ largest retail bank also received bids from a private equity consortium of Advent International and CVC Capital Partners , as well as Boston-based asset manager AMG Inc (AMG.N: Quote, Profile, Research) partnered with buyout firm Permira , Reuters previously reported. .

Oct 15, 2012

Exclusive: Orix, Macquarie lead bidders for Robeco: sources

NEW YORK/LONDON (Reuters) – Japanese financial services firm Orix Corp (8591.T: Quote, Profile, Research, Stock Buzz) and Australian bank Macquarie Group Ltd (MQG.AX: Quote, Profile, Research, Stock Buzz) have emerged as leading candidates to buy the asset management arm of Dutch bank Rabobank RABN.UL, Robeco, two people familiar with the matter said on Monday.

The Netherlands’ largest retail bank also received bids from a private equity consortium of Advent International and CVC Capital Partners CVC.UL, as well as Boston-based asset manager AMG Inc (AMG.N: Quote, Profile, Research, Stock Buzz) partnered with buyout firm Permira PERM.UL, Reuters previously reported.

Oct 15, 2012

Orix, Macquarie lead bidders for Robeco -sources

NEW YORK/LONDON, Oct 15 (Reuters) – Japanese financial
services firm Orix Corp (8591.T: Quote, Profile, Research) and Australian bank Macquarie
Group Ltd (MQG.AX: Quote, Profile, Research) have emerged as leading candidates to buy the
asset management arm of Dutch bank Rabobank [RABN.UL], Robeco,
two people familiar with the matter said on Monday.

The Netherlands’ largest retail bank also received bids from
a private equity consortium of Advent International and CVC
Capital Partners [CVC.UL], as well as Boston-based asset manager
AMG Inc (AMG.N: Quote, Profile, Research) partnered with buyout firm Permira [PERM.UL],
Reuters previously reported. [ID:nL6E8LAHC7].

Oct 15, 2012

Cinven buys second drug business Amdipharm

LONDON, Oct 15 (Reuters) – Private equity group Cinven
is buying family-owned niche pharmaceuticals business
Amdipharm for 367 million pounds ($590 million), it said on
Monday, as part of a plan to create a much larger producer of
generic drugs.

The company will initially operate as a stand-alone business
but eventually will be merged with Mercury Pharma, which Cinven
acquired from rival private equity house HgCapital in August, to
create a business worth at least 830 million
pounds.

Oct 10, 2012

Rabobank weighs bids for asset manager Robeco

LONDON/NEW YORK (Reuters) – Dutch bank Rabobank RABN.UL is weighing three offers for its asset management arm Robeco, facing a choice between bids to split the 2 billion euro-plus (1.6 billion pounds) business or sell it in one piece, people familiar with the situation said.

The Netherlands’ largest retail bank received bids from a private equity consortium of Advent International and CVC CVC.UL, and from Japanese financial services group Orix (8591.T: Quote, Profile, Research) for the asset management unit.

Oct 10, 2012

Rabobank weighs bids for asset manager Robeco -sources

LONDON/NEW YORK, Oct 10 (Reuters) – Dutch bank Rabobank
is weighing three offers for its asset management arm
Robeco, facing a choice between bids to split the 2 billion
euro-plus ($2.6 billion) business or sell it in one piece,
people familiar with the situation said.

The Netherlands’ largest retail bank received bids from a
private equity consortium of Advent International and CVC
, and a second from Japanese financial services group
Orix for the asset management unit.

Oct 10, 2012

Private equity steps into European bank lending gap

LONDON (Reuters) – How do private equity firms deal with banks’ reluctance to stump up the money to back buyouts? They become lenders themselves.

When Swedish buyout firm EQT bought BSN Medical earlier this year, another private equity house, Switzerland’s Partners Group (PGHN.S: Quote, Profile, Research, Stock Buzz), lent the bandage-making business it had previously co-owned a chunk of the 1.8 billion euros ($2.35 billion) needed to finance the deal.