Catherine Badour
Specialist European financial services private equity firm AnaCap Financial Partners on Monday acquired the first lien corporate debt and loan portfolio from Slovenia’s second biggest bank Nova KBM (NKBM). Reuters reported.
strong>IWG (IWG.L) has abandoned takeover talks with its three remaining suitors in a move that ends months of uncertainty about the future of the London-listed provider of serviced offices but sent its shares tumbling, Reuters reported.
Investment fund Ardian has agreed to pay 850 million euros ($985 million) to create a strategic partnership with Italy’s Gavio group to support the growth of motorway infrastructure companies ASTM-SIAS, Reuters reported.
Sonos Inc (SONO.O), the U.S. company that popularized wireless speakers, priced its initial public offering below its targeted range on Wednesday, signaling investors are selective about backing stock market hopefuls in the technology sector, Reuters reported.
Buyout firms TPG (TPG.L) and KKR & Co (KKR.N) have emerged as leading contenders to run Dubai-based private equity firm Abraaj’s troubled $1 billion healthcare fund, sources told Reuters.
Private equity group CVC [CVC.UL] has abandoned talks with Ingenico (INGC.PA) over a potential buyout of the French payments group, amid a frenzy of deals in the sector, sources told Reuters.
Canadian investment group Fairfax (FFH.TO) could become Irish insurer FBD’s (FBD.I) second largest shareholder by September by converting a bond into equity, FBD Chief Executive Fiona Muldoon said on Wednesday.
French insurer Axa (AXAF.PA) said on Wednesday it had entered exclusive talks over the potential sale of its variable annuity products platform to private equity firm Cinven, adding it would raise 1.2 billion euros ($1.40 billion) in total from the deal.
Buyout firm Vista Equity Partners Management LLC won a court battle this week against investors seeking a higher price on its $6.5 billion leveraged buyout of U.S. software company Solera Holdings, in a blow to hedge funds that deploy this strategy, Reuters reported.
Spanish travel technology company Amadeus IT Group said on Wednesday it was in talks with U.S.-based TravelClick with a view to buying the provider of online reservation systems to hotels, Reuters reported.