France’s L’Oreal is interested in buying soap and baby products company Cadum in a deal that could be worth 200 million euros ($264.16 million), Reuters reported Monday, citing a report in Les Echos. L’Oreal’s Chief executive Jean-Paul Agon is looking to open exclusive negotiations with Milestone Capital, a Franco-British investment fund that owns Cadum, the […]
Toymaker Jakks Pacific Inc. said it will talk to suitor Oaktree Capital Management to pacify shareholders after rejecting a $20 per share offer last year, Reuters wrote. Jakks also said it will buy back $80 million of its shares for at least $20 each by May 25. Earlier this month, Oaktree said it will make […]
Japanese coffee company UCC Holdings said on Monday it had agreed to buy Geneva-based United Coffee for about 50 billion yen ($613 million), Reuters reported. Privately-held UCC, which makes canned coffee and runs cafes, is buying all shares in United Coffee from British private equity fund Capvest and United Coffee’s management. (Reuters) – Japanese coffee […]
Answers is expected to announce Monday that Summit Partners has reduced its stake in the company.
Today's First Read comes with angels on the go, Walmart's troubles and North Korea's leader and his time abroad.
Haitong Securities $1.7 billion Hong Kong share offering has highlighted the risks from deals partly financed by underwriters as competition among banks grows for new listings, Thomson Reuters publication IFR reported. Haitong received pledges from 11 cornerstone investors for about one-third of the stock on offer. Banks financed a portion of cornerstone orders totaling $330 […]
Swiss lender Credit Suisse is advising private equity firm Qatar First Investment Bank on a listing of all of its shares on the Doha bourse, two bankers with knowledge of the deal told Reuters. QFIB, which sold its 41 percent stake in Qatar Engineering and Construction Company for $77 million last week is expecting to […]
For PE investors, Africa may be the best-kept secret
SVG Capital says the tough economic climate means the timing of any future payouts to its investors will be hard predict
This week saw the fewest number of deals so far this year, according to data from Thomson Reuters.