LONDON (Reuters) – The board of British fashion retailer New Look will meet on Friday to decide whether to proceed with its planned initial public offering (IPO), a person familiar with the matter said on Thursday. The meeting comes after a series of IPOs have been cancelled due to unfavourable market conditions. New Look declined […]
(Reuters) – U.S. merger advisory boutique Evercore Partners Inc (EVR.N) has agreed to take a stake in Trilantic Capital Partners in an effort to support the private equity firm’s investments. As part of the deal, Evercore will issue 500,000 restricted shares, with a minimum redemption value of $16.5 million on Dec. 31, 2014, for a […]
LONDON (Reuters) – Merlin Entertainments, the Blackstone-owned theme-park operator, said it had no near-term plans to go public, a day after Blackstone-backed Travelport scrapped its London listing, blaming market instability. In October, a source familiar with the matter said Blackstone (BX.N) had called in Citigroup, Goldman Sachs, Deutsche Bank, UBS and Nomura to advise on […]
NEW YORK (Reuters) – Private equity-backed generator company Generac Holdings Inc (GNRC.N) priced shares in its initial public offering below the expected range and sold fewer shares than anticipated on Wednesday, according to an underwriter. The Wisconsin-based company sold 18.75 million shares for $13 each, raising about $243.8 million. It had planned to sell 20.3 […]
NEW YORK (Reuters) – Blackstone-controlled plastic container maker Graham Packaging Co Inc (GRM.N) priced shares in its initial public offering at the low end of the expected range on Wednesday, according to an underwriter. York, Pennsylvania-based Graham Packaging sold 16.7 million shares for $10 each, raising about $167 million after reworking the deal to be […]
FRANKFURT (Reuters) – German conglomerate Evonik is amenable to financial investors as it looks to sell a minority stake in its energy division, chief executive Klaus Engel said in a newspaper interview on Thursday. “We are open to any attractive partner. Anyone with a good business concept and and sound finances is attractive,” the CEO […]
PARIS/AMSTERDAM (Reuters) – French power company EDF (EDF.PA) said it was pressing on with the next stage of a potential sale of its British distribution arm, ending speculation that management changes had blocked the process. An EDF spokeswoman said on Wednesday details had been sent to potential buyers, confirming what two sources familiar with the […]
LONDON/FRANKFURT (Reuters) - British mobile phone giant Vodafone (VOD.L) has decided against bidding for Germany's largest cable televison operator Kabel Deutschland, leaving a cluster of private equity firms in the driving seat. "We reject media reports along these lines," a spokesman for Vodafone Germany said when asked if Vodafone was bidding. Reuters reported this week that private equity firms including Advent, BC Partners and Carlyle were set to submit offers and could team up because of the amount of equity that would be needed to launch a credible bid.
NEW YORK (Reuters) – Penton Business Media Holdings Inc, a publisher of 113 trade magazines such as Ward’s AutoWorld, Restaurant Hospitality and National Hog Farmer, has filed for bankruptcy protection as part of a restructuring intended to eliminate $270 million of debt. Wednesday’s filing came after Penton, like many other publishers, struggled with a decline […]
LONDON (Reuters) – British budget fashion retailer Matalan has abandoned a process that could have seen founder and owner John Hargreaves sell the business. Matalan said in a statement it had closed down the potential sale process for the business, without giving a reason. However, a source close to the sale discussions said offers that […]