Billionaire Nicolas Berggruen's Justice Holdings may make a 1 billion pound ($1.65 billion) offer for breakfast cereal company Weetabix, Reuters reported, citing a story in the Sunday Times. UK-based Weetabix is owned by private equity firm Lion Capital, which bought it for 642 million pounds in 2003, Reuters wrote.
Upsizing: airbnb raising mega-round at $1B valuation Looking Overseas: Greylock Partners launches tech fund in Europe, Israel Ranking ‘Em: The states most, and least, likely to produce the next crop of geniuses in the U.S. Jerks! Steve Martin duped in German art forgery scandal
Buyout shop Permira and France's Axa have gotten the go-ahead from European regulators to buy travel website Opodo and merge it with other units to create one of Europe's largest online travel agencies, Reuters reported.
India’s National Collateral Management Services Ltd will raise 1.01 billion rupees ($22.4million) by selling shares to six private equity investors, including India Agri Businness Fund and International Finance Corp., Reuters reported. The money will be used to set up new warehouses and fund growth, the company said.
For LPs looking to invest in a fund, track record isn't as important as the people managing the pool, according to a survey from Green Peak Partners. More than two-thirds, or 68% of LPs, said that the most important criterion for evaluating whether to invest in a fund was the "perceived strength" of the team members. Only 40% said that "track record" was vitally important, the survey said.
NEW YORK, May 27 (Reuters) – Credit Suisse has hired Don Birchenough, the former head of telecom mergers and acquisitions at Deutsche Bank, two people familiar with the matter said. Birchenough will jointly head up the technology, media and telecom M&A group in the Americas with Steve Geller in New York. A Credit Suisse spokesman […]
Omninet Capital announced Friday that it has acquired the Sahara Rainbow Center, a retail center in Las Vegas. Terms of the deal were not released. Omninet is focused on investments in real estate, middle-market private equity and late stage venture capital.
Hana Financial Group is in talks with U.S. private equity firm Lone Star to buy a smaller, 10% stake in Korea Exchange Bank, Reuters reported Friday. Hana agreed to buy Lone Star's 51% stake in KEB late last year, but the deal has been beset by regulatory and legal hold-ups, and disagreements over pricing. Buying a 10% or smaller stake would showing Hana's commitment to the deal and keep the parties at the negotiation table to give them time to save the deal, Reuters wrote.
British foreign exchange company Travelex, which is owned by private equity firm Apax Partners, has acquired Brazilian peer Grupo Confidence, Reuters reported. The deal is part of Travelex’s strategy to expand into emerging markets. Terms of the deal were not released.
British specialist insurer Pension Corp. is close to sealing a 500 million pound ($820 million) infusion of capital, most coming from a fund spun off from Swiss luxury goods group Richemont, Reuters reported. The company said Friday it was in exclusive negotiations with Luxemburg-listed Reinet Fund for a 400 million pound investment, Reuters wrote, adding that the remaining100 million pounds would come from existing and new investors. Pension Corp. counts Swiss Re and private equity group JC Flowers among its backers.