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’Matalan draws buy-out groups
Five private equity groups are among the first-round bidders for Matalan, the privately owned UK discount clothing retailer that is being auctioned with an estimated price tag of about £1.5bn. TPG, Blackstone,
Buy-out groups vie for BCA
British Car Auction has attracted bids from a clutch of private equity groups that are expected to submit final offers next month valuing Europe’s biggest vehicle reselling network at between £400m ($670m) and £500m.
BC Partners to buy ATI for $500m
BC Partners, the UK-based buy-out group, is set to announce its entry to the fast-expanding US education market through the acquisition of ATI Enterprises, a Dallas-based operator of 24 college campuses,
BC Partners in healthcare deal
BC Partners, the UK buyout group, has agreed a €500m ($712m) deal to acquire two European medical diagnostics companies, which it plans to merge into a vehicle to consolidate the laboratory services market.
Baxi set for De Dietrich merger
Baxi, the UK’s leading boilermaker, is close to agreeing a €1.7bn ($2.4bn) merger with De Dietrich Remeha Group, its smaller Dutch rival. BC Partners and Electra Partners, Baxi’s private equity owners,
Snowball poised for RBS Insurance bid
Patrick Snowball, the former head of Aviva’s UK operations, has teamed up with BC Partners and Apollo Management for a possible bid for Royal Bank of Scotland’s insurance assets, put up for sale last year in a multi-billion pound auction.
Turnround specialist in Kroll bid
Kroll’s former European chairman is leading a move to buy the world’s biggest corporate security group from Marsh & McLennan, its owners. David Buchler, the turnround specialist, has joined BC Partners,
Emerging markets banks pursue M&A
Local banks in emerging markets are offering aggressive financing packages to private equity firms in an effort to win business from international rivals which have curbed lending due to the credit crunch.
Buy-out groups line up for Turkish retailer
Migros Turk, Turkey’s biggest supermarket group, is this week set to receive takeover bids worth about $4bn from Carrefour of France, Agrokor of Croatia and four private equity firms. Turkey’s Koc group is selling a 51% stake in Migros in what would be one of the biggest acquisitions of a listed Turkish company.
BC Partners to put down NY roots
BC Partners, the UK-based buy-out firm, is planning a big US push by establishing a team to compete for deals in New York. The new growth strategy will be marked by a sweeping management shake-up at BC Partners.