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’Candover seals €1.5bn Stork deal
Stork, the Dutch industrial conglomerate, and its shareholders on Wednesday agreed to a sweetened €1.5bn ($2.2bn) bid from Candover, the UK private equity group, and two Icelandic investors, ending a lengthy five-way tussle for control of the maker of jet-fighter components and poultry processing equipment.
Stork finally on brink of a private equity re-birth
A drawn-out Dutch drama may at last be approaching its final act. There may be an end in sight to the activist angst for Stork, the industrial conglomerate.
Activist investors have for almost two years targeted the company,
Candover set for talks after Stork bid withdrawn
Candover, the UK private equity firm, said Monday it was withdrawing its €1.5bn ($2.07bn) offer for Stork, the Dutch industrial company, but that a new offer was still possible. Marel, the Icelandic investor that used its 43 per cent stake to derail the deal,
DM&E Railroad sale a boon for UK buy-out firms
Four UK-based private-equity firms that became majority owners of Dakota Minnesota & Eastern Railroad Corp more than two decades ago are finally set to cash in their investment – and make at least 20 times what they paid,
Iceland’s LME eyes Stork, takes on Candover
The marathon battle for Stork took another twist Monday when LME, an Icelandic investment group, said it was interested in buying the 180-year-old Dutch industrial concern as it sought to block a €1.5bn ($2.04bn) offer from Candover,
Private equity in Europe ‘past its peak’
Europe’s booming private equity market has already peaked and deal volumes are expected to fall from a record €62bn in the second quarter, according to Candover, the UK-based fund. Marek Gumienny, managing director of Candover,
Activist funds support Candover offer for Stork
Stork, the Dutch industrial conglomerate, on Tuesday appeared to have drawn a line under an 18-month dispute with its main shareholders after activist funds backed a €1.5bn ($2bn) cash offer from Candover,
Stork talks to Candover
Ground down, perhaps, by pesky hedge fund investors who wanted to break the business up, Dutch industrial conglomerate Stork indicated on Tuesday that it is now ready to throw in the towel.
Centaurus Capital,
Ontex agrees capital injection
Ontex, the nappies and feminine hygiene products group, has agreed a financial restructuring that requires its private equity backer Candover to pump fresh capital into a business it acquired more than three years ago for just more than €1bn (£680m).
GMG expects three private equity bids for Trader Media
Guardian Media Group was due on Wednesday night to receive three bids for Trader Media, the division behind the Auto Trader car listings magazine that is valued at about £1.3bn. Buy-out groups Apax, Blackstone and CVC Capital,
Blackstone in talks over possible £1bn Jupiter deal
Blackstone is in negotiations over the potential acquisition of Jupiter Asset Management, even as the fund manager owned by Commerzbank continues to consider a flotation, reports the Times. The sale talks,
GMG in talks over selling Trader Media
Guardian Media Group, the newspaper group chaired by Paul Myners, is in talks with three private equity firms over the sale of Trader Media Group, the company behind the Auto Trader car listings magazine,