RSS feedcinven
’Buyout group Cinven seen mulling £10bn bid for UK’s Wolseley
British private equity firm Cinven is in the early stages of considering a £10bn bid for building-materials group Wolseley, London’s financial freesheet City AM reported.
Cinven, advised by Goldman Sachs,
La Tasca latest target for private equity hunger
La Tasca, the Spanish-themed restaurant chain, is in preliminary talks that could lead to a takeover, with speculation about possible suitors focused on Blackstone and Cinven. La Tasca, which floated on Aim in 2005,
TPG joins CVC team on Sainsbury
Texas Pacific on Tuesday night joined the CVC-led buy-out team that is working on an £11bn buy-out of J Sainsbury, hampering efforts by rival private equity groups looking to form a competing consortium.
Cinven and TPG still interested in Sainsbury, reports the Times
Cinven and Texas Pacific were last night plotting a rival private equity bid for J Sainsbury, Britain’s third-biggest supermarket chain, the Times “has learnt”.
It might just have learnt that from the front page of Saturday’s FT,
CVC reportedly working on plans to take Sainsbury private
Private equity firms have renewed their interest in buying J Sainsbury, as the founding family sold part of its holding in the UK’s third biggest supermarket group, reports the Times.
CVC has recently been working on plans to take the company private,
Portugal Telecom set to receive $14bn hostile bid
One of Europe’s biggest takeover battles is expected to kick off this week when Portugal Telecom, the country’s dominant carrier, receives a $14bn hostile bid from Sonae after more than 12 months of wrangling with regulators.
Akzo favours IPO of drugs arm despite buy-out firms’ interest
Akzo Nobel, the Dutch industrial conglomerate, insisted yesterday it would pursue a flotation of its €8bn pharmaceutical division in spite of interest from a string of buy-out groups keen to secure the asset ahead of its listing.
Private equity firms paid $11bn in fees to banks in 2006
Private equity groups paid at least $11bn in fees to investment banks in 2006, underscoring the increasingly important role the buy-out funds play as some of the most lucrative clients of Wall Street and the City of London.