Secondary buyout
Q&A: Intermediate on high ground
Deborah Sterescu speaks to Christophe Evain, managing director of ICG, on expectations for recovery and why high-yield is not a long-term threat for mezzanine.
Aggressive banks push Kabel Deutschland debt to 70%
According to sources close to the deal speaking to unquote", the banks involved in the pending Kabel Deutschland deal have aggressively pushed the equity to just 30% of the deal valued at as much as EUR 5bn. Equity ratios of just 30% are almost unheard...
Montagu Private Equity prepares for EUR 2bn IPO of BSN Medical
Montagu has hired Morgan Stanley to advise on a possible IPO for medical supplies company BSN Medical, which is expected to fetch up to EUR 2bn. A sales process was started about one-and-a-half years ago, but abandoned.
Better Capital acquires Carlyle's Gardner in £20m deal
Better Capital, the investment vehicle launched by Jon Moulton last year, has invested in its first deal, reportedly acquiring aerospace components supplier Gardner Group in a £20m deal from The Carlyle Group.
Apax, Permira exit could herald new look IPO
As buyers shop around for bargains, Apax- and Permira-backed New Look is seeking a lucrative £1.7bn flotation. Could this be the first in a wave of IPOs, asks Deborah Sterescu.
Warburg Pincus acquires Montagu's Survitec for £280m
Montagu Private Equity has completed its exit of Survitec, the survival equipment manufacturer, through a secondary buyout to private equity giant Warburg Pincus in a £280m deal.
SBOs: To Xafinity and beyond
Duke Street’s sale of employee benefits company Xafinity to Advent International marks the second major secondary buyout in as many days. With the buyout market currently a dichotomy between cash-rich and exit-starved managers, SBOs could be set to...
Advent buys Duke Street's Xafinity
Duke Street has completed its exit of Xafinity, the specialist pension services and employee benefits group, through a secondary buyout to Advent International in a deal of undisclosed value - the second SBO in two days.
SBOs replace IPO hopes as KKR snaps up Bridgepoint’s Pets at Home
IPO maths don't add up as KKR completes £ 950m Pets at Home secondary. Rikke Eckhoff reports.
KKR acquires Pets at Home as SBO proves more lucrative than IPO
Bridgepoint has completed the exit of its pet retail chain Pets at Home through a secondary buyout to US giant KKR that is reportedly worth more than £950m, ending talk of a potential floatation of the business.
Investment stalls as economic uncertainty returns
Figures from the just-released unquote" Q4 Private Equity Barometer reveal a stagnation in private equity investment activity as economic optimism wears thin.