News / Industry
UK - Doughty and Balderton to suffer huge losses on Setanta
Private equity firm Doughty Hanson has been forced to write off ТЃ85m against its investment in sports broadcaster Setanta, after the UK arm of the business was placed in administration last week.
UK - Permira seeks to takeover Just Retirement
Permira is reportedly considering a takeover of UK life insurer Just Retirement plc in a deal that could value the company at about ТЃ225m.
UK - Candover terminates takeover talks
Beleaguered buyout house Candover has announced that it has ceased all discussions relating to the takeover of its business, stating that the approaches received did not offer sufficient value to shareholders.
SPAIN - PAI one of two contenders left for Cintra
According to reports, PAI Partners is one of only two contenders remaining in the race for Ferrovial's parking division, Cintra, in deal that could be worth between EUR 400-450m.
SPAIN - BCN Emprèn completes capital increase
BCN Emprèn has increased its capital base to EUR 15m, in a move that sees public corporation Enisa become a shareholder in the venture capital company.
FRANCE - Wendel restructures Materis' debt
Wendel has reached agreement with creditors of portfolio company Materis, a building materials business, on a restructuring that will see EUR 290m of amortization payments deferred until 2013.
UK - CVC and TPG resign from Debenham's board
Debenhams' private equity backers, CVC and TPG Capital, have reportedly both resigned from the UK retailer's board after refusing to take part in the company's ТЃ323m cash call.
UK - Pamplona challenged for stake in Chaucer
Pamplona Capital is reportedly being challenged for its stake in London-based insurance underwriter Chaucer Holdings by Lloyd's of London insurer Brit Insurance, which has made a takeover offer valuing the company at ТЃ220m.
GERMANY - Warburg seeks buyer for Easycash
Reports indicate that Warburg Pincus has hired UBS to find buyers for credit cards payment processing company Easycash, with the sale expected to be worth anywhere up to EUR 300m.
IRELAND - AIB and BOL reduce TVC stakes
AIM-listed private equity fund TVC Holdings has reportedly seen two of its institutional investors, Allied Irish Banks and Bank of Ireland, reduce their shareholdings in the vehicle after the recent release of the company's financial results.
UK - Bramdean Alternatives replaces board
London-based fund-of-funds Bramdean Alternatives is reportedly replacing its board after Iranian born-entrepeneur Vincent Tchenguiz, the firm's largest investor, won a vote to do so in an effort to wind down the fund.
CZECH - CCMP and Bancroft look for buyers for Nowaco
According to reports, private equity firm CCMP Capital Advisors is seeking a buyer for its chilled and frozen food distributor Nowaco Central Europe, with the price tag thought to be around EUR 250m.
UK - 3i stops salary hikes and bonuses to top management
In its annual report, published this month, 3i has announced that it has halted salary increases and bonuses to its senior management.
UK - BC Partners to back EUR 1.7bn Baxi merger
It is understood that BC Partners- and Electra Partners-owned boiler manufacturer Baxi is closing in on a EUR 1.7bn merger with its Dutch counterpart De Dietrich Remeha Group, with the private equity backers thought to be likely to invest a further EUR...