News / Industry
Public perseverance
Take-privates are on the up in a market with stocks down and debt still available. But shareholders are still rejecting many bids, causing headaches for buyout houses. Linn Ronning investigates
SPAIN - 3i backed-Global Energy Services acquires WKA
3i backed-Global Energy Services (GES) has acquired 100% of German maintenance company WKA-Service Fehmarn. 360 Corporate and Hauck & Aufhäuser Corporate Finance GmbH acted as advisers to the transaction.
UK - Boots banks to sell down another £650m
Deutsche Bank, Citigroup and JP Morgan are reportedly preparing to sell down another ТЃ650m of the senior debt notes remaining on their balance sheets from KKR's 2007 acquisition of Boots, at a discount of 92% to face value.
CEE - Salans launches CEE French Desk
Salans has expanded its service for French investors in Warsaw and Paris to include its offices in Prague, Bucharest, Budapest, Bratislava, and Istanbul through the creation of the CEE French Desk.
UK - BVCA report reveals impressive 2007 for UK private equity
The BVCA today released its report on investment activity in 2007, which revealed an increase of more than a third in terms of total investment by UK private equity firms and a substantial rise in cross border transactions.
UK - Aberdeen and Core join forces
Aberdeen Asset Managers Growth Capital and VCT manager Core Capital have agreed to a tie-up that will see the two teams working together on a formalised basis.
UK - Expro shareholders put Candover deal in doubt
The high court has adjourned a hearing to approve the ТЃ1.81bn takeover offer for listed oil services company Expro from a Candover-led private equity consortium following a dramatic intervention by several of the firm's institutional investors and US...
FRANCE - PAI increases share in Atos Origin to 18%
PAI partners has acquired a 17.9% stake in computer services company Atos Origin, becoming the largest single shareholder ahead of active investors Pardus and Centaurus Capital, which collectively own 23%. PAI purchased around 5 million shares at a price...
EUROPE - EVCA publishes study on global scenario for private equity
A new report by the EVCA, Global Scenarios for Private Equity and Venture Capital, presents four potential scenarios for global economic development over the coming decade and the impact these will have on the development of the private equity industry....
UK - EVCA final figures show record investment in 2007
The EVCA has released its final figures for private equiity activity in 2007, with the report showing that a record EUR 73.8bn was invested across Europe, EUR 2.6bn higher than in 2006.
UK - Coller and DFJ support early stage technology
Coller Capital, through Coller International Partners V, has injected a further USD 50m into DFJ Esprit II to support the portfolio of LSE-listed investment trust Prelude Trust Plc, which was purchased earlier this month for an initial consideration of...
GERMANY - Lonestar and Ripplewood still bidding for German bank IKB
According to reports, the three bidders still in the race for troubled German bank IKB, which is expected to fetch a purchase price of EUR 500m, include private equity firms Lonestar and Ripplewood. The third suitor is Swedish bank SEB, said to be the...
GERMANY - BPE makes tender offer for Computerlinks
Barclays Private Equity (BPE) has announced a tender offer to shareholders of IT services provider Computerlinks AG. The acquisition vehicle Platin 274.GmbH, in which a fund managed by BPE holds an indirect participation, intends to offer to Computerlinks'...
UK - Carlyle to sell Imo Car Wash property assets
Carlyle Group is planning to sell the property assets of car wash company Imo Car Wash in an effort to raise additional capital.