peHUB First Read

Catch up on the latest headlines after the weekend with this morning’s First Read which reveals the latest Asian deals, how European venture is blooming and the bursting of the cleantech bubble.

Reuters – Advent Strikes Deal to Control Douglas

Private equity investor Advent plans to make a formal takeover offer for Douglas after reaching a deal with the biggest shareholders of the German retailer, writes Reuters. Advent is joining forces with one of Douglas’s current shareholders in an effort to take the books-to-perfumes retailer private, writes Reuters.

Reuters – Advent to Buy Dutch Firm Mediq

Private equity firm Advent has agreed to buy Dutch medical supplier and pharmacy owner Mediq for 775 million euros ($1 billion) in cash, more than 50 percent above last week’s closing price, writes Reuters. Mediq’s management and supervisory board support the deal, and shareholders owning 20.2 percent of Mediq have already accepted the offer, according to Reuters.

peHUB First Read

Get up to speed with the latest happenings in PE and VC over the weekend with this morning’s First Read which features who you should be following in the life science space and where buyout firms are headed next.

Allianz Capital Attracts Buyers to Sale of Vending Machine Biz Selecta

Allianz Capital Partners has attracted a number of potential buyers in the sale of its European vending machine business Selecta, which is expected to fetch at least 700 million euros ($881 million). REUTERS: Allianz Capital Partners has attracted a number of potential buyers in the sale of its European vending machine business Selecta, which is […]

GlobeOp Financial Services In Talks with PE Firms

Hedge fund services firm GlobeOp Financial Services is in talks with buyout shops Advent International and TPG, Reuters reported Friday. The firm, which has $173 billion in client assets under administration, has been carrying out a strategic review to try and boost its share price, Reuters wrote.

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