Denmark’s ISS to raise $1.5 bln in March IPO – Reuters

Danish outsourcing firm ISS A/S aims to raise 8 billion Danish crowns ($1.5 billion) through an initial public offering of stock in March, writes Reuters. EQT and Goldman Sachs hold 73 percent of ISS, after the Ontario Teachers’ Pension Plan and KIRKBI, which invests funds from the family behind Lego toys, injected 500 million euros ($685 million) for a combined 26 percent stake in 2012.

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peHUB First Read

Want to know how much KKR founders made in 2013 and what venture funds are doing it for CalPERS? Find out in the latest headlines in this Tuesday morning’s First Read.

Darby Private Equity backs China F&B Group

Darby Asia Opportunities Fund III has provided financing to an EQT-led consortium that acquired a majority stake in franchise operator China F&B Group. Board members and management invested together with the new controlling shareholders and the founder, Mr. Li Ping, who continues to own shares in the company and act as chairman.

EQT raises over a billion for mid market fund – Reuters

Swedish private equity firm EQT has raised 1.1 billion euros ($1.49 billion) for a fund that will invest in mid-sized companies in Northern Europe, Greater China and Southeast Asia, writes Reuters. EQT said a typical deal size for the fund would be between 80 and 150 million euros in Northern Europe and up to 200 million euros in Asia, and that it saw deals coming in family- and entrepreneur-owned businesses as well as listed companies.

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peHUB First Read

Catch up on the latest news links this Tuesday morning including EQT’s latest fundraise, another Nordic investor creating the world’s biggest Bitcoin database and an insight into VCs and their portfolio companies.

Sanitec celebrates oversubscribed IPO – Reuters

Sanitec said on Tuesday the final offer price in its heavily subscribed flotation was 61 crowns per share, valuing the bath and toilet manufacturer at 6.1 billion crowns ($933 million) in Sweden’s biggest listing since 2006, writes Reuters. The listing of Sanitec, controlled by private equity firm EQT, comes as the European construction market is seen recovering from a slump caused by the euro zone debt crisis.

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peHUB First Read

Start off this Tuesday morning with the latest in corporate finance updates, an insight into how start-ups innovate and solar power’s new record.

Sanitec set for biggest Swedish IPO in seven years – Reuters

Bath and toilet maker Sanitec said its owners would sell up to 4 billion crowns ($608 million) worth of shares in its Stockholm listing, meaning the IPO will be Sweden’s biggest since 2006, writes Reuters. Sanitec, controlled by Swedish private equity firm EQT, said 40 million shares, or 40 percent of the total, would be offered, but that amount could be increased by 12.2 million shares.

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