Posted on: June 12, 2009 by PEHub Administrator
LONDON (Reuters) – Private equity firms remain confident of pushing through vendor finance-backed financial sector deals, in spite of CVC Capital Partners’ failed 3 billion pound bid for part of British bank Barclays. The planned sale of iShares, Barclays’ (BARC.L) exchange-traded fund unit, signaled a high-point for private equity in an otherwise moribund LBO market [...]
Tags: Barclays, CVC Capital Partners, iShares
Posted on: May 10, 2009 by PEHub Administrator
LONDON (Reuters) – Barclays Plc (BARC.L) said on Sunday it has received new interest from both trade and private equity buyers for its iShares funds business, responding to a media report that said BC Partners might trump last month’s agreed bid from CVC Capital Partners. A Barclays spokesman said there had been “tremendous” interest in [...]
Tags: Barclays, BC Partners, CVC Capital, iShares
Posted on: April 9, 2009 by PEHub Administrator
LONDON (Reuters) – Barclays Plc has agreed to sell its iShares asset management business to private equity firm CVC Capital Partners for 3 billion pounds ($4.4 billion), but kept the right to hunt for a better deal for two months. The deal, which will be 70 percent financed by Barclays, will land a windfall [...]
Tags: Barclays, CVC Capital, iShares
Posted on: April 8, 2009 by PEHub Administrator
LONDON (Reuters) – Private equity house CVC Partners will pick up a rare commodity if it pulls off a purchase of Barclays’ iShares exchange traded fund (ETF) unit, which analysts say has strong growth potential. A clear leader both in the U.S. and European markets, the unit saw record net inflows of $89 billion last [...]
Tags: CVC Partners, iShares
Posted on: March 31, 2009 by PEHub Administrator
LONDON (Reuters) – Barclays (BARC.L) has entered exclusive talks with CVC Partners over the sale of its iShares unit for an estimated 3 billion pounds ($4.29 billion), a source familiar with the situation said on Tuesday. The sale would not include the securities lending business of San Francisco-based Barclays Global Investors (BGI), the parent of [...]
Tags: Barclays, CVC Capital Partners, iShares
Posted on: March 21, 2009 by PEHub Administrator
LONDON/NEW YORK (Reuters) – Private equity groups Hellman & Friedman, Bain Capital and TPG Capital have each shown interest in the iShares unit from British bank Barclays (BARC.L), sources familiar with the situation said. Talks with a consortium around Hellman & Friedman were moving “quickly and smoothly,” one of the sources said. It was not [...]
Tags: Barclays, Hellman & Friedman, iShares, TPG Capital