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LONDON (Reuters) – Goldman Sachs (GS.N) and Groupe Eurotunnel have expanded their bidding group for Britain’s only high-speed rail line, a consortium spokesman said on Tuesday, as first-round bids were due for the 1.5 billion pound route. The British government is selling “High Speed 1”, which has a 30-year concession to run a 110 kilometre […]
NEW YORK (Reuters) – Banco Bilbao Vizcaya Argentaria (BBVA.MC), Spain’s second-largest bank, is expected to win a government-run auction of troubled Texas lender Guaranty Financial Group Inc (GFG.N), sources familiar with the situation said on Wednesday. The Federal Deposit Insurance Corp (FDIC), which was managing Guaranty’s sale, had set a bid deadline of Tuesday for […]
Partners Group has secured $700 million for its credit strategy program Partners Group Multi-Asset Credit Strategy 2014. So far the program has made a number of investments, which include Germany-based textbook publisher Springer Science+Business Media.
The fourth time is the charm for Lindsay Goldberg, which finally has found a buyer for First American Payment Systems.
More than seven years after buying Burlington Stores, Bain Capital stands to more than quadruple its investment in the discount retailer, sister publication peHUB reported.
U.S. buyout firm Advent International has appointed advisors to assess a possible sale of budget store chain Poundland, the Financial Times reported on Friday. The private equity group, which also owns German fashion retailer Takko, has hired Close Brothers as it assesses its options for the single-price retailer, which could include a sale to a rival firm or another buyout house, the FT said.
HONG KONG (Reuters) – Starr International, an investment firm controlled by U.S. insurance tycoon Maurice “Hank” Greenberg, has failed to win Beijing’s approval to launch a planned private equity joint venture with top China brokerage CITIC Securities (600030.SS: Quote, Profile, Research, Stock Buzz), sources said on Wednesday. Early last year, Starr International and CITIC Securities, […]
In M&A transactions, it’s not high deal prices, outrageous seller expectations or dealing with private equity that angered executives attending Edison Partners’ Strategic Growth Summit. Instead, it’s earnouts. Earnouts are pricing structures typically found in M&A deals. In an earnout, the seller must achieve certain financial goals after a transaction closes to “earn” part of the […]
Spain’s Ferrovial is in talks to sell a 10% stake in UK airport operator BAA, Reuters reported Monday, citing a report in the Sunday Times. Ferrovial has reportedly been in talks with U.S.-based infrastructure company Alinda Capital Partners, Reuters wrote. The stake is estimated to be workth about $285 million.
NEW YORK (Reuters) – Activist investor Carl Icahn and private equity fund Oaktree Capital Management have amassed hundreds of millions of dollars of MGM Mirage (MGM.N) bonds and have told the troubled casino firm it should quickly overhaul its massive debts in bankruptcy, the Wall Street Journal reported, citing people familiar with the matter. The […]
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