NEW YORK (Reuters) – American International Group Inc (AIG.N) has received second-round bids from three groups for its aircraft leasing business, valuing the unit at under $5 billion, a source familiar with the matter said on Monday. The bids for International Lease Finance Corp (ILFC) have come from groups led by private equity firms Thomas […]
HONG KONG (Reuters) – HSBC Private Equity and Actis Capital LLP are preparing bids for a stake in Franklin Offshore International, sources said on Monday, as struggling private equity firm 3i Group Plc seeks to sell its majority stake in the oil services company. A deal for Franklin Offshore may fetch about $400 million for […]
SEOUL (Reuters) – Anheuser-Busch InBev (INTB.BR) has picked private equity firm Kohlberg Kravis Roberts & Co (KKR) as preferred buyer of South Korea’s Oriental Brewery (OB), a company official said on Monday, confirming a report. Online news outlet MoneyToday cited an unnamed industry source as saying that KKR had revised upwards its bid price for the […]
LONDON (Reuters) – 3i (III.L), Britain’s biggest listed private equity group said on Sunday it may issue new shares to raise capital. In a statement responding to press speculation about a possible rights issue the company said: “The company confirms that it is considering a range of financing options including the potential issue of new […]
Madrid (Reuters) – Private equity house Terra Firma [TERA.UL] plans to lodge a bid for UK airports operator BAA’s London’s Gatwick Airport, Spanish newspaper El Pais reported on Saturday without citing a source. Separately, El Pais cited sources close to the bidding process as saying that The Lysander Gatwick Investment Group is the favourite of […]
TOKYO (Reuters) – Shinsei Bank (8303.T) and Aozora Bank (8304.T) are in talks to merge in a deal that would create Japan’s sixth-largest bank by assets, two people with knowledge of the matter told Reuters. The Nikkei business daily reported earlier on Saturday on the merger talks, saying the two banks were looking to integrate […]
NEW YORK (Reuters) – Private equity firm Kohlberg Kravis Roberts & Co on Friday extended by four months the deadline to buy its Amsterdam-listed fund KPE (KKR.AS), a deal that is key to KKR’s plans for a U.S. stock listing. KKR and Euronext-listed KKR Private Equity Investors (KPE) said in a statement they had extended […]
TORONTO (Reuters) – Canadian Industry Minister Tony Clement said on Friday that bankruptcy protection is not the government’s preferred option for Chrysler [CBS.UL], although it is a possibility. “Well, the preferred option is that there is no bankruptcy protection because the company (has become) viable and has reached a deal in this case with (Italian […]
(Reuters) – SumTotal Systems Inc (SUMT.O) on Friday agreed to be bought out by Accel-KKR, whose offer of $3.80 a share in cash, or about $124 million, trumped an offer made by the company’s largest shareholder earlier this month. The offer made by affiliates of Accel-KKR is at a premium of about 89 percent over […]
NEW YORK (Reuters) – Starwood Hotels & Resorts (HOT.N) said on Friday a U.S. district judge entered a preliminary injunction against Hilton Hotels and two of its executives preventing them from developing its luxury brand further, the latest development in Starwood’s lawsuit against Hilton. In a release, Starwood said Judge Stephen C. Robinson of the […]