James Taylor
US private equity group Lone Star Funds said it plans to sell two South Korean companies in its portfolio, fuelling speculation that it is looking to withdraw from the country altogether following the government’s ongoing scrutiny of its investments in the region.
Shares in Sainsbury’s, a UK retail chain at the centre of a controversial £10 billion private equity bid, slid this morning as two more of the buyout firms involved reportedly pulled out of the deal. The news followed continuing opposition from pension fund trustees and minority shareholders.
US private equity group Lone Star Funds said it plans to sell two South Korean companies in its portfolio, fuelling speculation that it is looking to withdraw from the country altogether following the government’s ongoing scrutiny of its investments in the region.
Shares in Sainsbury’s, a UK retail chain at the centre of a controversial £10 billion private equity bid, slid this morning as two more of the buyout firms involved reportedly pulled out of the deal. The news followed continuing opposition from pension fund trustees and minority shareholders.
The Blackstone Group has admitted defeat in its attempt to buy La Tasca, a UK tapas chain, after property investor Robert Tchenguiz bought up a blocking stake and trumped its bid for a second time.
US firm Kohlberg Kravis Roberts has pulled out of the private equity consortium circling UK retailer Sainsbury’s, amid growing concerns that its ongoing bid for Alliance Boots could lead to competition issues.
Fortress Investment has bought UK-listed reinsurer Alea for £162 million or 93 pence per share – a 65 percent discount on its issue price when Kohlberg Kravis Roberts floated the business in 2003.
Robert Tchenguiz has raised the stakes again in his increasingly fierce battle with Blackstone for tapas chain La Tasca, upping his original bid and buying a 20 percent stake in the business.
The Blackstone Group has admitted defeat in its attempt to buy La Tasca, a UK tapas chain, after property investor Robert Tchenguiz bought up a blocking stake and trumped its bid for a second time.
US firm Kohlberg Kravis Roberts has pulled out of the private equity consortium circling UK retailer Sainsbury’s, amid growing concerns that its ongoing bid for Alliance Boots could lead to competition issues.