James Taylor
Auto Trader, a car sales business owned by the UK-based Guardian Media Group, is expected to be valued at up to £1.3 billion when final bids are submitted tomorrow. The price has reportedly frightened off one interested party.
The Carlyle Group has sweetened its offer to secure a take-private deal for Freeport, a £155 million European retail park developer, after talks seemed to have stalled.
Aksìa Capital, an Italian mid-market private equity firm, has attracted some illustrious new investors to its third buyout fund, which closed at €150 million.
HgCapital’s renewable energy team, which recently closed a dedicated fund, has made its first investment outside the wind energy sector, backing a German biogas project called Aufwind.
A consortium led by the Caisse des Dépôts et Consignations is in exclusive negotiations to buy Saur, a French waste and water management group currently owned by PAI partners.
US buyout firm The Carlyle Group has had to settle for a minority stake in Xugong, a Chinese construction machinery manufacturer that it has been trying to buy outright since 2005. The proposed sale caused an outcry in China.
Specialist credit funds have revolutionised the leveraged loan market. But could this mean trouble for the private equity industry when things start to go wrong? James Taylor reports.
The troubled auction of Claire’s Accessories, a US-based fashion retailer, has reportedly suffered another blow with news that previous favourite Apax Partners has withdrawn on price grounds.
UK buyout firm Duke Street Capital has sealed its latest acquisition in the food sector, buying UK snack-maker Burton’s Foods in a deal thought to be worth more than £200 million.
Three of the world’s biggest buyout firms may ignore convention and submit a competing offer for TXU, a US utility that accepted a $45 billion offer from KKR and TPG last month.