James Taylor
Blackstone has hit back at a rival consortium by sweetening its own offer for US real estate business Equity Office Properties, ahead of tomorrow’s crucial shareholder vote.
Liverpool has become the third English football club to come under US ownership, after accepting a £470 million takeover bid from US private equity veteran Tom Hicks and compatriot George Gillett. The deal will help the club finance a new stadium.
Apax Partners has completed its second lucrative exit in two weeks after selling TIM Hellas, the Greek mobile operator it co-owned with Texas Pacific Group, to Egyptian telecoms entrepreneur Naguib Sawiris.
The CVC-led consortium preparing a £9 billion bid for Sainsbury’s, a UK supermarket chain, has been further strengthened after Texas Pacific Group decided to abandon a rival bid and join the group.
New research on the venture capital market provides some grounds for optimism, as an increase in typical deal size takes investment levels to a four-year high despite fewer deals taking place.
3i will look to raise £1.3 billion by floating an infrastructure fund on the London Stock Exchange, which will acquire 3i’s current portfolio of assets in the sector.
Blackstone has hit back at a rival consortium by sweetening its own offer for US real estate business Equity Office Properties, ahead of tomorrow’s crucial shareholder vote.
Liverpool has become the third English football club to come under US ownership, after accepting a £470 million takeover bid from US private equity veteran Tom Hicks and compatriot George Gillett. The deal will help the club finance a new stadium.
In the week it emerged that UK retailer Sainsbury’s is the latest high-profile public company being targeted by private equity, new research shows that a record number of take-private deals were the biggest single source of the industry’s growth in the last 12 months.
Sydney-based Catalyst Investment Managers has acquired a 43.5 percent stake in EziBuy, an Australasian apparel and home décor catalogue company. The investment provided an exit for Direct Capital, a private equity firm in New Zealand.