LVMH-Backed L Catterton Nears Deal to Acquire Birkenstock
L Catterton, the private equity firm backed by luxury French fashion house LVMH, is nearing an agreement to acquire iconic German sandal maker Birkenstock, people with knowledge of the matter said. The investment firm and the family behind Birkenstock could announce a deal in the next week, the people said, asking not to be identified […]
German Soccer League Said to Kick Off Private Equity Stake Sale
Germany’s elite soccer body will invite bids for a minority stake in its overseas media rights and private equity firms are circling, according to people familiar with the matter. Advent International and BC Partners are two private equity firms that have already reached out to Bundesliga International about acquiring a stake, Bloomberg has reported previously. […]
CVC Weighs Bid for $3 Billion Chemical Maker Synthomer
CVC Capital Partners has been exploring a bid for U.K. chemical producer Synthomer Plc, people with knowledge of the matter said. The private equity firm made an initial approach to London-listed Synthomer to gauge its interest in a deal, according to the people, who asked not to be identified because the information is private. The […]
Wells Fargo sells asset management arm to private equity firms for $2.1 billion
Wells Fargo & Co said on Tuesday it had agreed to sell its asset management business, which manages more than $603 billion on behalf of customers, to private equity firms GTCR LLC and Reverence Capital Partners for $2.1 billion. The sale represents the biggest shake-up at the U.S. bank since former Bank of New York […]
Carlyle to exit clinic chain Ameos as founder, ICG take full control
Buyout group Carlyle is selling Swiss-headquartered clinic chain Ameos in a deal that will see the company’s founder and private equity firm Intermediate Capital Group (ICG) take full control, people close to the matter said. Founder and Chief Executive Axel Paeger will get a majority in the company’s voting rights, with a minority to be […]
A Lucrative Stake in Robert Smith’s Vista May Soon Be for Sale
Billionaire Robert Smith’s Vista Equity Partners is discussing a stake sale to reduce Dyal Capital’s lucrative ownership slice in the buyout shop. Smith has kicked off discussions with executives at Dyal in recent weeks seeking a partial sale of their stake in his firm, according to people with knowledge of the matter. For Dyal, its control […]
Greensill and Apollo in talks about multibillion dollar financing deal
Sky News has learnt that Apollo Global Management is among a number of parties in discussions with Greensill Capital, a London-based firm set up by Lex Greensill a decade ago, about a multibillion dollar deal. City sources said this weekend that the talks with Apollo primarily related to the acquisition of assets created by Greensill, […]
Asda’s new owners Issa brothers make fresh bid for Caffe Nero
Moshin and Zuber Issa, the billionaire brothers that are behind grocery retailer Asda, have made a fresh bid to take control of troubled coffee chain Caffe Nero. They are currently in talks with Alcentra and Partners Group to purchase company loans totalling £180m ($252m), the Sunday Telegraph first revealed. City sources told the newspaper that the […]
Seven Serie A clubs move to block €1.7bn CVC deal
Serie A’s €1.7 billion (US$2 billion) private equity deal with CVC, Advent and FSI could be about to collapse as seven of Italian soccer’s most powerful top-flight clubs are set to block the investment, according to Reuters. A letter signed by seven clubs – including Juventus, Inter Milan and Lazio – said they no longer […]
JPMorgan Says PE Deals to Spur Junk-Bond Craze in Europe
JPMorgan Chase & Co. says the leveraged-debt markets in the EMEA region will get a boost this year from a spate of private-equity deals and investors’ clamor for higher yields. Ben Thompson and Daniel Rudnicki Schlumberger, co-heads of the leveraged-finance team for Europe, Middle East and Africa, point to 300 billion euros ($364 billion) of […]
