Reuters: Private Equity:
TORONTO, Nov 17 (Reuters) - Cosmos Capital has said it iswilling to pay C$8.10 a share to buy Cossette Inc , butthe advertising agency's board said on Friday it needs proofthe private equity group can come up with the cash. (Read More)
The Guardian:
Investors in Thomas Cook and Tui Travel must wish they could get away from it all. The two travel companies were the biggest fallers in the leading index following downgrades on both companies from Morgan Stanley. In particul (Read More)
The Guardian:
Shares in National Express have accelerated by nearly 5% on news that the Cosmen family has increased its stake in the bus and rail operator.According to an official statement Jorge Cosmen has bought another 501,823 shares at (Read More)
FOXBusiness.com:
Government regulators and financial professionals appear to be coming to a realization a possible way to save struggling banks is turn to private equity firms, who have the financial knowledge, but more importantly have the (Read More)
Reuters: Private Equity:
NEW YORK, Nov 20 (Reuters) - Private equity giant KohlbergKravis Roberts & Co said current deal opportunitiesinclude buying noncore subsidiaries from companies andproviding rescue and growth capital, rather than the largepub (Read More)
Reuters: Deals:
LONDON (Reuters) - Private equity-owned fund manager Gartmore has kicked-off a much-touted run of initial public offerings among companies owned by cash-hungry buyout firms, in a deal valuing it at about 1 billion pounds ($1. (Read More)
Reuters: Private Equity:
NEW YORK, Nov 20 (Reuters) - Private equity-backedArchipelago Learning Inc's shares rose in their firsttrading session following the company's initial publicoffering, which priced in line with expectations on Thursday. (Read More)
Wall Street Journal:
Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity. Deal Journal’s homepage is http://blogs.wsj.com/deals. You can see real-time update (Read More)
guardian.co.uk Sport:
• Williams: 'I have no reason to stop at this time in my life'• New shareholder Wolff a 'very shrewd businessman'Frank Williams has sold a minority stake in his multiple championship-winning Formula One team for the first tim (Read More)
The Guardian:
Administrators running company behind Threshers, Victoria Wine and Haddows announce closure of another 381 stores and loss of nearly 2,000 jobs after failing to find buyerFirst Quench, the off-licence group behind Threshers a (Read More)
The Guardian:
Fund manager's original plan for £1.5bn IPO were cancelled two years ago when the financial crisis hitFund manager Gartmore ended months of speculation today by announcing that it will float on the London Stock Exchange in mi (Read More)
New York Times:
Supermarket mogul Ronald Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York's debt, The Wall Street Journal reported. (Read More)
Wall Street Journal:
LONDON (MarketWatch) -- Shares in Kohlberg Kravis Roberts & Co. climbed 2.3% in early trading on the Amsterdam market after the private equity firm said late Thursday that it swung to a third-quarter profit and is seeing in (Read More)
L.A. Times - Personal Finance:
Three years after a real estate firm invested in his company, Elliott Broidy voted with fellow panel members to place up to $30 million with the fund. (Read More)
FT Alphaville:
Birds Eye Foods is being sold by its private equity owners for $1.3bn to Blackstone’s Pinnacle Foods, it was announced on Thursday. The deal, to be funded with $300m in additional equity from Blackstone and $1bn in debt, prov (Read More)
FT Alphaville:
Five private equity groups are among the first-round bidders for Matalan, the privately owned UK discount clothing retailer that is being auctioned with an estimated price tag of about £1.5bn. TPG, Blackstone, Warburg Pincus (Read More)
Financial Times:
Blackstone is set to buy Birds Eye Foods in a $1.3bn deal that will see the US frozen food group merge with the private equity group's Pinnacle Foods. (Read More)
The Guardian:
Reckitt Benckiser, the Cillit Bang and Dettol group, has bucked a falling market following reports it was close to announcing a major deal.A merger with US group Colgate Palmolive was one suggestion, as was a takeover of Dure (Read More)
Property News from Times Online:
James Caan is about to undergo a dramatic image transformation. The private equity investor and television celebrity, better known for his role as one of the fearsome entrepreneurs on Dragon’s Den on BBC Two could instead gai (Read More)
Financial Times:
Guy Hands, head of private equity house Terra Firma, warned yesterday that unless governments pushed banks to restructure $7,000bn of leveraged loans that are due to... (Read More)