Trade buyer Imperial Tobacco has had its €16.2 billion offer for Altadis, the maker of Gauloises and Gitanes cigarettes, accepted by the company’s board, as rival bidder CVC Capital Partners was forced to revalue its bid in light of problems in the credit markets.
2 min read · 12 January 2013
Home Depot has agreed to accept $1.8 billion less than previously agreed in the sale of its HD Supply unit to Carlyle, Bain and Clayton, Dubilier & Rice.
2 min read · 12 January 2013
Several of the world’s biggest private equity firms are already consulting with LPs about their next funds, but uncertainties about the pace of dealmaking and size of allocations are hampering these efforts.
2 min read · 12 January 2013
Private equity generated the highest return of VRS’ assets, outperforming the overall fund by 11.6 percentage points.
1 min read · 12 January 2013
Credit Suisse has promoted John Knox to co-head its Australian investment banking business with Rob Stewart. Knox will continue to head the bank’s financial sponsor coverage in Australia.
2 min read · 12 January 2013
KKR has refuted a UK media report that the buyout firm has postponed its planned $1.25 billion IPO on the New York Stock Exchange.
1 min read · 12 January 2013
CIT Capital Finance has delivered financing for the Rutland Partners-led acquisition of Pulse Home Products while Electra Private Equity has carried out a third refinancing on Allflex.
2 min read · 12 January 2013
Italian conglomerate De Agostini has taken a minority stake in Palamon Capital Partners-backed loan provider Sigla Luxembourg, as the relatively undeveloped personal credit market in Italy continues to grow.
1 min read · 12 January 2013
The listed debt and equity provider has reported strong quarterly results and increased its dividend expectations, arguing that its “one stop buyout” model gives it a crucial advantage in the current market.
2 min read · 12 January 2013
Soon after PEO revealed that the Virgin Group is launching its first institutional buyout fund, its chief executive has reportedly outlined plans to pursue a ‘branded venture capitalism’ strategy, as it looks to take on large buyout firms like Blackstone and Apax.
2 min read · 12 January 2013
