Topics: Buyouts

Private Equity Deal Helps Save Jobs

Private Equity Deal Helps Save Jobs

A British heritage retail chain has been rescued by private equity in a last minute pre-pack administration deal. Jones Bootmaker was almost destined to go under until private equity firm Endless was able to make a deal with the retailer’s current private equity owners, Alteri.   The Leeds-based private equity firm had reportedly been talking to the distressed company since [...]

Private Equity Cuddles Up with a Toymaker

Private Equity Cuddles Up with a Toymaker

A private equity-led group has bought one of the biggest independent toymakers on the market. Private equity firm Privet Capital announced its buyout of Vivid Toy Group. The UK-based toymaker is behind big toys such as Moshi Monsters and Care Bears.   The story of the toymaker   Vivid Toy Group started in 1993 by making toys under licence to [...]

Chinese Billionaire After Terra Firma’s Odeon

Chinese Billionaire After Terra Firma’s Odeon

  Private equity firm Terra Firma is looking for a buyer for the Odeon cinema chain. Sunday’s papers reported that its likely buyer might come from China. The historic cinema chain has caught the attention of Wang Jianli, the Chinese business tycoon.   Terra Firma’s Role in Charge of Odeon Terra Firma acquired the cinema chain in 2004. At the [...]

Petco’s Private Equity Owners Turn to Dual-Track Process

Petco’s Private Equity Owners Turn to Dual-Track ...

  One of the terms that currently keeps popping up in private equity news is dual-track process. Many private equity firms are looking at initial public offering (IPO) at the same time as talking with potential bidders in order to exit their investments. The latest firms to do so are TPG Capital and Leonard Green & Partners, as they are [...]

Private Equity Firms Race to the Finish Line with Homeplus

Private Equity Firms Race to the Finish Line with ...

  Monday marks the deadline for bids for the Tesco South Korean unit, Homeplus. The unit is valued at around $6 billion and a number of big private equity firms are reportedly finalising their bids to snatch the supermarket.   Forming Alliances   Reports on Sunday’s Korean newspapers suggest global private equity firms are creating alliances in order to win [...]

How quickly can Apollo finalise the Verallia deal?

How quickly can Apollo finalise the Verallia deal?

Private equity firm Apollo has won the bidding war to enter exclusive talks to buy glassmaker Verallia. The firm has reportedly made an offer which would value Verallia at €2.95 billion. Glassmaker Verallia has entered exclusive talks with private equity firm Apollo Global Management. The private equity firm is hoping to buy Verallia in a deal which would value the [...]

Palatine Private Equity Buys A Cocktail Bar

Palatine Private Equity Buys A Cocktail Bar

Private equity firm Palatine has mixed up its portfolio with a management buyout of a cocktail bar The Alchemist. The bar chain is part of the Living Ventures Group and the most recent deal is Palatine’s second investment in the organisation. The Alchemist buyout was worth £13 million.   A Rising Star The Alchemist has quickly become an iconic venue [...]

Finnish Fiskars Corporation Buys Wedgwood Ceramics From Private Equity

Finnish Fiskars Corporation Buys Wedgwood Ceramics ...

Private equity firm KPS Capital Partners announced it has sold Waterford Wedgewood Royal Doulton to the Finnish Fiskars Corporation. The US private equity company has agreed to sell in a deal worth $437 million.   Saving The Company The US-based private equity firm bought former Irish-listed crystal and ceramics company in 2009. At the time, the company was under administration. [...]

Private Equity Firm Acquires 90% of Roberto Cavalli

Private Equity Firm Acquires 90% of Roberto Cavalli

The luxury fashion designer, Roberto Cavalli, has finally sealed a deal to sell a 90% stake in the business. Several private equity firms courted the company, but in the end, the company opted to go with a fellow Italian firm, Clessidra.   End of an Era The buyout deal sees the end of an era, with the self-styled “Leopard King” [...]

Private Equity-Backed Listing Making Headlines in the UK

Private Equity-Backed Listing Making Headlines in ...

Online car marketplace Auto Trader Group saw it shares rise by over 16% on its debut in London Stock Exchange on Thursday. The private equity-backed initial public offering was Britain’s largest such listing and it comes after fierce interest to buy the company before the IPO.   The Auto Trader Group flotation valued the company at $3.5 billion. But on [...]

Apollo-backed Retail Vehicle Eyeing BHS

Apollo-backed Retail Vehicle Eyeing BHS

The Sunday newspapers reported that a private equity backed retail vehicle, Alteri Investors, is set to bid for the high street retailer BHS. BHS owner Sir Philip Green announced in January that the retailer has been receiving plenty of interest from private equity firms and a sale is possible. Now one of Sir Philip’s former advisors is set to launch [...]

Private Equity Set to Bid for Lossmaking BHS

Private Equity Set to Bid for Lossmaking BHS

The retail industry isn’t having the easiest of time, as high street is losing out to online retailers. Sir Philip Green became the latest to announce he is looking to sell his retail company, BHS, and private equity firms are expected to be among the bidders.   Tough Times for BHS Sir Philip bought the company in 2000 from Storehouse [...]

Sea Change in Large Buyout Debt Sourcing

Sea Change in Large Buyout Debt Sourcing

The bidding war for a buyout of Tesco’s consumer data warehousing and analysis subsidiary, Dunnhumby, got a lot of press this week for the sheer size of the deal, but another large-buyout in the works provided more insight into the changing world of PE and leveraged buyouts, at least in terms of where the money will come from for future [...]

Shoes, Handbags, and Mascara: Private Equity’s High Fashion Passion

Shoes, Handbags, and Mascara: Private Equity’s ...

Over at the WSJ’s MoneyBeat, a young reporter has undertaken an unusual assignment to live a week without touching or using anything owned by a private equity investor.   She’s had to toss out her mascara and stop using Twitter and avoid certain blockbuster movies at the cinema. We assume, the point being that private equity has become so integral [...]

Buyout Trend: Exits Easier Than Dealmaking

Buyout Trend: Exits Easier Than Dealmaking

Large-sized PE buyouts done at the height of the leveraged boom are finding buyers, reports Dealbook blog. It notes “doubles” and “triples” achieved by the likes of Apollo, Warburg Pincus, and Blackstone. The report says that exits are easier these days than buying new companies and doing deals. About USD 62 billion has been invested in companies this year, according [...]