Suntory bids for Schweppes September 22, 2009 JAPANESE brewer Suntory has made a binding bid for soft drinks maker Orangina Schweppes, its private equity owners said, in a sign buy-out houses may find it easier to exit investments. Suntory will pay €2.6bn (£2.4bn) for Orangina, two sources familiar with the situation said, allowing Blackstone Group and Lion Capital to double their money [...]
Suntory bids for Schweppes September 22, 2009 JAPANESE brewer Suntory has made a binding bid for soft drinks maker Orangina Schweppes, its private equity owners said, in a sign buy-out houses may find it easier to exit investments. Suntory will pay €2.6bn (£2.4bn) for Orangina, two sources familiar with the situation said, allowing Blackstone Group and Lion Capital to double their money [...]
Blackstone poised to snap up half of BritishLand’s Broadgate complex September 17, 2009 PROPERTY investment firm British Land is poised to complete the sale of half of its £2.2bn City office complex Broadgate to US private equity house Blackstone. The two firms were last night thrashing out the terms of the deal, which will see Blackstone enter into a joint venture with British Land. Blackstone will pay just [...]
Suntory is in talks to snap up Orangina September 10, 2009 JAPANESEbrewer Suntory is in talks to snap up Orangina for at $2.6bn (£1.6bn) as it looks to grow oversees and offset the effects of the rapidly ageing population at home. Privately held Suntory, itself in talks to be sold to bigger rival Kirin, would likely pay more for Orangina than the $2.6bn that Blackstone and [...]
Suntory is in talks to snap up Orangina September 10, 2009 JAPANESEbrewer Suntory is in talks to snap up Orangina for at $2.6bn (£1.6bn) as it looks to grow oversees and offset the effects of the rapidly ageing population at home. Privately held Suntory, itself in talks to be sold to bigger rival Kirin, would likely pay more for Orangina than the $2.6bn that Blackstone and [...]
Blackstone’s losses widen August 6, 2009 US-BASED private equity giant Blackstone yesterday posted a wider second quarter loss than in the same period last year but still managed to top Wall Street’s expectations. Blackstone’s loss widened to $164.3m (£98m) from $156.5m, but it added that it was sitting on its biggest cash pile ever. The credit crunch and lack of financing [...]
Blackstone considers breaking up chunks of hotel giant Hilton August 9, 2009 PRIVATE equity firm Blackstone is preparing to break up its investment in the Hilton hotel giant chain under plans to realise value from the group. The plans, which come ahead of debt repayments three and four years away, are believed to be at an early stage. The business is still mulling options for the hotel [...]
Rothschild to launch fund September 2, 2009 ROTHSCHILD, the fabled family-owned lender, is understood to be ready to raise a €500m (£434m) fund and has drafted in chairman David de Rothschild’s son to help launch it. Alexandre de Rothschild has joined the bank from Argan Capital – the former European private equity division of Bank of America – to provide support to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 9, 2009 FINANCIAL TIMES BAXTER BEHIND ON ORDERSBaxter, the US pharmaceuticals company, has failed to meet its pledge to rapidly deliver flu vaccine, stalling efforts to reduce the impact of the pandemic. British officials said they had received less Celvapan vaccine than agreed with Baxter, one of two companies with which the Department of Health signed a [...]
KKR leads race to grab Lehman unit August 27, 2008 Kohlberg Kravis Roberts, the high profile US private equity firm, is leading the race to buy Lehman Brothers’ investment management business, including fund manager Neuberger Berman. Lehman, headed by CEO Richard Fuld, has been fishing for suitors for up to 70 per cent of its investment management unit in order to raise cash ahead of [...]