|Bid||36.19 x 0|
|Ask||36.35 x 0|
|Day's range||36.10 - 36.34|
|52-week range||29.70 - 50.00|
|PE ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
Industrial gases firms Air Products and Air Liquide may bid for parts of peers Linde and Praxair that the two groups may be forced to divest in the event of a merger, Frankfurter Allgemeine Zeitung reported ...
German perfume and cosmetics retailer Douglas has appointed former Opel marketing boss Tina Mueller as its chief executive, replacing Isabelle Parize who is stepping down. Mueller, who worked in the beauty ...
A former investor in Gartmore, the asset manager, has been approached about backing a buyout of Old Mutual (Other OTC: ODMUF - news) 's £25bn fund management arm. Sky News has learnt that Hellman & Friedman, a US-based private equity firm, is among a number of parties being sounded out by Old Mutual as it tries to drum up a bumper auction of the business. A potential deal would see Richard Buxton, the star fund manager who runs Old Mutual Global Investors (OMGI), leading a buyout of the division's single-strategy operations.
Roadside recovery and motor insurance company AA (Frankfurt: A116XA - news) has fired Executive Chairman Bob Mackenzie for gross misconduct and lowered its full-year forecasts, sending its shares sliding as much as 18 percent to a record low. Mackenzie became AA's executive chairman after leading a management buy-in in June 2014, when the company also floated on the stock market having previously been owned by private equity firms Permira, Charterhouse and CVC (Taiwan OTC: 4744.TWO - news) . Some analysts said investors had been hoping Mackenzie would turn the company around and his departure could be taken badly, although others said there were tangible signs of improvements in performance coming through already.
A former boss of Marks & Spencer (Frankfurt: 534418 - news) (M&S) and an ex-Unilever (NYSE: UL - news) chief operating officer are being lined up to play key roles in the £6bn auction of Flora and I Can't Believe It's Not Butter. Sky News has learnt that Blackstone (NYSE: BX - news) and CVC Capital Partners, the private equity firms, have sought Unilever's approval to lodge a joint bid for the consumer goods giant's international spreads division. Sources said on Monday that two Blackstone executives - Marc Bolland, the former M&S and Heineken (LSE: 0O26.L - news) executive, and Harish Manwani, a Unilever veteran - will be involved in the consortium's offer.
FRANKFURT/LONDON, July 25 (Reuters) - Hong Kong's CK Infrastructure(CKI) is seen as the frontrunner to buy German metering and energy management group Ista for more than 4.5 billion euros ($5.2 billion), sources close to the matter told Reuters. CKI, part of ports-to-telecoms conglomerate CK Hutchison , made a binding offer for private equity-owned Ista on Tuesday, the sources said, adding that two consortiums considered strong contenders refrained from making final bids.
Hong Kong's CK Infrastructure is seen in the lead to buy German metering and energy management group Ista for more than 4.5 billion euros , sources close to the matter told Reuters. CKI, part of ports-to-telecoms ...
Tens of thousands of Poles came out last night to protest against a new law allowing politicians to appoint Supreme Court judges, but despite that and an EU warning that it undermines the rule of law, ...
France's Interparfums said on Tuesday that it had a 'Non Disclosure Agreement' with luxury shoe retailer Jimmy Choo and was therefore not able to discuss media reports that it was among potential bidders ...
One of America's best-known fashion retailers is vying with investors from the UK and China to seal an £800m takeover of Jimmy Choo (LSE: CHOO.L - news) , the upmarket shoe designer. Sky News has learnt that Michael Kors (Swiss: KORS.SW - news) , the New York-listed chain, has indicated that it will table an indicative bid for Jimmy Choo, which was founded by the businesswoman and socialite Tamara Mellon, ahead of a deadline later this month. Hony Capital, the Chinese private equity firm which owns PizzaExpress, is also considered likely to make an offer, as is CVC Capital Partners, the former owner of Debenhams (Frankfurt: D2T.F - news) and Formula One motor racing.
Swedish buyout group EQT has agreed to buy a 20 percent stake in Otto Bock HealthCare GmbH, valuing the German artificial limb maker at 3.15 billion euros ($3.52 billion), the two parties said on Saturday (Shenzhen: 002291.SZ - news) . EQT beat rival investor CVC (Taiwan OTC: 4744.TWO - news) , confirming a Reuters report from last month that it had emerged as the leading bidder to help the family-owned company finance further growth and prepare for an initial public offering (IPO). Otto Bock, which was founded in 1919 as a maker of prosthetics for World War One veterans, had previously said it wanted to go public in 2018 or 2019.
FRANKFURT/LONDON, June 20 (Reuters) - Metals recycler Befesa has attracted bids from several private equity groups as its owner mulls whether to list the company on the stock exchange or opt for an outright sale. CVC (Taiwan OTC: 4744.TWO - news) , Blackstone (NYSE: BX - news) and Access Industries have put in non-binding offers for the company, which is owned by buyout group Triton, the people said. One of the people said that the offers value Befesa at about 1.3-1.4 billion euros ($1.45-1.56 billion) including debt.
Euro zone shares reversed course on Tuesday after a strong start to the session as a drop in the price of oil hit energy firms and mining stocks. Germany's DAX hit a fresh record high on Tuesday, bolstered ...
German broadcaster ProSiebenSat.1 is selling Sweden-based Etraveli, with an enterprise value of 508 million euros ($567 million), to CVC (Taiwan OTC: 4744.TWO - news) Capital Partners as part of a strategic review of its online travel businesses. The deal values the online travel agency, which operates with brands Gotogate, Supersaver and Seat24, at around 14 times core profit, ProSieben said in a statement on Tuesday.
** Outsourcer Capita shares touch highest since early October, up ~1% ** Australian finserv Link Group and three buyout funds are finalizing rival offers for Capita's asset management services arm, a deal ...
NEW YORK/LONDON, June 15 (Reuters) - Australian financial services firm Link Group and three buyout funds are putting the finishing touches to their rival offers for Capita (LSE: CPI.L - news) 's asset management services arm, a deal worth up to 800 million pounds ($1.02 billion), sources told Reuters on Thursday. The British outsourcing group hired Goldman Sachs (NYSE: GS-PB - news) last year to launch an auction process for one of its units, Capita Asset Services, in a bid to raise cash and return to growth after a string of profit warnings, partly due to Britain's vote to leave the European Union.
L'Oreal's hopes of obtaining a bumper price for The Body Shop, the British-based ethical cosmetics retailer, have been dented by projections for a slump in profits this year. Sky News understands that the French beauty products giant has informed bidders for The Body Shop that earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to plunge from €80m last year to €65m (£56m) in 2017. Two of the bidders are expected to be taken through to a final round of the auction, although one banker described hopes of an €800m price tag for The Body Shop as "unrealistic".
European private equity firm Investindustrial has invited the investment vehicle of Alibaba (Berlin: AHLA.BE - news) 's founder Jack Ma to submit a joint bid of more than 800 million euros ($900 million) for L'Oreal's The Body Shop, sources familiar with the matter said on Friday, just days before a deadline for final bids. Hong Kong-based Blue Pool Capital has been asked to team up with Investindustrial and Brazil's GP Investments, one of Latin America's largest private equity firms, in making a bid for the British-based cosmetics retailer, the sources said.
CVC Capital Partners has raised a record 16 billion euros ($18 billion) for its latest fund for private equity investments in Europe and North America, it said on Thursday, highlighting a rush by investors to back buy-out deals in a search for higher returns. CVC (Taiwan OTC: 4744.TWO - news) 's bumper new fund shows how low interest rates and cheap debt have contributed to a boom in private equity fundraising since the financial crisis, supported by investors' thirst for high-yielding alternative assets. The latest fundraising by CVC, which began in January, is the largest by a European private equity firm, surpassing the $13 billion raised by Advent last year.
A Chinese healthcare company is weighing an audacious bid to gatecrash the £600m sale of the Body Shop, the British consumer products retailer. Sky News understands that Renhe Pharmacy Co has made a recent enquiry about participating in the auction of the Body Shop, which has been put up for sale by L'Oreal, the French cosmetics group. If it proceeds with a bid, Renhe would find itself competing against rival bidders including CVC Capital Partners, the former owner of Formula One motor racing, and Investindustrial, the Italian investor which owns a stake in Aston Martin.
CVC Capital Partners, one of the world's biggest buyout groups, is looking for more acquisition targets in Poland, despite some concerns over regulatory risks, CVC (Taiwan OTC: 4744.TWO - news) 's Polish head said at the Reuters Central & Eastern Europe Investment Summit. CVC entered Poland in 2015 when it bought PKP Energetyka utility from the state-owned railway firm for 1.97 billion zlotys ($529 million), including debt. The conservative Law and Justice party (PiS), which won the parliamentary election later that year, has tried to annul the transaction, saying selling assets such as PKP Energetyka contravened Poland's national security interests.
Buyout group EQT has emerged as the leading bidder for a stake in Germany's Ottobock, the world's largest maker of artificial limbs, as talks with rival investor CVC (Taiwan OTC: 4744.TWO - news) continue, people familiar with the matter said. The investors have each made an offer to take a 20 percent stake in Ottobock's core healthcare division as part of efforts to prepare the company for an eventual stock market listing, the people said. Ottobock, which was founded in 1919 as a maker of prosthetics for World War One veterans, said in January it was worth about 3 billion euros ($3.4 billion) and was being advised by JP Morgan on the sale.
Donald Trump is so keen on sleeping in his own bed that even during his gruelling presidential campaign schedule he would fly back home to New (KOSDAQ: 160550.KQ - news) York. With (Other OTC: WWTH - news) stops in Riyadh, Jerusalem and the Vatican, Trump is hoping to send "a message of unity" to followers of three of the world's greatest religions - and one presumably in sharp contrast to his efforts to limit travel from several Muslim-majority countries. There will also be face-time with world leaders at next week's G7 and NATO summits set to cover everything from fighting terrorism and climate change to debating the economy and world trade.
Sky News has learnt that TPG (Taiwan OTC: 6521.TWO - news) , which manages investments valued at more than $70bn, has joined a cluster of buyout firms examining a deal to acquire about 10% of Vice for just over $500m (£387m). The talks have been taking place for several weeks, with other prospective bidders for the minority stake including CVC Capital Partners , according to people close to the situation. One source said on Thursday that TPG - which in the UK has owned businesses including the department store chain Debenhams - was now among the frontrunners to clinch a deal with Vice.
The new power-broker in Formula One (F1) motor racing is plotting fresh changes to the sport's investor base in a move that will further distance its ownership from the era of Bernie Ecclestone. Sky News has learnt that Liberty Media Corporation, which struck an $8bn deal to gain control of F1 last autumn, is in talks to co-ordinate a deal that would involve previous shareholders reducing their stakes in its parent company. Talks about the offering of Liberty Formula One common stock to institutional investors are at an early stage, sources said on Monday, and there is no certainty that it will proceed.