Exits

Ex-CEO shows interest in buying Diageo's Whyte & Mackay

A statement by investment firm Vasari said its chairman, Vivian Imerman, has shown interest in acquiring Whyte & Mackay should Diageo chose to divest them in order to comply with competition concerns.

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Industry insider prediction spot-on as Hertz-Dollar Thrifty deal fails

A Bloomberg recounted how the Federal Trade Commission's decision to approve the USD2.3 billion buyout deal by Hertz Global Holdings Inc of Dollar Thrifty Automotive Group Inc was a mistake.

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Bumi shareholders to decide on spin-off from Bakrie family

Shareholders will be casting their votes on December 4 on the two-step deal that would see Bakrie family of Indonesia exiting from coal producer Bumi Plc.

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M&C Saatchi exits Walker Media stake for GBP36 million

UK-based advertising firm M&C Saatchi divested a controlling stake of 75.1% in Walker Media for GBP36 million. M&C Saatchi sold its holding to French multinational advertising and public relations company Publicis.

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Lufthansa Technik in talks to sell aircraft maintenance facility in Ireland

US-based aviation investment firm Cloud Investment Partners is mulling over a possible takeover of Lufthansa Technik's aircraft maintenance facility in Ireland. Lufthansa Technik Airmotive Ireland is a target of a possible shutdown.

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Dublin's Amentum Capital divests 25% stake to Tokyo-based investor

Dublin-based aircraft management firm Amentum Capital Ltd has sold a 25% stake in its business to Tokyo-based investor Financial Products Group (FPG)for an undisclosed amount.

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Report says challenges plague Indian private equity industry

A report by Vivek Singla of The Economic Times compared the Indian private equity industry to a valiant warrior who is able to penetrate an enemy's circle of defense, but failed because he had no exit plan.

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US hedge fund sold stake in Britain's Co-op Bank after Paul Flowers scandal

US firm Aurelius Capital Management sold its stake in Britain's Co-operative Bank to London hedge fund Perry Capital days after the private life of the bank's former chairman, Reverend Paul Flowers, was exposed.

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Paris-based firm Veolia finalizes 50% stake acquisition held by FCC in Proactiva

Veolia Environnement announced that the purchase of the 50% stake of Fomento de Construcciones y Contratas (FCC) in Proactiva Medio Ambiente has been closed in a deal valued at EUR150 million.

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Experts urge CROs to be ready for exit of private equity

The exit of private equity from their investments in contract research organizations (CROs) could threaten its growth, says two financial experts at Partnerships in Clinical Trials.

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Versace may get new investor for Christmas, IPO to happen in future

On Thursday, Versace company president and former chief executive officer Santo Versace said there is a possibility of the Italian house to have a buyer of its 20% ownership stake by Christmas. Versace also revealed potential plans for an IPO in the future.

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Shore Capital unveils plans for new institutional-based fund next year, earns 67% IRR with Axela sale

Shore Capital Partners Managing Partner Justin Ishbia disclosed to Reuters' Private Equity (PE) Hub its plans to launch and institution-focused private equity fund next year.

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Telecom Italia taps Morgan Stanley in tower lot sale - sources

According to sources who were familiar with the deliberations, Telecom Italia SpA obtained the services of Morgan Stanley to decide on the telecommunications company's divestment of its 7,000 tower lot in Brazil.

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Bank of Japan's bond purchases can absorb a planned bond sale of Government Pension Investment Fund - dealers

Because Japan's central bank absorbs JPY7 trillion worth of debt, primary dealers of Japanese government bonds are not concerned over plans of Government Pension Investment Fund to reduce its government debt holding.

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Exxon to exit 25% stake in Iraq oilfield to PetroChina

US oil major Exxon Mobil will sign over its 25% stake in Iraq's West Qurna1 oilfield project to China's largest energy company PetroChina. Exxon previously offered to sell its entire stake in the oilfield following a disagreement with Iraq's central government.

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