China makes Kalahari bid December 8, 2011 Kalahari Minerals has agreed to a £662m takeover by China Guangdong Nuclear Power Corp, as the nation continues its acquisition spree in a bid to meet its spiralling energy needs. AIM-listed Kalahari, which is the top shareholder in one of the world’s largest uranium projects, had been in talks with the state-owned firm before Japan’s [...]
Low’s on a high after fixing double energy deals October 17, 2011 NOT that many bankers have experienced the satisfaction of closing an M&A deal this year, as markets have proved volatile. Yet Jeremy Low of RBC Capital Markets found himself on the advisory side of two completed deals in less than a week recently when he advised Dominion Petroleum on its £118m sale to Ophir Energy [...]
United Utilites says revenues are on the up September 22, 2011 UNITED Utilities Group, Britain’s largest listed water utility, said it had traded in line with its expectations with higher first-half revenue offset by rising operating expenses. The British utility said it was on track to meet targets and would accelerate £100m of previously agreed pension deficit payments to provide a higher investment return. United Utilities’ [...]
United Utilites says revenues are on the up September 22, 2011 UNITED Utilities Group, Britain’s largest listed water utility, said it had traded in line with its expectations with higher first-half revenue offset by rising operating expenses. The British utility said it was on track to meet targets and would accelerate £100m of previously agreed pension deficit payments to provide a higher investment return. United Utilities’ [...]
Colfax weighs in with £1.5bn Charter offer September 12, 2011 US industrial giant Colfax raised the stakes in the battle for Charter International yesterday, tabling a formal bid valuing the company at £1.5bn and gaining the backing of Charter’s board. Colfax, which makes industrial pumps and valves, tabled a 910p per offer with 80 per cent in cash and the rest in its shares, trumping [...]
Colfax weighs in with £1.5bn Charter offer September 12, 2011 US industrial giant Colfax raised the stakes in the battle for Charter International yesterday, tabling a formal bid valuing the company at £1.5bn and gaining the backing of Charter’s board. Colfax, which makes industrial pumps and valves, tabled a 910p per offer with 80 per cent in cash and the rest in its shares, trumping [...]
Deutsche beginning to make its presence felt September 12, 2011 NOTWITHSTANDING worries over the Eurozone and jitters about the state of the investment banking sector, there were some happy bankers at Deutsche Bank yesterday. Deutsche is the lead adviser on US group Colfax’s £1.5bn bid for Charter that was made yesterday, higher than a rival bid from the UK group Melrose. There are not many [...]
Britain’s Sage loses out to US firm in race for Australian IT company August 21, 2011 BRITAIN’S Sage has lost out in the race to buy Australian software firm MYOB, after it was beaten by a US private equity house. Bain Capital has agreed to purchase the accounting software company for about $1.3bn (£790m), trumping both Sage and private equity outfit Kohlberg Kravis Roberts. Sage was forced to abandon its bid [...]
Britain’s Sage loses out to US firm in race for Australian IT company August 21, 2011 BRITAIN’S Sage has lost out in the race to buy Australian software firm MYOB, after it was beaten by a US private equity house. Bain Capital has agreed to purchase the accounting software company for about $1.3bn (£790m), trumping both Sage and private equity outfit Kohlberg Kravis Roberts. Sage was forced to abandon its bid [...]
Sage eyes $1bn Aussie rival August 16, 2011 SAGE is in the running to buy Australian accountancy software company MYOB (Mind Your Own Business) in an increasingly rare example of a UK-based firm attempting to take control of a major foreign asset. It is understood Bain Capital and Kohlberg Kravis Roberts (KKR) have also placed final bids for the firm, which is expected [...]