http://www.financierworldwide.com/ Financier Worldwide is a leading publisher of news and analysis on the global corporate finance market place. With leading products such as the monthly print publication, Financier Worldwide Magazine, the organisation has become recognised as a leading source of intelligence to the corporate dealmaking community. en-uk http://www.financierworldwide.com/article.php?id=6311(09 March 2010) Kabel Deutschland, Germany’s largest cable company, is reportedly considering selling €700m ($954m) of shares, which would value the privately-held company at about €2.5bn, according to sources cited by various reports. The floatation would also...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6310(09 March 2010) Centaur Gaming, the company that owns Hoosier Park casino and horse track in Indiana, has announced on Monday that it would file for Chapter 11 bankruptcy protection, and plans to put its Colorado casino up for sale as it is faced with about $574m...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6309(09 March 2010) Waste management group Shanks has announced that talks over a possible sale of the business to the Carlyle Group, the private equity firm, have collapsed. It indeed told the Financial Times that the buyer was willing to pay 120 pence per share in...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6308(09 March 2010) US casino operator Tropicana Entertainment Inc. announced on Monday that it emerged from Chapter 11 bankruptcy protection under a $200m deal backed by billionaire investor Carl Icahn, explains Reuters. Mr Icahn and his affiliates own about 47...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6307(09 March 2010) Sanofi-Aventis and Merck have agreed to combine the former’s Merial unit and Merck’s Intervet/Schering Plough (ISP) to created an industry leader in the animal health market, estimated to be worth around $19bn. Reuters says that Sanofi will pay...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6306(09 March 2010) Spanish banking giant Santander is in pole position to acquire 320 branches put up for sale, in the UK, by the Royal Bank of Scotland (RBS). However, the Times reports that such a buyer, already with cemented interests in the UK, would not provide...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6305(08 March 2010) The remains of HBOS’s distraught investment portfolio could be divested over the next few days reports the Times. HBOS Integrated Finance, the collapsed bank’s collection of investments in a number of sectors, including entertainment and leisure, is...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6304(08 March 2010) Indian conglomerate Essar is in discussions with Denham Capital, a US private equity firm, about acquiring its mining company, Trinity Coal, for around $600m. Essar, which Reuters says is controlled by billionaire brothers Shashi and Ravi Ruia, is...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6303(08 March 2010) Energy giants Royal Dutch Shell and PetroChina have made a joint offer of around A$3.7bn for Australia’s Arrow Energy, underlining their strategy to become major players in the county’s coal-bed methane gas sector. The Financial Times reports that...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6302(08 March 2010) Private equity firm CCMP Capital has agreed to acquire database Infogroup Inc. for about $460m, according to the Wall Street Journal (WSJ), citing people familiar with the situation. The WSJ explained that US-based Infogroup had hired investment...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6301(08 March 2010) Trade magazine publisher Penton Media Inc., which owns about 113 magazines, announced on Friday that it received court approval of its reorganisation plan, and therefore expects to exit Chapter 11 bankruptcy protection within a few days.1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6300(08 March 2010) Dubai World, the struggling conglomerate, is expected to put its debt plan to lenders this week, in an attempt to restructure about $22bn in debt, according to the Financial Times, citing people familiar with the situation. Dubai...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6299(05 March 2010) SouthWest Water Co. announced it had agreed to be taken private by a group of institutional investors, including JPMorgan Asset Management and Water Asset Management LLC, for about $275m in cash. According to a statement, the company explained that...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6298(05 March 2010) Almost two years on from the launch of a fund aimed at infrastructure investments, New York-based private equity firm KKR has so far failed to announced any major investors, nor has it made any significant acquisitions. “Infrastructure is a...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6297(05 March 2010) Affiliated Media Inc., the holding company for MediaNews, won court approval for its restructuring plan, which is aimed at cutting debt by 81 percent, or $751m, through a debt-for-equity swap. This plan will also give lenders a majority of the...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6296(05 March 2010) China’s second largest insurer, Ping An, says it is not concerned by the agreed deal which will see UK insurer Prudential acquire AIG’s Asia unit, AIA. Ping representatives told Reuters that they did not believe Pru’s acquisition of the unit would...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6295(05 March 2010) A group of Tribune Co. creditors have filed a lawsuit against the banks behind the publisher’s 2007 leveraged buyout, claiming the $8bn in funding they arranged for the transaction drove the company into bankruptcy, reports Bloomberg.1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6294(05 March 2010) Failed insurer American International Group (AIG) is a step closer to offloading its second major life insurance unit, after the Internal Revenue Service indicated that the tax issue, which had originally stifled the deal, would be smoothed over....1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6293(04 March 2010) Pacific Equity Partners (PEP), Australia’s biggest private equity firm, is reportedly planning to sell or float its Hoyts cinema chain, according to Reuters citing a source familiar with the situation. PEP has also been reported to be considering a...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6292(04 March 2010) Xerium Technologies Inc., a struggling industrial textiles manufacturer, announced on Tuesday that it was looking to cut about $150m in debt via a pre-arranged Chapter 11 bankruptcy filing supported by a steering committee of the company’s lenders.1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6291(04 March 2010) Shares in RadioShack Corp rose as much as 8 percent on speculation that the electronics chain may be subject to a takeover bid. Reuters says that the speculation prompted some investors to pick up RadioShack’s call options, which give them the right...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6290(04 March 2010) General Growth Properties Inc., the second-largest US mall owner, has announced it would have four more months of exclusivity to file its reorganisation plan and therefore exit Chapter 11 bankruptcy protection. According to the New...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6289(04 March 2010) French carmaker Peugeot Citroën says it will not assume a stake in Japan’s Mitsubishi, although it will continue to seek ways in which to cooperate. The New York Times says the announcement comes after months of talks and puts an end to hopes of...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6288(04 March 2010) British Airways (BA) says that it is looking to close its merger with Spanish carrier Iberia by the end of the month, while insisting that a potential strike by its cabin crew had not affected forward bookings. “We’re aiming to sign the merger...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6287(03 March 2010) Barclays Private Equity, the investment arm of UK bank Barclays, is expected to announce the sale of Deb Group, a maker of cleaning products, to Charterhouse for £325m. According to the Financial Times, Barclays will generate returns of 5.7 times...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6286(03 March 2010) Private equity firm Elliott Associates LP, which has about $16bn under management, announced on Tuesday it had offered to acquire the 91.5 percent of the shares it does not already own in Novell, a business software maker, for $5.75 a share. The bid...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6285(03 March 2010) The world’s largest drug maker, Pfizer, will bid in excess of $4bn for German generic drugs producer Ratiopharm, according to sources close to the talks. Bloomberg reports that Pfizer’s management could make a presentation to the target’s board as...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6284(03 March 2010) US newspaper publisher Morris Publishing Group announced on Tuesday that it emerged from bankruptcy protection, less than two weeks after a Georgia court approved its reorganisation plan. The company had filed for Chapter 11 bankruptcy protection...1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6283(03 March 2010) Swoozie’s, a US gifts and paper retailer, has filed for Chapter 11 bankruptcy protection, saying it was unable to repay or refinance its debt after being hurt by underperformance at its recently-acquired stores in the Northeast of the US.1 Mar 10 12:00http://www.financierworldwide.com/article.php?id=6282(03 March 2010) Concerns have been raised over the ability of UK insurer Prudential to close its offer for AIA, the Asian life business of AIG, after a share slide of 20 percent following the deal’s announcement. The Financial Times says that hedge funds betting...1 Mar 10 12:00