Lone Star buys German bank IKB
German bank IKB Deutsche Industriebank, which collapsed as a result of the sub-prime mortgage crisis, has agreed to sell a 90.8 per cent stake in its business to Lone Star, a US private equity firm.
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German bank IKB Deutsche Industriebank, which collapsed as a result of the sub-prime mortgage crisis, has agreed to sell a 90.8 per cent stake in its business to Lone Star, a US private equity firm.
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HSBC Infrastructure Company Limited (HICL), a listed infrastructure investment company, has announced it has completed the acquisition of a 50 per cent stake in the Oxford John Radcliffe Hospital PFI deal for £18 million.
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The Vitec group, an international provider of products and services for the photographic, live entertainment and broadcast industries, has acquired US Litepanels, a US manufacturer of light-emitting diode (LED)-based lights for the television, broadcast, video and film sectors.
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A major British engineering company serving the defence sector has been bought by a buy-in management buy-out team.
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Three office supplies businesses have merged to create a company with a £12 million turnover.
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Leeds-based entrepreneur Paul Ross is to expand his business after receiving a funding package of more than £1 million. The capital will allow Ross to extend his designer sunglasses range into more Wal-Mart and QVC stores.
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Fortis Bank, a provider of banking and insurance services, Old Mutual, a UK-based international savings and wealth management company, and Tianjin TEDA Investment Holding have entered into an agreement for Old Mutual to acquire the 49 per cent stake that Fortis holds in ABN AMRO TEDA Fund Management.
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The values of mergers and acquisitions in the eurozone have fallen by almost half so far this year compared with the same period in 2007.
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Fortis Bank, a provider of banking and insurance services, Old Mutual, a UK-based international savings and wealth management company, and Tianjin TEDA Investment Holding have entered into an agreement for Old Mutual to acquire the 49 per cent stake that Fortis holds in ABN AMRO TEDA Fund Management.
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The values of mergers and acquisitions in the eurozone have fallen by almost half so far this year compared with the same period in 2007.
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Nobel Investments, an AIM-listed coin dealer and auctioneer, has revealed its plans to buy Apex Philatelics, a Surrey-based trader and auctioneer of postage stamps, for up to £1.25 million.
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The Nordic Capital Fund VI has bought global tinting systems provider CPS Color Group for an undisclosed sum.
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US-based broker Arthur J. Gallagher continues the trend of consolidation in the financial services sector with the acquisition of fellow broker Wm. W. George and Associates. The deal amount was undisclosed. For more deal headlines click here
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ArcelorMittal, the world's biggest steel producer, has agreed to buy iron ore miner London Mining Brazil from parent company London Mining, for up to $810 million (£435.2 million) to help improve its self-sufficiency in raw materials. The company was also considering investing another $700 million (£376.4 million) to increase production.
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