Jefferies LLC
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EQT Partners has sold a 20% stake in Dometic Group, the Swedish maker of refrigerators and cookers for camper vans, for Skr3.6bn ($424m).
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India’s largest bourse, the National Stock Exchange, has moved a step closer to an IPO, naming four firms as joint global co-ordinators for its domestic listing.
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Indian pharmaceutical firm Laurus Labs is planning to go public this year with a Rp10bn ($149.0m) IPO, according to sources familiar with the deal.
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India’s Aditya Birla Nuvo is planning to merge with Grasim Industries and in the process spin off its financial services business, according to a statement from their parent Aditya Birla Group.
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One of the longest running and most painful sagas in global leveraged finance came to an end this week when high yield investors on Wednesday accepted Veritas Technologies’ €600m-equivalent secured seven year non-call three senior bond eight months after it was first launched. Victor Jimenez reports.
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Veritas Technologies on Tuesday began marketing a €580m-equivalent secured bond, the last leg of the debt package that supports its acquisition by private equity firm Carlyle — and that investors rejected in November 2015.
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Czech software security firm Avast had commitments due on its $1.6bn equivalent six year term loan package, following a notable price tightening, on Tuesday, yet market participants remain sceptical about the broader tech sector's trajectory in European levfin.
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Gamenet, the Italian gambling machine operator,opened a roadshow on Monday for €200m of high yield notes — the third high yield issue from an Italian borrower since the UK referendum on June 23.
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CVC Capital Partners has proved a source of comfort for leveraged finance investors this year, supporting issuance with numerous buyouts. Czech security software firm Avast is the latest to turn to the market in marketing $1.6bn of loans.
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Jefferies has hired a new managing director for its EM trading team.
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UK packaging firm Linpac is expected to launch €175m of loans in the coming weeks, a deal it has been marketing since May. The deal could be the first for a UK borrower since the country voted to leave the European Union in a referendum last Friday.
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Jefferies believes the industry stands at another inflection point, as it exploits woes at rivals and continues to snap up bulge bracket exiles, writes David Rothnie.