PE-backed AUTO1 shares go into top gear in Frankfurt debut

PE-backed AUTO1 shares go into top gear in Frankfurt debut

Shares in used-car trading platform AUTO1 raced ahead in their stock exchange debut on Thursday, as Germany’s first big initial public offering of the year was snapped up by tech-hungry investors. The shares opened in Frankfurt at 55 euros a share – 45% above...
Private equity firm TDR Capital ups bid for Arrow Global

Private equity firm TDR Capital ups bid for Arrow Global

Private equity firm TDR Capital has made a fourth offer for European investor and asset manager Arrow Global, TDR said on Monday, at a price of 305 pence per share. TDR’s three previous bids for Arrow, which buys defaulted customer accounts from retail banks and...
L Catterton Inches Ahead in $5 Billion Birkenstock Bidding

L Catterton Inches Ahead in $5 Billion Birkenstock Bidding

L Catterton, the private equity firm backed by luxury French fashion house LVMH, is starting to pull ahead in the bidding for iconic German sandal maker Birkenstock, people with knowledge of the matter said. Birkenstock’s owners are currently focusing on negotiations...