Italy picks Certares-led bid for exclusive ITA Airways talks

Italy picks Certares-led bid for exclusive ITA Airways talks

Italy has picked a group led by U.S. private equity fund Certares, backed by Air France-KLM and Delta Air Lines Inc, for exclusive talks on buying a majority stake in ITA Airways, the Treasury said on Wednesday. The offer, details of which were not made public, would...
Extension given to the deadline for £1.4bn Biffa takeover

Extension given to the deadline for £1.4bn Biffa takeover

Private-equity firm Energy Capital Partners (ECP) has been granted an extension to the deadline for tabling an offer to take over the UK waste management group Biffa. Two months ago, Biffa confirmed it received a £1.36 billion takeover proposal from ECP. Today, Biffa...
EQT raises private equity fund in tough market

EQT raises private equity fund in tough market

Swedish private equity firm EQT AB has raised about €15bn so far for its new flagship fund despite wider economic and fundraising headwinds. The buyout firm has received commitments for about 70pc of the fund’s maximum cap of €21.5bn by the first close, according to a...