US private equity bids for UK companies switch to dollars

Shift away from pounds acts as protection from Brexit-related currency swings US private equity groups buying UK-listed companies have started paying in dollars rather than pounds, in a move that protects them from Brexit-related swings in sterling and passes the risk...

LVMH-Backed Private Equity Firm Closes $1.45 Billion Asia Fund

L Catterton, the $15 billion private equity firm co-founded by luxury-goods maker LVMH Moet Hennessy Louis Vuitton SE, has closed its third Asia fund to back more retail and healthcare companies across the region. L Catterton Asia 3 had a target of $1.25 billion, but...

Deutsche Bank Offloads $425 Million Loan for Fonts Maker Buyout

A group of lenders led by Deutsche Bank Group AG has managed to offload a $425 million loan for the buyout of type-font designer Monotype Imaging Holdings Inc. after laboring for weeks to find buyers, according to people familiar with the matter. The debt is among the...

Saudi Arabia’s BinDawood Picks JPMorgan, Goldman for IPO

Saudi Arabia’s BinDawood Group is working with Goldman Sachs Group Inc. and JPMorgan Chase & Co. to sell shares of its supermarket business as early as next year, according to people with knowledge of the matter. The company also picked GIB Capital for the deal, which...