The chart below shows companies outside the U.S. riding the same industry trend as their U.S. brethren.
|
Foreign take-privates in the works |
|
Announced or reported |
Target |
Buyers |
Deal value ($mill.) |
Status |
| April 18 |
Orica Ltd. (Australian explosives maker) |
Bain Capital LLC and Blackstone Group LP |
8,300 |
Company rejected bid as too low |
| April 17 |
BCE , Inc.
(Canadian telecom) |
Canada Pension Plan Investment Board, Caisse de dépôt et placement du Québec, Public Sector Pension Investment Board and Kohlberg Kravis Roberts & Co. |
33,500* |
CPP consortium has had preliminary talks with BCE . Ontario Teachers' Pension Plan Board has mulled bidding with Providence Equity Partners |
| April 12 |
Countrywide plc
( UK real estate brokerage chain) |
Apollo Management LP |
2,080 |
Apollo increased recommended bid |
| April 12 |
Qantas Airways Ltd.
(Australian airline) |
Macquarie Bank Ltd. and TPG |
9,200 |
Bidders reduced conditions |
| April 10 |
Coles Group Ltd.
(Australian retailer) |
Kohlberg, Kravis, Roberts & Co., Carlyle Group, CVC Capital Partners Ltd., TPG, Blackstone Group LP and Bain Capital LLC |
16,000* |
PE firms reaffirmed interest despite bid from conglomerate Wesfarmers Ltd. |
| April 10 |
Alliance Boots plc
( UK pharmacy chain and distributor) |
Kohlberg Kravis Roberts & Co. versus Terra Firma Capital Partners and Wellcome Trust |
22,050
|
Stage set for bidding war after Terra Firma and Wellcome publicly confirmed their interest |
| March 23 |
Valeo SA
(French auto parts maker) |
Apollo Investment Corp. |
4,600* |
Company disclosed talks with unnamed buyout firm, reported to be Apollo |
| March 15 |
Atos Origin SA
(French information techology provider) |
Permira and Centaurus Capital |
5,200* |
Atos disclosed talks with unnamed bidders, reported to be UK PE firm and hedge fund |
Source: The Deal |
