Allco Finance Group Ltd.
Allco Finance scraps a $1.5 billion deal to buy assets from Consolidated Edison Inc. and puts a swath of interests up for sale to cut debt.
Terra Firma Capital Partners-Suez SA-Biffa plc
Meanwhile, Terra Firma and Suez scrap plan to mount a rival bid for the waste manager, leaving Montagu Private Equity LLP and partners clear to complete a $3.1 billion deal.
HSH Nordbank AG-UBS
HSH Nordbank, a state-controlled lender part-owned by JC Flowers & Co. LLC, says it will file a law suit against UBS to recoup subprime-related losses.
Candover Partners Ltd.-Towergate
Candover considers buying a 25% stake in insurer Towergate, which is considering ways to boost its capital base.
Kohlberg Kravis Roberts & Co.-Mitchells & Butler plc
On the rumor front, KKR may bid for pubs operator Mitchells & Butlers. These reports have prompted M&B's chairman to step down from an advisory role at the buyout shop.
Arrow Electronics Inc.-Groupe Open
Meanwhile, French business information software developer Groupe Open agrees to sell server and systems unit Logix to Melville, N.Y.-based Arrow Electronics for $178 million.
Actividades de Construccion y Servicios SA-Hochtief AG
Spain's ACS buys another 5% of German builder Hochtief, giving it 30%, and sending the German group's stock higher.
Graphite Capital Management Ltd.-Kurt Geiger
Graphite Capital backs a $186 million buyout of Kurt Geiger, a luxury shoe chain, from owner Barclays Private Equity.
Gaz de France SA, Suez SA-Goldman, Sachs & Co., Cargill Inc.
Gdf and Suez agree to buy a Teeside, northeast England, power plant owned by Goldman Sachs and Cargill, and before that by Enron.
HDFC Bank Ltd.-Centurion Bank of Punjab
HDFC, India's third-biggest bank by market value, bids $2.4 billion for smaller rival Centurion Bank of Punjab.
Zinifex Ltd.-Allegiance Mining NL
Australian nickel miner Zinifex agrees to pay $787 million for Australia's Allegiance Mining after lifting its offer by 10%.
-The editors
See TheDeal.com story on the EC and sovereign funds
See TheDeal.com story on Allco
See TheDeal.com story on HSH
See TheDeal.com story on Biffa
See earlier story from TheDeal.com on M&B
See TheDeal.com story on Logitex
