Hungry mouths to feed

Article Abstract:

Financial companies are buying out food and beverage companies and this is especially evident in the United States. Clayton Dubilier acquired Kraft Foodservice for $700 million while Onex bought Martin Bower National Accounts Division for $147 million. Asset disposals have increased during the 1990s and lenders are attracted to the food sector because it generates a stable profit. There is a large amount of private equity available for these investments.

All Other Nondepository Credit Intermediation, NONDEPOSITORY INSTITUTIONS, Finance Houses, Retail industry, Retail trade, Commercial finance companies, Finance companies

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Octopus reaches for sex guide

Article Abstract:

Reed Elsevier has sold its illustrated books division to Octopus Publishing Group in a deal valued at 33 million pounds sterling. The division, which published 'The Joy of Sex', has been disposed of as part of a move to focus on information, business, professional and scientific publishing. The deal was managed by Kleinwort Benson Development Capital (KBDC).

Book Publishers, Books, Book Printing & Publishing, Publishing industry, Reed Elsevier PLC, Illustrated books, Octopus Publishing Group Ltd.

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