Superdiplo: big business in sight

Article Abstract:

Vista Capital de Expansion (Vista) and Charterhouse Development Capital (CDC) have each acquired 50% of Superdiplo of Spain, a supermarket operator, which has also acquired a Canary Islands supermarket business. The combined transaction is valued at 76 million pounds sterling and is one of the largest ever buyouts in Spain. Since completing the transaction Superdiplo has built or acquired 21 further outlets, and Vista and CDC have a newly increased commitment to the food retailing sector.

Charterhouse Development Capital Ltd.

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Tesco aims high to win Wm Low

Article Abstract:

Wm Low has been acquired by Tesco, following a battle between the latter and J. Sainsbury. Tesco's initial offer of 225 pence per share, which valued Wm Low at 154 million pounds sterling, was shadowed by J Sainsbury's entry at 305 pence per share. Tesco reviewed its offer and lifted it to 360 pence per share, pricing Sainsbury out of the picture. Details of how the bids emerged are given.

Investments, Tesco Stores Ltd., William Low and Company PLC

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Salomons' new man aims to defy critics

Article Abstract:

Investment bank Salomon Brothers has appointed Wieland Janssens as head of European merger and acquisition activities. The bank has recently lost five senior investment bankers to Lehman Brothers, but is becoming a leading advisor in Europe. Janssens has had extensive experience at Merrill Lynch.

Officials and employees, Investment banks, Appointments, resignations and dismissals, Salomon Brothers Inc., Janssens, Wieland

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