Group of private equity funds bids $12 billion for telecom in Europe's biggest LBO ever

Article Abstract:

Nordic Telephone, a consortium of private equity funds, including JPMorgan, Deutsche Bank, Barclays Capital, and Royal Bank of Scotland, is acquiring Denmark based TDC, which is a leading telecommunication company. Consideration for the said transaction is $12 billion. So far, this is the highest amount ever paid in a leveraged buyout. Other mergers and acquisitions in the sector are also mentioned.

Europe, Acquisitions & mergers, Financial management, Organizational history, Mergers, acquisitions and divestments, Finance, Company acquisition/merger, Leveraged buyouts, Company financing, Organization formation, Private equity funds

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Record Russian IPO gets London listing

Article Abstract:

The Russian conglomerate Sistema, which is controlled by billionaire Vladimir Yevtushenkov, raised $1.35 billion last month through global depositary receipts that are listed on the London Stock Exchange. The sale, which was Russia's biggest initial public offering, was dealt by Morgan Stanley and Credit Suisse First Boston.

Securities issued, listed, Russia, Securities, Company securities, Sistema

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