CVC Capital Partners News

Nestle's Peter Brabeck has been installed as Formula One chairman following a Monaco board meeting, it is being reported.

MONTE CARLO, Monaco: Formula One supremo Bernie Ecclestone on Friday indicated that a planned flotation of the sport on the Singapore stock exchange may have to be delayed due to the global economic crisis.

Harry Sloan, the former chairman of the MGM film studio, has emerged as a potential bidder for a stake in Nine Entertainment, the Australian media company.

Private equity firm CVC Capital Partners will cut its ownership stake to about 30 percent in the Formula One motor racing business after the company's up to $3 billion IPO by selling shares on the public market, sources said on Thursday.

The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Thursday: ** U.S. media executive Harry Sloan has approached private equity firm CVC Capital Partners to buy a controlling stake in its asset, Australia's debt-ridden Nine Entertainment, a source with direct knowledge of ... (more)

Formula One Group, the motor racing franchise owned by private equity firm CVC Capital Partners Ltd., plans to raise about $450 million for itself by selling new shares as part a $3 billion initial public offering in Singapore, Bloomberg reports citing two people with knowledge of the matter.

U.S. media executive Harry Sloan has approached private equity firm CVC Capital Partners to buy a controlling stake in its asset, Australia's debt-ridden Nine Entertainment, a source with direct knowledge of the matter said.

PRIVATE equity firm CVC Capital Partners has sold a 21 per cent stake in Formula 1 to a group of investors for $1.6 billion in cash as the motor racing series gears up for a flotation next month.

Reuters is reporting from Asia that CVC Capital Partners has sold a $1.6 billion stake in Formula One to three investors, including BlackRock, one of the world's pre-eminent asset management firms.

Singapore has cleared the sale of Formula One shares for more than US$2.5 billion in one of the world's biggest flotations this year, reports said on Tuesday, with pre-marketing to begin immediately.

Motor racing business Formula One will start pre-marketing for its up to $3 billion Singapore initial public offering, writes Reuters .

Formula One's plans to raise as much as $3 billion by selling shares has reportedly been approved by the Singapore stock exchange.

EQT Partners AB and the duo of BC Partners Ltd. and CVC Capital Partners Ltd. have advanced in the bidding for German bandages-supplier BSN Medical, one of the largest assets being sold by a financial investor in Germany this year, according to people familiar with the matter.

Plans to float Formula One may finally get the green light in the coming weeks, a proposed listing in Singapore giving investors a chance to buy a chunk of the business behind the high-speed motor racing tour.

Sun Hung Kai & Co. , the Hong Kong- based financial services company backed by CVC Capital Partners Ltd., hired Standard Chartered Plc and UBS AG to help arrange bond investor meetings in Hong Kong and Singapore, according to a person familiar with the matter, who asked not to be identified because the details are private.

CVC Capital Partners to acquire Nordic construction products and machinery distributor Ahlsell from Cinven and Goldman Sachs Capital Partners -- Luxembourg-based paper producer Lecta to aquire the Italian business Polyedra from Australian paper manufacturer Paperlinx -- British packaging company DS Smith to acquire the recyclyed packaging ... (more)

Bids for Montagu Private Equity's portfolio company BSN Medical are due next week, people familiar with the situation told Dow Jones Newswires on Wednesday.

Infrastructure fund Global Infrastructure Partners to acquire a stake in the Transitgas pipeline from Belgian gas transport company Fluxys - Dow Europe Holding, a unit of U.S. company, Dow Chemical Company, to aquire joint control of carbon products company Aksa Karbon which is now solely controlled by Turkish conglomerate Aksa Akrilik -- Spanish ... (more)