Goldman Sachs
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Goldman Sachs and KKR sold an 8.1% stake in Kion Group, the German forklift truck maker, on Monday evening, through an accelerated bookbuild.
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COFCO Land Holdings, the property arm of conglomerate COFCO Group, started receiving bids for its debut offshore offering on November 10. Demand for the bonds are strong with the order book in excess of $1bn by mid-morning.
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BBVA Bancomer’s subordinated tier two 15 year non-call 10 bond, which was priced on Thursday, provides a tight benchmark for Basel III issues as the market weighs up what should be an appropriate premium for the extra risk taken for purchasing the new securities, said bankers.
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With one eye on a potential bout of volatility but pricing deals comfortably, the Latin America bond market continued to climb towards record yearly volumes this week with Mexico the centre of attention.
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French telecoms group Altice announced its €7bn offer to buy the Portuguese assets of Portugal Telecom from Oi, the Brazilian telecoms company, on Monday, firing the first round in what looks to be a political bidding war.
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SEB got the additional tier one market back on to a strong footing on Thursday, selling the first AT1 from a European bank for almost two months to a rapturous reception. National Australia Bank was also active in the subordinated market, overcoming concerns over a novel structure to sell the first Basel III-compliant tier two deal from an Australian issuer in euros.
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The end of the year could take on a supranational flavour in euros as a pair of issuers mull deals. The European Financial Stability Facility is expected to bring a deal in its next window — next week — while the European Union told GlobalCapital this week it could return to the capital markets to pick up funding for Ukraine.
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RAC, the UK car recovery breakdown firm, has allocated its £1.25bn refinancing and recapitalisation loan after flexing the facility’s original issue discount in investors' favour.
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Siemens Audiology Solutions - Famar - Christ
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Alliance Boots’ £12bn leveraged buyout in 2007 was a titanic and totemic deal, which symbolised the height of the pre-crisis LBO wave. This week, the financing was done that will remove the UK pharmacy group’s name from the corporate landscape, merging it with US chain Walgreens into WBA — Walgreens Boots Alliance.
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UK challenger bank Virgin Money has received enough demand from investors to list in London next week, only a day after the start of bookbuilding.
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EQT, the private equity fund, has entered into an agreement to acquire Siemens Audiology Solutions, the hearing aid division of Siemens.