Search results for

The auction of Fiberweb, producer of non-woven materials for the hygiene market, has been abandoned.

Royal Bank of Scotland has won the mandate to arrange the buy-out of Inchcape Shipping Services. Istithmar, the Dubai-based investment house, is buying the world's largest independent marine management services provider from Electra Partners for $285m.

The £225m construction loan supporting O2's redevelopment of the Millennium Dome is close to completion through bookrunner Credit Suisse. Syndication of the dollar portion of the loan closed on Wednesday, while the pound piece will close on Friday. The pricing has also been reverse flexed to 325bp.

National newspaper publisher Daily Mail & General Trust has decided not to proceed with the £1.5bn sale of its regionals division, Northcliffe Newspapers, after three firm bidders failed to table a high enough offer. Interested parties included private equity firms Goldman Sachs Capital Partners, Candover and CVC.

Around 15 banks have committed to the debt supporting Blackstone and Lion Capital's Eu1.85bn buy-out of Orangina. Bookrunners JP Morgan, Citigroup and Bank of America are arranging the deal.

Syndication of the senior debt backing the buy-out Cardiff-based discount retailer Peacock has closed through mandated lead arranger Goldman Sachs. The loan was signed on February 20.

Forum Bank's $25m one year trade related loan has raised more than $50m during syndication, which will be closed next week.

Dresdner Kleinwort Wasserstein has won the mandate to arrange a refinancing of the debt backing the buy-out of Star Parks, formerly Six Flags. The debt should be for around Eu135m and consists of both senior and mezzanine facilities. The bank meeting is to take place in two weeks.

Lehman Brothers Merchant Banking has won the bid for food giant Heinz's European seafood business. Lehman's private equity arm is paying Eu425m for the company. Rabobank has been mandated to arrange and underwrite a Eu315m senior and mezzanine debt to provide acquisition and on-going working capital finance.

The bond market was reacting this week to Iceland's financial crisis, as the Icelandic króna experienced its biggest 24 hour dip in nearly five years — 4.5% — on Tuesday. On January 24, the króna was at Ikr61.15 against the dollar. Yesterday (Thursday), it was at Ikr67.34. The slide was caused by Fitch's revision of its outlook on Iceland's long term ratings to negative, which highlighted concerns over the country's current account deficit. Amid a sell-off of Icelandic assets, the effect was felt among emerging market currencies, such as the Turkish lira and Mexican peso, although these soon rallied.

Lehman Brothers Merchant Banking has won the bid for food giant Heinz's European seafood business. Lehman's private equity arm is paying Eu425m for the company. Rabobank has been mandated to arrange and underwrite a Eu315m senior and mezzanine debt to provide acquisition and on-going working capital finance.

Washington Mutual is hoping to raise as much as $2bn today (Friday) when it launches a new hybrid capital structure.