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Inmarsat receives new takeover offer from private equity funds

2019-03-20 08:43:00| Telecompaper Headlines

(Telecompaper) Inmarsat announced it's received another takeover bid, from a group of private equity and investment funds. The offer of USD 7.21 per share values the satellite company at around USD 3.3 billion and is a premium of 29 percent on its previous closing share price.

Tags: private offer funds equity

Le Coq Sportif bolstered by US$11m private equity investment

2019-03-19 11:57:00| Daily apparel & textile news and comment - from just-style.com

French sportswear brand Le Coq Sportif has received a EUR10m (US$11.35m) investment from private equity firm Mirabaud Patrimoine Vivant, which it says will allow it to "pursue its current industrial and sporting development".

Tags: private investment equity sportif

Last week in telecoms: private equity taking out Manx Telecom, 5G and Italy remain hot

2019-03-18 07:00:00| Telecompaper Headlines

(Telecompaper) Manx Telecom may be a small operator, its takeover by Basalt Infrastructure Partners was last week's biggest news. It adds to the growing number of constituents that we may have to drop from our Telecompaper Stock Index European Telecoms as a result of M&A activity. The Manx share ended the week up 15 percent. The TPSI European Telecoms gained 3.2 percent, benefitting mostly from the heavyweights making gains: Deutsche Telekom (+4.0%), Vodafone (+4.9%), Telefonica (+3.0%) and Orange (+4.4%). They currently represent 11.8, 7.1, 6.9 and 6.2 percent of the index, which managed to stay just ahead of the EuroStoxx 50 index (+3.1%).

Tags: private week hot taking