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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 5.730+3.4%Mar 17 3:59 PM EDT

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To: richardred who wrote (3556)11/25/2014 1:26:52 PM
From: richardred   of 7148
 
SIG Deal Shows Private Equity’s Desire for Big Leveraged Buyouts in Europe
By Christopher Hughes and Olaf Storbeck November 25, 2014 11:53 amNovember 25, 2014 11:53 am


Buyout firms are also circling the plastics business to be divested by Bayer, the German drug maker.Credit Ina Fassbender/Reuters


Breakingviews
Private equity’s hunt for large European targets has landed a rare catch. The leveraged buyout of Switzerland’s SIG Combibloc for 3.75 billion euros, or $4.7 billion, has demonstrated that financial sponsors can still stretch to get a sizable transaction done.

SIG is a classic private equity asset. There’s little glamor to the business, which makes packaging for the food and beverage industry and is the world’s No. 2 after Tetra Pak.

dealbook.nytimes.com
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