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Debt feast helps buyout firms through IPO gloom

BREAKINGVIEWS-Debt feast helps buyout firms through IPO gloom The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Neil Unmack LONDON, Oct 7 (Reuters Breakingviews) - Private equity groups like KKR KKR.N and Blackstone BX.N might soon get a helping hand from credit markets. With initial public offerings looking tricky, some buyout barons are instead using debt to get some cash out of their portfolio companies.
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British Business - Oct. 2

PRESS DIGEST-British Business - Oct. 2 Oct 2 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - British luxury brand Mulberry MUL.L , rejected retailer Frasers' FRAS.L , 83 million pounds ($110.32 million) takeover proposal saying its majority shareholder did not support the bid and that it undervalued the company.
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D'Ieteren - Belron Launches 6.25 Billion Euros Term Loans

BRIEF-D'Ieteren - Belron Launches 6.25 Billion Euros Term Loans Sept 23 (Reuters) - D'Ieteren Group SA IETB.BR : BELRON LAUNCHES SYNDICATION OF C. EUR 6.25 BLN (EQUIVALENT) TERM LOANS LOANS ISSUANCE IS EXPECTED TO HAVE A 7-YEAR MATURITY FURTHER CONTEMPLATES INCURRENCE OF ADDITIONAL SENIOR SECURED DEBT IN COMBINED AGGREGATE PRINCIPAL AMOUNT OF UP TO
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Auction Technology, Compass, D'Ieteren Group

EUROPE RESEARCH ROUNDUP-Auction Technology, Compass, D'Ieteren Group Sept 17 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Auction Technology, Compass Group and D'Ieteren Group on Tuesday. HIGHLIGHTS * Auction Technology Group Plc ATG.L : JP Morgan raises to overweight from neutral * Compass Group CPG.L : RBC cuts to sector perform from outperform * D'Ieteren Group SA IETB.BR : Jefferies cuts to hold from buy * Hermes HRMS.PA : Ex
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Jefferies cuts D'Ieteren Group to 'hold' on higher debt

BUZZ-Jefferies cuts D'Ieteren Group to 'hold' on higher debt ** Jefferies downgrades D'Ieteren Group IETB.BR to "hold" from "buy" on a soaring debt following the family shareholder reorganisation ** Broker says the reorganisation will be funded through a 4 billion euro dividend from D'Ieteren Group, leading to 1.8 billion euro additional debt at ho
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