Quentin Webb is a Reuters Breakingviews columnist, covering mergers and acquisitions, corporate finance and private equity. He is based in London. Before becoming a columnist, he was a news reporter for Reuters, where he was most recently European M&A correspondent. He has also worked as a correspondent in Brussels and as a credit-markets reporter. He joined Reuters in 2003 from Legalease, a legal publisher. He has a first-class degree in psychology from University College London. Follow Quentin on Twitter @qtwebb
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The Italian fashion house is sizing up outside investors and reckons it can triple in value in 3 years. There is real potential, because Versace is so far behind industry trends. But a big price tag for a skimpy stake alongside a powerful family? That’s a hard look to pull off.
The UK publisher is selling Mergermarket to private equity at an enterprise value of 382 mln stg - far more than it paid for the news and data firm. Loyal subscribers, good cashflows, and potential bolt-on deals are probably bigger draws for the buyer than any M&A resurgence.
The private equity-backed maker of feather-filled winter jackets is preparing a Milan IPO of up to $1.1 bln. Entrepreneurial Chairman Remo Ruffini has built an impressive business, with plenty of growth potential. But the price looks rich set against established luxury brands.
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- Tarkett’s Russian heft could prove an IPO weakness
- Vodafone's $11 bln spending spree only goes so far
- BT buys its way into TV sport’s top rank
- Deutsche Tel has big M&A calls to make
- Alcatel-Lucent picks a good time to raise equity
- Numericable will be a harder sell than rivals