Bosnia and Herzegovina

Buyout pass-the-parcel hands BC Partners a present

28 September 2018

The investment group is buying a stake in a $3 bln European cable company from KKR. It’s a good deal, thanks to the seller’s desire to cash out. Private equity funds’ limited investment terms mean managers can’t always choose when to sell. Longer-life funds are one solution.

China’s gentle German auto bid may work too well

25 June 2018

The Wang family, owners of a Chinese car parts supplier, made an $882 mln offer for headrest maker Grammer. A pledge to save jobs and the buyer’s size make a full takeover tricky. Yet shareholders wary of the increasingly messy governance probably won’t want to stick around.

Sleepy German investors get Bosnian alarm call

15 March 2017

An activist investor owning just 20 pct of auto supplier Grammer may win de facto control over the 626 mln euro company without paying a premium. The reason isn’t a kink in German rules, but the complacency of shareholders who rarely show up to annual meetings.