Latest news with #FountainVest
Yahoo
28-07-2025
- Business
- Yahoo
FountainVest to buy major stake in Italy's EuroGroup Laminations
(Reuters) -Asian private equity firm FountainVest has struck a deal with the main shareholder of EuroGroup Laminations to buy a major stake in the Italian electric motor component maker, with a view to eventually taking it private. The two investors said on Monday that EMS Euro Management Services had agreed to sell its 45.7% stake in EuroGroup Laminations to an investment vehicle owned by FountainVest for 3.85 euros per share, a 64% premium to Friday's closing price. EMS would then reinvest 50% of the proceeds from the sale into a new holding company set up with FountainVest to own EuroGroup Laminations. The investors said FountainVest had also struck a deal to buy Tikehau Capital's 7.9% stake in EuroGroup Laminations for the same price, meaning that at the closure of the deal - expected in the first half of 2026 - the new holding would own 55.3% of the voting share capital in EuroGroup Laminations. It will then launch a tender offer for the rest of EuroGroup Laminations shares at 3.85 euros, valuing the company at 626 million euros ($730 million), with a view to delisting it from Euronext Milan. At 1010 GMT, EuroGroup Laminations shares were up almost 54% at 3.58 euros. FountainVest managing director and head of Europe Florian Almeling said the deal would support EuroGroup Laminations' global growth, "while delivering highly differentiated growth opportunities in Asia and other attractive global markets." EuroGroup Laminations specialises in stators and rotors, two core components of electric motors and generators and has eight plants in Italy and seven abroad, including in China and the United States. As part of the deal, EuroGroup Laminations CEO Marco Arduini and other top executives will be confirmed in their roles, the two investors said in a statement. ($1 = 0.8565 euros) Sign in to access your portfolio
Reuters
28-07-2025
- Business
- Reuters
FountainVest to buy major stake in Italy's EuroGroup Laminations
July 28 (Reuters) - Asian private equity firm FountainVest has struck a deal with the main shareholder of EuroGroup Laminations ( opens new tab to buy a major stake in the Italian electric motor component maker, with a view to eventually taking it private. The two investors said on Monday that EMS Euro Management Services had agreed to sell its 45.7% stake in EuroGroup Laminations to an investment vehicle owned by FountainVest for 3.85 euros per share, a 64% premium to Friday's closing price. EMS would then reinvest 50% of the proceeds from the sale into a new holding company set up with FountainVest to own EuroGroup Laminations. The investors said FountainVest had also struck a deal to buy Tikehau Capital's 7.9% stake in EuroGroup Laminations for the same price, meaning that at the closure of the deal - expected in the first half of 2026 - the new holding would own 55.3% of the voting share capital in EuroGroup Laminations. It will then launch a tender offer for the rest of EuroGroup Laminations shares at 3.85 euros, valuing the company at 626 million euros ($730 million), with a view to delisting it from Euronext Milan. At 1010 GMT, EuroGroup Laminations shares were up almost 54% at 3.58 euros. FountainVest managing director and head of Europe Florian Almeling said the deal would support EuroGroup Laminations' global growth, "while delivering highly differentiated growth opportunities in Asia and other attractive global markets." EuroGroup Laminations specialises in stators and rotors, two core components of electric motors and generators and has eight plants in Italy and seven abroad, including in China and the United States. As part of the deal, EuroGroup Laminations CEO Marco Arduini and other top executives will be confirmed in their roles, the two investors said in a statement. ($1 = 0.8565 euros)
Nikkei Asia
30-06-2025
- Business
- Nikkei Asia
Starbucks courts buyers as it weighs sale of China business
Caixin Hillhouse Capital, FountainVest and Trustar Capital among potential suitors Starbucks is struggling to maintain its share in China's highly competitive coffee market, having been overtaken by local upstart Cotti Coffee and market leader Luckin Coffee. FENG YIMING, QU YUNXU and HAN WEI, Caixin Starbucks is considering selling its China operations, signaling a strategic shift as the American coffee giant grapples with declining market share and mounting pressure from low-cost domestic rivals. According to people familiar with the matter, the Seattle-based company has recently held preliminary talks with more than a dozen potential acquirers, including private equity firms Hillhouse Capital Group, FountainVest Partners Co. Ltd. and Trustar Capital.
Bloomberg
23-06-2025
- Business
- Bloomberg
Starbucks Rises on Report It's Mulling Sale of China Business
Starbucks Corp. shares rose in late trading on Monday after Caixin Global reported the company is considering a full sale of its China business, citing people familiar with the matter. The company has held preliminary talks with more than a dozen potential partners, including private equity firms Hillhouse Capital Group, FountainVest Partners and Trustar Capital, Caixin reported.
Bloomberg
13-06-2025
- Business
- Bloomberg
Trustar Seeks Up to $1 Billion Loan for Loscam Dividend Payout
Asian private equity firm Trustar Capital is in talks with banks for an around $900 million to $1 billion loan to fund a payout to the shareholders of pallet maker Loscam Asia Pacific Co., which it owns a stake in alongside FountainVest Partners, according to people familiar with the matter. Trustar, formerly known as Citic Capital, is reaching out to regional and international banks for the loan, which could carry a tenor of five years, the people said, who asked not to be identified discussing private matters. The borrowing's details could change as discussions are ongoing, the people added.
