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Foreign banks left out of initial public offerings in China

Financial Times - Banking

Share of listings involving global institutions has fallen this year to lowest level in more than a decade

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L Catterton’s LVMH Mulls Over $6bn US IPO for Birkenstock

Private Equity Insights

LVMH-backed private equity firm L Catterton is looking to launch an initial public offering in the US for Birkenstock that could value the German sandal maker at over $6 billion, Bloomberg News reported Friday. Goldman Sachs Group and JPMorgan Chase & Co.

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KKR eyes $2.7bn IPO for Kokusai Electric

Private Equity Insights

operations on the Tokyo Stock Exchange, the person said, asking not to be named as the talks are not public. While it’s not yet clear how much equity will be sold to investors, the initial public offering would raise roughly $540m if the company sold a 20% stake. Recent listings in Tokyo include Rakuten Bank Ltd.’s

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Private equity-backed Savers Value Village targets $2.7bn valuation in US IPO

Private Equity Insights

Savers Value Village said it aims to raise up to nearly $320m for an initial public offering that would value the U.S. A string of share offerings, including by restaurant chain Cava Group and consumer health firm Kenvue, are reviving the IPO market, which has been hit hard in the past year by rising interest rates.

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CVC to buy Dutch infrastructure firm DIF Capital Partners for €1bn

Financial Times M&A

Private equity house seeks to extend range of investment strategies ahead of expected initial public offering

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Triton Looks to Raise €423m in IPO of German Gearbox Maker Renk

Private Equity Insights

Triton is looking to raise as much as €423m ($450m) from an initial public offering of industrial machinery maker Renk AG, adding to a late-year surge in listings activity in Germany. Renk is seeking a valuation of as much as €1.8bn from the listing, according to a statement Monday.

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EQT-backed Lima to be acquired for $850m by Enovis

Private Equity Insights

Lima is controlled by private equity firm EQT AB, which Reuters reported in May also considered an initial public offering for the company. They spoke on condition of anonymity ahead of the deal’s official announcement later on Monday. Enovis forecasts that its 2023 revenue will be about $1.7bn.