Private Capital

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Deals of the day -- mergers and acquisitions

(Updates JAT Airways, Assicurazioni; Adds Tyrrells Potato Crisps, Finmeccanica, Cablecom, Mechel, OGF)

UPDATE 1-Fortress profit soars in second quarter as funds perform

By Katya Wachtel NEW YORK, Aug 1 - Fortress Investment Group's pre-tax distributable earnings rose significantly in the second quarter as strong performance across its various fund offerings led to higher incentive income. New York-based Fortress, one of a handful of publicly traded alternative asset managers, on Thursday reported pre-tax distributable earnings climbing 196 percent to $148 million, or 30 cents per share, from $50 million, or 9 cents per share, a year earlier.

BRIEF-Investcorp buys Tyrrells Potato Crisps for 100 mln stg

Aug 1 - * Investcorp acquires tyrrells the premium crisp maker from Langholm Capital * Investcorp - deal for £100 million

Fortress profit soars in second quarter as funds perform

NEW YORK, Aug 1 - Fortress Investment Group's pre-tax distributable earnings rose significantly in the second quarter as strong performance across its various fund offerings led to higher incentive income. New York-based Fortress, one of a handful of publicly traded alternative asset managers, on Thursday reported pre-tax distributable earnings climbing 196 percent to $148 million, or 30 cents per share, from $50 million, or 9 cents per share, a year earlier. Fortress said pre-

RLPC-Pamplona gets 635 mln euros of debt for French OGF buyout

LONDON, Aug 1 - Pamplona Capital Management will acquire leading French funeral firm OGF from Astorg Partners with the help of 635 million euros ($843.18 million) of debt financing, banking sources said on Thursday.

Financials 7:36am EDT

RPT-Some Dell swing shareholders ready to compromise - sources

NEW YORK, July 31 - Some of Dell Inc's largest investors who have abstained from voting on a $24.4 billion bid led by founder Michael Dell to take the No. 3 PC-maker private told the company's board this week that they would back the deal at the buyout group's latest offer price, three sources close to the matter said.

Apollo, TPG among funds circling Gherkin tower owner IVG

LONDON/FRANKFURT, Aug 1 - Apollo and TPG Capital are among the private equity funds holding the debt of German property company IVG with a view to taking control as last-ditch talks with creditors near an end, two sources close to the situation told Reuters.

Industrials, Financials 6:36am EDT

CORRECTED-(OFFICIAL)-Private equity fundraising for emerging markets halves in H1-report

(Changes in July 31 story in para 9 the size of small funds and the number after a correction by EMPEA)

UPDATE 1-Abertis sells London's Luton for 502 million euros

MADRID, Aug 1 - Spanish infrastructure firm Abertis sold its stake in London's Luton airport on Thursday in a deal worth 502 million euros ($667 million), the latest step in a plan to divest its airport assets.

Financials 2:27am EDT

UPDATE 1-Evonik cuts outlook, to step up cost cuts

* Q2 adj EBITDA in line with view, down 23 pct vs yr-earlier

Deals

M&A ($B)

 
Inflows:
$0.653
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$6
 
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$0
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$0.65
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$0.339

Global M&A Industires ($B)

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