Private Equity - Europes Headlines

M&A boom helps push investment banking fees to highest level since 2007

LONDON - Fees earned for investment banking services rose 7 percent in 2014, representing a seven-year high, as bankers handled the greatest value of mergers and acquisitions (M&A) since 2007.

7:14pm EST

IPO bankers earn a merry Christmas with a bumper year: data


LONDON/HONG KONG - Bankers responsible for floating companies and selling new shares into the market will enjoy a well-earned rest this Christmas after their busiest year since 2007, having notched up business worth almost $865 billion in the last 12 months.

7:11pm EST

Raytheon wins $491 million U.S. contract for AMRAAM missiles


WASHINGTON - Raytheon Co has won a contract valued at $491 million to continue production of its Advanced Medium Range Air to Air Missiles (AMRAAM) for the U.S. Air Force, the Pentagon announced Monday.

Goldman sells Metro metals warehouse unit to Reuben Bros

- Goldman Sachs Group Inc has sold its controversial metals warehousing business to Swiss private equity group Reuben Brothers, the Wall Street bank said on Monday.

3:46pm EST

P&G to sell soap brands Camay and Zest to Unilever


- Procter & Gamble Co said it would sell its soap brands Camay and Zest to Unilever Plc for an undisclosed amount to focus on its faster-growing brands.

2:20pm EST

Rosneft expansion thwarted by U.S. veto on Morgan Stanley deal


MOSCOW - The ambitions of Kremlin-controlled oil champion Rosneft to boost its global reach have been reined in by U.S. authorities, which torpedoed its acquisition of a Morgan Stanley oil trading business.

Money, Deals 2:16pm EST

Germany's Gerry Weber buys Hallhuber, eyes menswear

FRANKFURT - Germany's Gerry Weber has agreed to buy fashion group Hallhuber and announced on Monday plans to return to the menswear market as part of its expansion strategy.

Deals, Germany 12:46pm EST

Carlyle and Warburg Pincus to buy credit rating agency DBRS


- Carlyle Group LP and Warburg Pincus LLC said they would buy DBRS Ltd, the world's fourth-largest credit rating agency, in partnership with a consortium of Canadian investors including the firm's founder.

12:43pm EST

CNP Assurances sells to Barclays its stake in BVP for $555 million


PARIS - CNP Assurances said on Monday it was selling to Barclays Bank its 50 percent stake in CNP Barclays Vida Y Pensiones (CNP BVP), for 453 million euros ($555 million) including a special dividend.

11:58am EST

Lilly must divest Sentinel products after FTC nod on Novartis deal


WASHINGTON - Eli Lilly and Co has won approval to buy Novartis AG's animal health unit on condition that it divests its Sentinel line of products for treating heartworm in dogs, the Federal Trade Commission said on Monday.

Health, Deals 11:55am EST

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.