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Showing posts from July 18, 2014

UPDATE 1-Swann's SSP prices London float at lower end of revised range -Telegraph

SSP Group has priced its London float at 210 pence per share, the bottom of its revised range, giving the owner of Upper Crust and Caffe Ritazza a market valuation of just under 1 billion pounds ($1.7 billion), the Telegraph reported on Wednesday. The price range for SSP's IPO-SSPG.L initial public listing was narrowed twice, with the final refined range between 210 to 215 pence per share, the daily said, without naming sources. ( ) The company is headed by retail veteran Kate Swann. The paper had earlier on Tuesday reported that the food and beverage company's price range had been narrowed to between 210 pence per share and 230 pence per share, from between 200 pence per share and 240 pence per share. A spokesman for the company declined to comment. SSP operates food and drink outlets in airports and railway stations in 29 countries. ($1 = 0.5877 British Pounds) (Reporting by Esha Vaish in Bangalore, editing by Louise Heavens and Cynthia Osterman )

KKR plans bid with Australia's PEP for SAI Global - media

Global investment company Kohlberg Kravis Roberts & Co LP has joined with Pacific Equity Partners (PEP) to ready a joint bid for compliance company SAI Global, Australian media reported on Thursday. _0"> The two companies are said to be preparing an offer for the standards, assurance and information business, with a bid expected by the July 15 deadline, the Australian Financial Review said. PEP launched a A$1.1 billion ($1.0 billion) non-binding proposal for SAI in May, but the compliance company said other potential buyers had contacted it and decided to publish information about its business for all those interested. Reuters reported in late June that at least two other parties were interested in acquiring PEP. KKR has earmarked expansion in Australia, although a A$2.90 billion takeover offer for Treasury Wine Estates rejected in May. ($1 = 1.0629 Australian Dollars) (Reporting by Colin Packham; Editing by Richard Pullin )

Paris-based Teleperformance to buy tech firm Aegis USA for $610 mln

India's Essar Global Fund Ltd is selling the U.S. operations of Aegis, its outsourcing and technology portfolio unit, to Paris-based rival Teleperformance SA for $610 million as the European company looks to boost its presence in the United States. _0"> The sale includes Aegis' U.S. operations, the Philippines and Costa Rica. Aegis will retain its BPO business across India, Sri Lanka, Malaysia, Australia, South Africa, Peru, Argentina, Saudi Arabia and the UK, according to a statement by Essar. The business to be acquired represents total annual revenue of $400 million and more than 19,000 full-time employees across 16 centres in the three countries, Teleperformance said in a statement. Buying Aegis U.S. will significantly strengthen the Paris-based company's presence in the healthcare, financial services, travel and hospitality verticals in the United States, the company said. The transaction is expected to close in the third quarter. (Reporting by Nivedit