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Article: Carveouts Provide Opening.(News)
- Article from:
- Mergers & Acquisitions Report
- Article date:
- May 4, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Kelly Holman
As private equity investors await the return of credit, the public market doesn't have much to offer investors, at least not in the way of traditional taking-private transactions. For LBO shops willing to put in a little more work, however, public market companies are increasingly testing the waters for possible divestitures.
Sara Lee Corp., for instance, is exploring strategic alternatives for its European-based international household and body care unit, a process that will undoubtedly attract interest from financial sponsors. In March, meanwhile, Barclays Capital confirmed it is engaged in discussions to sell its iShares trading ...