Reuters: Market News: Deals of the day -- mergers and acquisitions

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Deals of the day -- mergers and acquisitions Apr 11th 2012, 10:01 April 11 | Wed Apr 11, 2012 6:01am EDT April 11 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Wednesday: ** Bain Capital LLC said on Tuesday it is considering raising $6 billion to $8 billion for a new global buyout fund and offering investors up to three options on fees it charges to manage the money, according to two people with direct knowledge of the matter. ** Indonesia will find it difficult to block DBS Group's $7.2 billion bid to take over Bank Danamon based on current rules but any rejection could be a big blow to investor sentiment, the chief executive of the Singapore lender said. ** Japanese drug maker Takeda Pharmaceutical said on Wednesday it will buy U.S. specialty drug company URL Pharma Inc for an upfront payment of $800 million with possible additional payments based on future performance. ** Private equity firm CVC Capital Partners will pay around HK$5 billion ($644 million) to buy telecom and broadband assets of City Telecom H.K. Limited, the Hong Kong-listed company said on Wednesday, in Asia's largest private equity-backed deal this year. ** Qatar National Bank has made a revised, higher bid for Denizbank, the Turkish unit of stricken Belgian lender Dexia, four sources familiar with the matter said on Wednesday. Dexia is understood to be looking for up to $4 billion for the bank. ** Volkswagen's luxury-car division Audi plans to announce the acquisition of Ducati next week, having completed a due diligence assessment of the Italian motorcycle maker, two people familiar with the matter said. ** Dutch engineering firm Arcadis on Wednesday said it would acquire Davis Langdon & Seah, an Asia-based cost and project management consultancy with a leading position in most of the region's markets. ** Thomas Cook Group Plc has given an unnamed French bank the mandate to sell its Thomas Cook France unit as part of a strategic review, French website La Tribune.fr reported on Wednesday citing a source close to the matter. ** Private-equity funds including Carlyle Group and Sequoia Capital are in separate talks to invest about $40 million to $50 million in JSM Corp, which operates the Indian franchises of Hard Rock Cafe and California Pizza Kitchen, two sources with knowledge of the matter said. ** Travelzoo Inc, a publisher of travel newsletters and websites that has seen its shares plunge 75 percent since July last year, is planning to sell itself, three people familiar with the matter said. The company has a market value of $336.1 million. ** Schlumberger Ltd, the world's largest oilfield services company, will sell its piping and fitting unit to National Oilwell Varco in a cash deal, the firms said on Tuesday. ** Carlyle Group LP, the private equity firm with $147 billion in assets under management, is planning to sell a 10 percent stake in its upcoming initial public offering, a source familiar with the matter said on Tuesday. Link this Share this Digg this Email Reprints

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