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Intermediate Capital Share News (ICP)
Share News for Intermediate Capital (ICP)
| Share Price: 480.50 | Bid: 480.60 | Ask: 480.80 | Change: 0.00 (0.00%) |  | ||||||
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Cinven wins EU approval to buy patent firm CPA
Thu, 15th Mar 2012 16:15
BRUSSELS, March 15 (Reuters) - Private equity firm Cinven secured EU regulatory approval on Th
Cinven unveiled the deal, which values CPA at 950 million pounds ($1.49 billion), in January.
Jersey-based CPA looks after the intellectual property of anything from software to recipes for cereals for customers from chemical engineering firms to pharmaceuticals and telecoms groups.
The European Commission said in a statement had no major competition concerns related to the acquisition.
'The Commission approved the transaction in particular because there is no overlap between the activities of CPA and any of the companies in the Cinven portfolio, and the limited vertical relationships which are existing between the parties are not capable to cause any anticompetitive effect,' it said. ($1 = 0.6376 British pounds)
(Reporting by Foo Yun Chee; editing by Rex Merrifield) Keywords: CPA CINVEN/EU
(foo.yunchee@thomsonreuters.com)(+32 2 287 6844)(Reuters Messaging: foo.yunchee.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
BRUSSELS, March 15 (Reuters) - Private equity firm Cinven secured EU regulatory approval on Th
ursday to acquire patent business CPA from Intermediate Capital Group (ICG).
Cinven unveiled the deal, which values CPA at 950 million pounds ($1.49 billion), in January.
Jersey-based CPA looks after the intellectual property of anything from software to recipes for cereals for customers from chemical engineering firms to pharmaceuticals and telecoms groups.
The European Commission said in a statement had no major competition concerns related to the acquisition.
'The Commission approved the transaction in particular because there is no overlap between the activities of CPA and any of the companies in the Cinven portfolio, and the limited vertical relationships which are existing between the parties are not capable to cause any anticompetitive effect,' it said. ($1 = 0.6376 British pounds)
(Reporting by Foo Yun Chee; editing by Rex Merrifield) Keywords: CPA CINVEN/EU
(foo.yunchee@thomsonreuters.com)(+32 2 287 6844)(Reuters Messaging: foo.yunchee.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
ICG profit falls on low realisations, higher provisions
May 22 (Reuters) - Intermediate Capital Group, a provider of mezzanine financing, said full-year profit fell 25 percent due to lower realisation of ga[Wed 06:53]
TEXT-S&P summary: Intermediate Capital Group PLC
(The following statement was released by the rating agency) Jan 18 - ==========================================================[18 Jan '13]
RESEARCH ALERT-Intermediate Capital: Deutsche Bank raises price target
Jan 16 (Reuters) - Intermediate Capital Group PLC: * Deutsche Bank raises price target to 322p from 298p For a summary of rating acti[16 Jan '13]
RESEARCH ALERT-Intermediate Capital: SocGen cuts to hold
Jan 8 (Reuters) - Intermediate Capital Group PLC: * SocGen cuts to hold from buy; raises target price to 345p from 335p For a summary[8 Jan '13]
RESEARCH ALERT-Intermediate Capital: Deutsche Bank cuts to hold
Nov 22 (Reuters) - Intermediate Capital Group PLC: * Deutsche Bank cuts to hold from buy; price target to 298p from 320p For a s[22 Nov '12]
RESEARCH ALERT-Intermediate Capital: Shore cuts to hold
Nov 21 (Reuters) - Intermediate Capital Group PLC: * Shore cuts to hold from buy For a summary of rating actions and price target cha[21 Nov '12]
RESEARCH ALERT-Intermediate Capital: Citigroup raises target price
Nov 20 (Reuters) - Intermediate Capital Group PLC: * Citigroup raises target price to 275p from 250p; rating neutral For a summary of[20 Nov '12]
RESEARCH ALERT-Numis cuts Intermediate Capital Group to hold
Sept 28 (Reuters) - Intermediate Capital Group PLC: * Numis cuts Intermediate Capital Group PLC to hold from buy For a summary o[28 Sep '12]
