Eircom ran into a wall with institutional investors as its highly paid advisers Goldman Sachs, Rothschild and JP Morgan quietly sounded them out regarding an IPO. Photograph: Eric Luke

Common sense appears to have prevailed at Eircom, with the scrapping yesterday of its flotation plans. When it first announced back in April th(...)

Treasury Wine Estates Ltd, one of the world’s biggest winemakers, received matching bids of  $3.1 billion. Photograph: Alan Betson

Two global private equity giants are set to face off in a battle for Australia’s Treasury Wine Estates Ltd after TPG Capital Management matched a $3.1(...)

Private equity is reportedly bidding up the price of housing development land in Dublin. Photograph: Frank Miller

Big international private equity companies, such as Anchorage, Oaktree Capital and Centerbridge, are betting on a continuation of house-price rises(...)

IBOA general secretary Larry Broderick urged Ulster Bank management to suspend its latest round of branch closures until the questions around the bank’s future were resolved. Photograph: Alan Betson / The Irish Times

The union representing Ulster Bank staff wants its owner and management to clarify their plans for the lender’s future following reports that a US pri(...)

Irish investment group Avoca Capital made a pre-tax profit of €20.1 million last year

Irish investment group Avoca Capital made a pre-tax profit of €20.1 million last year, its last full year of trading before it was acquired by US pri(...)

“Unless a private equity white knight comes riding over the hill, it could end up being a case of as you were [for Ulster Bank]. At least until 2016.” Photograph: Frank Miller

We now know that whatever comes of Royal Bank of Scotland’s strategic review of Ulster Bank, it won’t involve KBC Bank Ireland. At least not until (...)

Dermot Desmond: has a soft spot for football, which might help to explain his involvement. Photograph: Cyril Byrne/The Irish Times

With its debt deal incorporating a reputed €12.5 million write-off, the Football Association of Ireland (FAI) appears to have pulled off the fiscal eq(...)

Craig Farr, head of KKR Capital Markets, said KKR was keen to tap into European credit markets and Avoca was a “very good fit” given that there was little overlap in their activities in the region. Photograph: Andrew Harrer/Bloomberg via Getty Images

US private equity giant KKR has agreed a deal to acquire Dublin-based Avoca Capital for an undisclosed sum. The deal is subject to regulatory requirem(...)

Suntory  is in advanced talks to buy GlaxoSmithKline’s Lucozade and Ribena drinks for more than £1 billion. Photograph: Rui Vieira/PA Wire

Japan’s Suntory Beverage & Food is in advanced talks to buy GlaxoSmithKline’s Lucozade and Ribena drinks for more than £1 billion, in a deal that (...)

The Frankfurt stock exchange , where Springer Science shares will start trading before the summer break. Photograph: Janine Eggert/Reuters

German academic publisher Springer Science and Business Media says it plans to raise about €760 million in its initial public offering. Shares of Spr(...)