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Financial

Sycamore seeking substantial Staples payout

March 25, 2019

The private equity firm is hoping to recoup around $1.6 billion (€1.41 billion) through a recapitalisation of Staples Inc., that will leave the supplier with around $1 billion (€884.1 million) of additional debt. According to Bloomberg, the recapitalisation would leave approximately $600 million (€530.4 million) of equity in Staples’ corporate office supply business, which was […]

Kotak and Karvy bid for Ricoh India

January 18, 2019

Kotak Investment Advisors and Karvy Data Management Services have submitted bids to acquire Ricoh’s troubled Indian subsidiary. As the Economic Times reports, the “distressed” Ricoh India has almost Rs 3000 crore ($421.7 million/€369.7 million) in unpaid dues and owes Ricoh Japan and Ricoh Asia Pacific approximately Rs 1,500 crore ($210.8 million/€184.8 million). Kotak and Karvy […]

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