Monthly M&A Insider - Mergermarket

Expected deals
Pipeline of UK expected deals
Situation Target company Sector Potential
bidder
company
Rumoured
Takeover
Target
Rumoured
Takeover
Target
Rumoured
Takeover
Target
Royal Mail Group
Limited
Financial
adviser to
bidder (B);
target (T); seller
(S)
Transportation TNT NV Rothschild
(T); UBS
Investment
Bank (V);
Seller company Market cap/
est. value (€m)
Government of
the UK
10,017 (Size
of Royal
Mail pension
deficit)
Comments
UK
On 8 April 2009 TNT, the listed Dutch mail
and express company announced that
it isinterested in a minority stake in UK
rival Royal Mail. The potential bid will be
discussed duringshareholders’ meeting
and TNT’s interest in Royal Mail will be
officially announced afterwards.
TUI Travel Plc Leisure Air Berlin 2,929 Air Berlin, the listed German airline, is in
advanced negotiations with TUI Travel,
the UK-listed German travel group,
with respect to a potential strategic
cooperation regarding the German aviation
business. The proposed cooperation
includes an affiliate of TUI Travel acquiring
a minority stake of up to 20% in Air
Berlin and Air Berlin acquiring then same
percentage in TUIfly. Air Berlin would also
take over some of the route portfolio of
TUIfly.
La Senza Limited Consumer Theo Paphitis
(private
investor)
Lion Capital
LLP
110 (Previous
sale price for
La Senza,
2006)
Orchid Business Computing, a private
UK IT solutions provider, is receiving
approaches from industrial investors every
month, founder Brett Critchley said.
Monthly M&A report – 103