Deals Rumor Mill: AXA Private Equity, Dell, PepsiCo

Law360, New York (July 17, 2013, 2:46 PM ET) -- An investor consortium led by AXA Private Equity jacked up its bid for French caterer Elior by about $330 million, valuing the target at $4.9 billion, French newspaper Les Echos reported Wednesday. The wannabe buyers also offered to take a minority stake in the caterer if it would finesse a deal. It remained unclear whether the sweetened bid would be enough to end long-running negotiations with a sale. The company’s owners, Charterhouse Capital Partners and Chequers Capital, have stamped a $5.25 billion price tag on Elior....
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