Private Equity
Two Asian funds are nearing a deal to buy Pearson’s (PSON.L) English-language school business after trumping a rival bid from private equity firm MBK Partners, sources told Reuters.
2 min read · 30 October 2017
Germany’s Continental AG (CONG.DE) is in advanced talks to buy Israel’s Argus Cyber Security, whose technology guards connected cars from hacking, for about $400 million, Israeli media reported on Monday.
2 min read · 30 October 2017
The owners of Germany’s HSH Nordbank received binding offers from private equity groups Apollo (APO.N), Cerberus and J.C. Flowers by a deadline on Friday as part of its EU-enforced privatization, sources told Reuters.
2 min read · 30 October 2017
Fund manager BlackRock Inc (BLK.N) and private equity firm Blackstone Group (BX.N) are planning to open offices in Saudi Arabia, encouraged by the investment opportunities offered by the kingdom, Crown Prince Mohammed bin Salman told Reuters.
2 min read · 27 October 2017
Razer Inc, a gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka-shing, plans to launch on Monday an up to $550 million Hong Kong initial public offering, IFR reported on Friday, citing people close to the deal.
1 min read · 27 October 2017
Silicon Valley business software startup Zenefits and its cofounder Parker Conrad have been fined nearly $1 million by the U.S. Securities and Exchange Commission as part of a settlement over charges that they misled investors, Reuters reported.
2 min read · 27 October 2017
Doughty Hanson’s business services firm TMF Group said it will be sold to private equity firm CVC Capital Partners for 1.75 billion euros ($2 bln), ending its plans to list on the London Stock Exchange.
2 min read · 27 October 2017
Canadian debt issuance climbed 12 percent to a record in the first nine months of 2017, helped by deals from Canada Housing Trust and a major maple bond from Apple, bucking a weak trend in mergers and acquisitions (M&A) and equity deals as Canadian companies slowed the pace of their outbound deal-making, Reuters reported. Debt deal volumes rose to $140.5 billion in the period, while M&A and equity deals dropped more than a fifth, according to Thomson Reuters data released this week. High valuations and uncertainty surrounding U.S. regulations and trade policies held back Canadian buyers from acquiring overseas assets, bankers said. But the maple bond market, in which foreign companies sell Canadian dollar-denominated debt, attracted a slew of blue-chip companies.
3 min read · 03 October 2017
Private equity group Permira has bought a stake of at least 10 percent in payments firm Klarna, one of Europe's most highly valued tech startups, the companies said on Friday.
1 min read · 21 July 2017
Canadian merger and acquisition activity in the first nine months of the year touched their highest level since the financial crisis, buoyed by several big-ticket deals across a range of sectors, Reuters reported, citing data from Thomson Reuters. M&A deal value jumped 17 percent to US$209.7 billion in the period, up from US$178.9 billion from a year ago, according to Thomson Reuters data. It was the best first nine months since 2007.
2 min read · 06 October 2016
