Private Equity
Westwing, the “home and living” company backed by Germany’s Rocket Internet, is expected to price its initial public offering in the upper half of its indicative price range, one of the bookrunners organizing the flotation said on Friday, Reuters reported.
1 min read · 05 October 2018
Change Healthcare LLC, a healthcare technology company majority-owned by U.S. drug wholesaler McKesson Corp (MCK.N), has hired underwriters for an initial public offering that could value it at as much as $12 billion, including debt, sources told Reuters.
2 min read · 04 October 2018
Private equity firm KKR & Co Inc and Chinese tech giant Tencent Holdings Ltd are acquiring a minority stake in the financial technology arm of Philippines’ PLDT Inc, the companies said on Thursday.
1 min read · 04 October 2018
Smiths Group (SMIN.L) said on Thursday it would buy United Flexible Inc, a U.S.-based maker of parts for aircraft engines, from private equity firm Arlington Capital Partners for an enterprise value of $345 million.
1 min read · 04 October 2018
Canadian mergers-and-acquisitions activity nearly doubled in the third quarter, fueled by deals in the mining, real estate and cannabis sectors, Reuters reported. Quarterly deal volume was up 91 percent to US$75.7 billion from US$39.6 billion in the same period last year, according to Thomson Reuters data released this week, bucking a global trend of declines in Europe and Asia. It was the strongest period for Canadian mining M&A since the second quarter of 2011. Mining deals slowed in recent years, due in part to commodity price pressures, balance sheet weakness and investor push back against miners seen as overpaying for assets.
2 min read · 04 October 2018
Glassbox, an Israeli provider of customer management technology, said on Thursday it raised $25 million in a round of financing led by Updata Partners, a software-focused growth equity firm based in Washington, Reuters reported.
1 min read · 04 October 2018
Shares in Altice Europe (ATCA.AS) rose sharply on Wednesday after Bloomberg News reported that private equity firms had expressed an interest in acquiring its fiber asset.
1 min read · 03 October 2018
Brazilian credit card processor StoneCo Ltd filed on Monday for an initial public offering (IPO) on New York’s Nasdaq, as competition speeds up among payment companies in Brazil and the economy recovers from a harsh recession, Reuters reported.
1 min read · 02 October 2018
Australia’s Latitude Financial said it has deferred a planned IPO due to market conditions and a change in leadership at the mortgage lender, while a national inquiry into financial sector misconduct clouds the outlook for the industry.
2 min read · 02 October 2018
AM General has put itself up for sale and has hired investment bank Macquarie Group Ltd to seek potential bidders in a deal that could value the builder of Humvee military vehicles at more than $2 billion, Reuters reported.
2 min read · 02 October 2018