Private Equity
Luxury British carmaker Aston Martin has cut the upper end of its initial public offering price range to 20 pounds per share, giving it a potential market value of up to 4.6 billion pounds ($6 billion), following mixed feedback from investors, Reuters reported.
2 min read · 01 October 2018
Buyout groups Bain and Cinven, which last year took control of German generic drugmaker Stada (STAGn.DE), said on Monday they planned to buy the remainder of the shares at a higher price and delist the company, Reuters reported.
1 min read · 01 October 2018
Honeywell International Inc (HON.N), which makes everything from jet engines to thermostats, said on Monday it will buy Germany-based Transnorm for about 425 million euros ($492.8 million) from IK Investment Partners to boost its presence in the warehouse automation market.
1 min read · 01 October 2018
Information technology provider Cognizant Technology Solutions Corp (CTSH.O) is in talks to buy application developer Softvision for about $550 million to boost Cognizant’s digital business, sources told Reuters.
2 min read · 28 September 2018
Funding Circle (FCH.L) struggled to shine on its 1.5 billion pound ($2 billion) market debut on Friday as the British peer-to-peer lending platform tested investor appetite for both large listings and financial technology firms, Reuters reported.
2 min read · 28 September 2018
Westwing, the “home and living” company backed by Germany’s Rocket Internet (RKET.DE), said on Thursday it had set the price range for its planned initial public offering at 23 to 29 euros per share.
2 min read · 27 September 2018
US government agencies have opened the door to bigger, more highly leveraged loans backing private equity buyouts after clarifying that supervisory guidance is not a rule in mid-September, Reuters reported.
3 min read · 27 September 2018
Payments startup Stripe said on Wednesday it has raised $245 million in funding, better positioning the company to expand to new markets globally and attract bigger customers, Reuters reported.
2 min read · 27 September 2018
Hong Kong-based private equity group PAG said on Wednesday a unit of the firm had launched a HK$5.24 billion ($671 million) unsolicited takeover bid for Spring Real Estate Investment Trust (REIT).
2 min read · 26 September 2018
Anbang Insurance Group Co Ltd aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group LP (BX.N), about two years after buying them from the U.S. investment firm, sources told Reuters.
2 min read · 26 September 2018