Private Equity
Campbell Soup Co (CPB.N) said on Thursday it would sell its international businesses and fresh refrigerated-foods unit, following a months-long strategic review and pressure from hedge fund investors to sell the whole company, Reuters reported.
3 min read · 30 August 2018
Wilsonart, the maker of countertops and other furniture-manufacturing materials whose owners include industrial conglomerate Illinois Toolworks Inc (ITW.N), is exploring a sale that could value the private company at $2.75 billion, sources told Reuters.
2 min read · 29 August 2018
Sotera Health, a private-equity owned company that operates facilities that sterilize medical products and food, is exploring a potential sale worth as much as $5 billion including debt, people familiar with the matter told Reuters on Tuesday.
2 min read · 29 August 2018
Fast-food chain operator Yum China Holdings Inc (YUMC.N) has rejected a $17.6 billion buyout offer from a consortium led by Chinese investment firm Hillhouse Capital Group, quashing what would have been one of Asia’s biggest deals this year, Reuters reported.
3 min read · 29 August 2018
Advent International, the private equity firm that acquired 80 percent of Walmart Inc (WMT.N) ‘s Brazilian operations, is going to invest 1.9 billion reais ($485.66 million) in the existing stores as part of an agreement with the world’s biggest retailer, according to a document published in Brazil’s official gazette.
1 min read · 28 August 2018
Japan’s SoftBank Group (9984.T) will invest just over $100 million in a joint venture with the international arm of China’s ZhongAn Online P&C Insurance (6060.HK), a ZhongAn executive said.
1 min read · 28 August 2018
U.S. private equity firm Energy and Minerals Group (EMG) is planning an A$1 billion ($732 million) initial public offering (IPO) of Connecticut-based Coronado Coal in Australia, sources told Reuters.
1 min read · 28 August 2018
Toyota Motor Corp (7203.T) will invest $500 million in Uber Technologies Inc to jointly work on developing self-driving cars, the companies said on Monday, a bid by both to catch up to rivals in the hotly competitive autonomous driving business, Reuters reported.
3 min read · 28 August 2018
WeWork’s Flatiron School, the coding boot camp purchased last year by the $40 billion co-working startup, has acquired Designation, a Chicago-based, for-profit design education school, the company told Reuters on Tuesday.
3 min read · 28 August 2018
Berkshire Hathaway Inc is in talks to invest about 20-25 billion rupees ($285.4-356.7 million) in India’s One97 Communications Ltd, the parent of digital payments firm Paytm, the Economic Times reported on Monday.
1 min read · 27 August 2018