Private Equity
Mindbody Inc (MB.O), a maker of software to help run fitness and yoga studios, said on Monday it agreed to be bought by private equity firm Vista Equity Partners in a deal valued at about $1.9 billion in cash, about three years after going public.
1 min read · 24 December 2018
U.S. private equity giant KKR (KKR.N) has launched a 431.7 million euro ($493 mln) takeover offer for Spain’s Telepizza (TPZ.MC) after buying around a quarter of the fast-food restaurant chain’s shares, Reuters reported.
1 min read · 21 December 2018
Japanese asset management firm Rheos Capital Works said on Thursday that it had shelved plans for an 17.7 billion yen ($158.96 million) initial public offering (IPO) next week, saying it identified corporate governance matters that it needed to address, Reuters reported.
2 min read · 21 December 2018
The operator of South Korea’s largest food delivery app has secured a $320 million investment from Hillhouse Capital, Sequoia Capital and GIC, it said on Thursday, in a deal that values the startup at about $2.6 billion.
2 min read · 21 December 2018
Abu Dhabi-based Al Jaber Group has agreed restructuring terms for 5.9 billion dirhams ($1.61 billion) in debt, sources told Reuters, potentially ending a long-running dispute with its creditors.
2 min read · 20 December 2018
Online food delivery company Swiggy said it had raised $1 million in its latest funding round, led by South African internet group Naspers Ltd (NPNJn.J).
2 min read · 20 December 2018
Private equity firm CVC Capital Partners is planning to sell Asia’s largest funeral services provider, Nirvana Asia Ltd, in a deal that could be worth $1.5 billion to $2 billion, the Wall Street Journal reported on Wednesday, citing sources.
1 min read · 19 December 2018
SoftBank Corp (9434.T) shares sank 15 percent on debut, wiping $9 billion off their value, as investors sold off the telecoms operator after its record IPO on worries about a recent service outage and its exposure to Chinese telecoms gear maker Huawei., Reuters reported.
4 min read · 19 December 2018
Nigeria’s Access Bank has agreed to takeover mid-tier rival Diamond Bank, the lenders said on Monday, in a deal both said would create Africa’s largest bank by customers.
2 min read · 18 December 2018
A consortium led by British private equity firm Bridgepoint has made a takeover offer of 9.19 billion Swedish crowns ($1 billion) in cash for Swedish gaming company Cherry AB (CHERb.ST), Cherry said on Tuesday.
1 min read · 18 December 2018