Buyout firm Vintage Capital Management on Tuesday sweetened its offer for Rent-A-Center Inc (RCII.O) to $14 per share in cash, a day after the retailer ended its sale process saying it had not received a satisfactory takeover offer, Reuters reported.
1 min read · 12 June 2018
KKR (KKR.N) and Blackstone (BX.N) have been picked for a second round of bidding for Sportradar, as investor EQT looks to sell a minority stake that could value the Swiss sports data group at more than 2 billion euros ($2.4 billion), sources told Reuters.
2 min read · 12 June 2018
German online furniture retailer Home24 is expected to price its initial public offering (IPO) at 23 euros a share, giving it a market value of 625 million euros ($737 million) including an overallotment option, following its stock market flotation, Reuters reported.
1 min read · 12 June 2018
U.S.-based investment firm Neuberger Berman LLC is close to acquiring a 25 percent stake in Brazilian college Uniasselvi for $100 million, a source told Reuters.
1 min read · 11 June 2018
Japanese flea market app operator Mercari Inc’s IPO is raising up to $1.2 billion in the nation’s biggest such share sale so far this year, as the firm seeks to replicate its domestic success overseas, especially in the money-losing U.S. market.
3 min read · 11 June 2018
Pebblebrook Hotel Trust (PEB.N) said on Monday it raised its offer to acquire fellow U.S. hotel owner LaSalle Hotel Properties (LHO.N) to $37.80 per share, trumping a $33.50 per share offer from Blackstone Group LP (BX.N).
1 min read · 11 June 2018
Asset managers began fundraising for six Chinese “unicorn” funds on Monday, offering retail investors a new investment channel but potentially straining tight market liquidity, Reuters reported.
3 min read · 11 June 2018
WeBuyAnyCar owner BCA Marketplace (BCA.L) said on Monday it had rejected a preliminary 1.6 billion pound ($2.15 billion) cash takeover offer from London-based private equity firm Apax Partners, Reuters reported.
1 min read · 11 June 2018
Private equity firm KKR & Co (KKR.N) is nearing an agreement to acquire U.S. physician services provider Envision Healthcare Corp (EVHC.N) for $46 a share, or about $5.5 billion, a person familiar with the deal told Reuters on Sunday.
2 min read · 11 June 2018
Starboard Restructuring Partners and buyout firm Apollo Global Management LLC (APO.N), have proposed to invest in convertible bonds to be issued by Brazilian appliance retailer Maquina de Vendas SA, a source told Reuters.
1 min read · 08 June 2018