Royal Bank of Canada is providing the £1.07bn financing backing private equity firm Silver Lake’s £2.2bn acquisition of ZPG (ZPG.L), owner of online property platforms Zoopla and PrimeLocation, Reuters reported.
1 min read · 11 May 2018
Silver Lake is buying Zoopla and PrimeLocation owner ZPG (ZPG.L) for 2.2 billion pounds ($3 billion), landing the Daily Mail publishing group a 642 million pound windfall for cashing out of online property portals, Reuters reported.
3 min read · 11 May 2018
Asmodee Group, the French maker of board game Catan and distributor of Pokemon cards in parts of Europe, is exploring a sale that could value it at more than 1.5 billion euros ($1.7 billion), sources told Reuters.
1 min read · 10 May 2018
Buyout firm Advent International Corp has hired Morgan Stanley to sell its stake in the loyalty program of airline Avianca Holdings SA, sources told Reuters.
1 min read · 10 May 2018
French insurer AXA SA’s (AXAF.PA) initial public offering (IPO) of its U.S. division raised $2.75 billion on Wednesday by pricing at $20 per share, below its targeted range of $24-$27 per share, the company said.
2 min read · 10 May 2018
Property manager Azora Altus (AZRA.MC) is dropping its planned market debut and postponing a listing on the Spanish stock exchange amid uncertainty arising from Blackstone’s (BX.N) bid for its Hispania (HIS.MC) real-estate business, Reuters reported.
1 min read · 10 May 2018
Chinese fashion-focused e-commerce platform Meili Inc is seeking $500 million in an initial public offering targeted for the second half of this year, sources told Reuters.
2 min read · 09 May 2018
Private equity-backed cyber security firm Avast is set to price its initial public offering at 250 pence a share, a bookrunner source on the deal said on Wednesday, at the bottom of a 250-270 pence price range set earlier, Reuters reported.
1 min read · 09 May 2018
Chinese online healthcare solutions platform WeDoctor, which is backed by tech giant Tencent Holdings Ltd (0700.HK), said on Wednesday it had raised $500 million from several investors, valuing the firm at $5.5 billion ahead of a listing this year.
2 min read · 09 May 2018
U.S. online survey company SurveyMonkey Inc has hired investment bank JPMorgan Chase & Co (JPM.N) to help lead preparations for an initial public offering (IPO) that could come later this year, sources told Reuters.
2 min read · 09 May 2018