Pillarstone has taken over Manucor after restructuring the Italian packaging firm’s debt, the debt managing platform set up by U.S. investment firm KKR said on Thursday.
1 min read · 03 May 2018
Chinese smartphone and connected device maker Xiaomi is bringing its blockbuster initial public offering to Hong Kong, where it could raise about $10 billion in the largest listing globally in almost four years, Reuters reported.
4 min read · 03 May 2018
Buyout firm Apollo Global Management LLC (APO.N) has approached Xerox Corp (XRX.N) to express interest in a possible acquisition, casting new uncertainty over the U.S. printer company’s $6.1 billion sale to Japan’s Fujifilm Holdings (4901.T), sources told Reuters.
2 min read · 02 May 2018
The global social media movement known through the Twitter hashtag #MeToo has highlighted sexual misconduct in business, entertainment and politics, and will be on the agenda at this year’s Milken Institute Global Conference, which starts on Sunday.
3 min read · 01 May 2018
Private equity firm Lantern Capital is nearing a deal to acquire the Weinstein Company, the TV and film studio whose former chairman Harvey Weinstein faces sexual assault claims, with a $310 million offer, sources told Reuters.
2 min read · 01 May 2018
Private equity firm Permira said on Tuesday it is buying back Cisco System’s (CSCO.O) video software unit, six years after it sold the business to Cisco for $5 billion.
2 min read · 01 May 2018
Marriott Vacations Worldwide Corp (VAC.N) will buy timeshare operator ILG Inc (ILG.O) for $4.7 billion, the companies said on Monday, grabbing the chance to merge operations and brands spun out of Starwood and Marriott hotels.
2 min read · 30 April 2018
BlackRock Inc said on Monday it is hiring two specialists from Goldman Sachs Group Inc to bolster its private equity business in New York, according to a staff memo.
2 min read · 30 April 2018
Tencent Music Entertainment Group, China’s largest music-streaming company, has invited investment banks to pitch next week for a role in a U.S. IPO worth up to $4 billion, IFR reported on Monday, citing people familiar with the plans.
2 min read · 30 April 2018
Sainsbury’s has agreed to buy Walmart’s Asda for about 7.3 billion pounds ($10 billion) to create Britain’s biggest supermarket group by market share, overtaking long-standing industry leader Tesco, Reuters reported.
3 min read · 30 April 2018
