Catherine Badour

Platinum Equity lines up US$1.9 billion of debt for J&J diabetes care unit bid: Reuters

Private equity firm Platinum Equity’s US$2.1bn offer to acquire blood glucose monitoring systems maker LifeScan, Inc from US health care products company Johnson & Johnson is backed by US$1.875bn of loans, sources told Reuters.

Rio Tinto to sell Kestrel mine for $2.25 billion: Reuters

Rio Tinto (RIO.AX) (RIO.L) sold its remaining coal asset Kestrel in Australia to private equity manager EMR Capital and Indonesia’s Adaro Energy Tbk (ADRO.JK) for $2.25 billion, the major said on Tuesday, making good on a pledge to exit the fuel.

Immofinanz says bid by Starwood is too low: Reuters

Immofinanz (IMFI.VI) dismissed a bid by U.S. private equity firm Starwood Capital Group for a stake in the Austrian property group, saying the price it was offering was too low, Reuters reported.

Macquarie Group unit buys stake in UK's Westermost Rough wind farm: Reuters

Britain’s Green Investment Group (GIG), a Macquarie Group (MQG.AX) unit, said on Tuesday it acquired a 25-percent interest in the Westermost Rough offshore wind farm from Marubeni Corporation (8002.T).

Abraaj may sell part of investment management business: Reuters

Private equity firm Abraaj Group is considering selling part of its investment management business as it seeks to stem the fallout from a dispute with investors in one of its funds, Reuters reported.

Winn-Dixie operator Southeastern Grocers files for bankruptcy: Reuters

Southeastern Grocers LLC, the Florida-based operator of supermarket chains Winn-Dixie and Bi-Lo, said on Tuesday it filed for Chapter 11 bankruptcy protection to restructure debt, Reuters reported.

Yeti Holdings withdraws IPO plans: Reuters

Yeti Holdings Inc YETI.N, a U.S. maker of “built-for-the-wild” coolers, said on Monday it has withdrawn its initial public offering, citing current “market conditions."

Buffett-backed USG rejects buyout offer from Germany's Knauf: Reuters

U.S. building products maker USG Corp (USG.N), backed by Warren Buffett, rejected an unsolicited buyout offer from its second-biggest shareholder, Germany’s Gebr Knauf KG, saying the offer substantially undervalued the company, Reuters reported.

CVC among private equity firms eyeing British telecoms group Daisy, say sources: Reuters

Private equity firms including CVC Capital Partners are eyeing bids for Daisy Group in an auction that could value the British telecoms business at about 1 billion pounds ($1.41 billion), banking sources told Reuters.

Smartsheet hires banks to prepare for IPO, say sources: Reuters

Smartsheet Inc, a U.S. vendor of software used by corporate employees to collaborate on projects, has hired investment banks for an initial public offering (IPO) that could value it at about $1 billion, sources told Reuters.