French private equity fund Apax Partners has clinched a deal to buy a majority stake in Italian consultancy Business Integration Partners (BIP) for more than 200 million euros ($248 million), a source told Reuters.
1 min read · 15 March 2018
E-commerce giant Alibaba Group Holding Ltd (BABA.N) is working on a plan to list on a stock exchange in its home country, China, the Wall Street Journal reported on Thursday, sources told Reuters.
1 min read · 15 March 2018
IHeartMedia Inc filed for Chapter 11 bankruptcy on Thursday as the largest U.S. radio station owner reached an in-principle agreement with creditors to restructure its overwhelming debt load, Reuters reported.
2 min read · 15 March 2018
Bankrupt Toys ‘R’ Us Inc is preparing to sell or close all 885 stores in its U.S. chain, risking up to 33,000 jobs, after failing to reach a deal to restructure billions of dollars in debt, Reuters reported.
3 min read · 15 March 2018
Industrial Property Trust Inc (IDDP.PK), a portfolio of U.S. industrial properties valued at around $3.3 billion, is exploring options, including a potential sale or equity recapitalization, Reuters reported.
2 min read · 15 March 2018
French investment firm Tikehau Capital (TKOO.PA) has agreed to buy into the forthcoming flotation of DWS, the asset management company being listed on the stock market by Deutsche Bank (DBKGn.DE), Reuters reported.
1 min read · 14 March 2018
Commodities merchant Noble Group (NOBG.SI) has finalized a restructuring agreement with a group of senior creditors holding 46 percent of its debt, and is in talks with others, as it races to launch a deal crucial to its survival, Reuters reported.
3 min read · 14 March 2018
Most Chinese investors expect regulators to relax rules on initial public offerings (IPOs) by technology companies, and would like to invest in such domestic listings, the Shenzhen Stock Exchange said on Wednesday, citing a recent survey.
1 min read · 14 March 2018
A lawyer for investors in Lynn Tilton’s distressed debt empire told a U.S. judge on Tuesday that his clients plan to challenge her plan to use a bankruptcy filing to end years of legal battles over her private equity portfolio, Reuters reported.
2 min read · 14 March 2018
Chinese bike-sharing firm Ofo has raised $866 million in new funding led by Alibaba Group Holding Ltd, in what it said was the largest investment garnered in a single round by a bike-sharing startup.
1 min read · 13 March 2018
