Private Equity
FAW Car Co Ltd (000800.SZ) said on Sunday it was taking a 10 percent stake in Chinese bicycle-sharing startup Mobike’s new car-sharing unit Mobike Chuxing Technology Co.
1 min read · 08 January 2018
Three private-equity investors have submitted bids for German state-backed HSH Nordbank, a person familiar with the matter said, as the EU-enforced privatisation of the lender is nearing the finishing line, Reuters reported.
1 min read · 08 January 2018
Australian surfwear seller Billabong International Ltd (BBG.AX) agreed to a buyout from its top shareholder and major lender Oaktree Capital Management LP on Friday, in a deal valuing the company at about A$197.7 million ($155 million), Reuters reported.
2 min read · 05 January 2018
China Vanke Co’s commercial unit SCP Group said on Friday it would purchase 20 shopping malls in the country owned by Singapore’s CapitaLand for 8.4 billion yuan ($1.30 billion).
1 min read · 05 January 2018
Alphabet Inc’s (GOOGL.O) Google has joined an investment in Chinese live-stream mobile game platform Chushou that brings the startup’s total funding to $120 million, as the U.S. firm eyes new inroads to China where its search engine is blocked, Reuters reported.
2 min read · 05 January 2018
Hong Kong’s Henderson Land Development Co Ltd (0012.HK) has signed an agreement to sell an office tower for HK$9.95 billion ($1.27 billion), a spokeswoman said on Friday, and the buyer is a China-backed firm, according to Hong Kong’s Companies Registry.
1 min read · 05 January 2018
A group of investors led by Brookfield Business Partners LP said on Thursday it would buy bankrupt nuclear services firm Westinghouse Electric Co from Toshiba Corp for about $4.6 billion.
1 min read · 04 January 2018
Wi-Fi equipment maker Mojo Networks is eyeing a stock market listing in about two years and expects annual sales to hit $100 million by then, the company’s co-founder Pravin Bhagwat said.
1 min read · 04 January 2018
Europe’s largest privately held biotech company, Germany-based BioNTech, has raised $270 million to support its work in developing personalized immunotherapies for cancer, ahead of an expected eventual stock market flotation, Reuters reported.
2 min read · 04 January 2018
China’s ride-hailing application Didi Chuxing has agreed to acquire a majority stake in Brazilian app 99, newspaper Valor Economico said on Wednesday, citing sources familiar with the talks.
1 min read · 03 January 2018