Private Equity

Catherine Badour

China's FAW Car buys 10 percent stake in Mobike's new car-sharing unit: Reuters

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 Investors Place Bids for Germany's HSH Nordbank: Reuters

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

Boardriders Inc to buy Australia's Billabong for about $155 million: Reuters

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 unit buys 20 shopping malls from CapitaLand for $1.3 billion: Reuters

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

Google eyes Chinese e-sports market with investment in Chushou: Reuters

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 sells office tower for $1.3 billion to China buyer: Reuters

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

Brookfield Business Partners to buy Westinghouse for about $4.6 bln: Reuters

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

U.S.-based Mojo Networks eyes IPO in about two years: Reuters

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 biggest private biotech company raises $270 million: Reuters

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 Didi Chuxing buys control of Brazil's 99 app, says report: Reuters

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

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