Private Equity
Chinese ride-hailing firm Didi Chuxing Technology Co on Thursday said it has raised $4 billion in funds earmarked for expansion overseas and into areas such as artificial intelligence (AI), as it looks to challenge Uber Technologies Inc.
2 min read · 21 December 2017
Luxembourg-based satellite TV business M7 has successfully raised €570m ($675.68 million) of leveraged loans to refinance existing debt and pay a €125m dividend to exiting minority shareholders, sources told Reuters.
2 min read · 21 December 2017
Central and eastern European pharmacy chain Dr.Max, owned by Penta Investments, has agreed to acquire Romania’s A&D Pharma Group to become the biggest operator in the country, Penta said on Thursday.
1 min read · 21 December 2017
Chinese ride-hailing firm Didi Chuxing Technology Co on Thursday said it has raised $4 billion in funds earmarked for expansion overseas and into areas such as artificial intelligence (AI), as it looks to challenge Uber Technologies Inc, Reuters reported.
2 min read · 21 December 2017
French telecoms entrepreneur Xavier Niel is to buy a majority stake in eir, Ireland’s former state telecoms monopoly, in a 650 million-euro ($770 million) deal that takes his listed company Iliad (ILD.PA) into its second foreign market, Reuters reported.
3 min read · 20 December 2017
Orchard Therapeutics said on Wednesday it raised $110 million in the second round of funding as the drug developer looks to launch its gene therapy to treat a rare inherited disorder and beef up manufacturing facilities.
2 min read · 20 December 2017
At least three consortia, led by France’s Engie SA (ENGIE.PA), Australia’s Macquarie Group Ltd (MQG.AX) and the United Arab Emirates’ sovereign wealth fund Mubadala Development Co, delivered proposals for a Brazilian gas pipeline network owned by state oil company Petrobras, Reuters reported.
3 min read · 20 December 2017
Westpac Banking Corp (WBC.AX) said on Wednesday its unit, Hastings Management Pty, will sell its international businesses managed out of the United Kingdom and United States to London-based asset manager Northill Capital.
1 min read · 20 December 2017
The Republican-controlled U.S. House of Representatives on Wednesday was expected to give final approval to a sweeping tax bill and send it to President Donald Trump to sign into law, sealing his first major legislative victory in office, Reuters reported.
3 min read · 20 December 2017
U.S. investment firm Blackstone (BX.N) said on Wednesday it had clinched an all cash deal to buy real estate specialist Taliesin Property Fund (TPF.L) in its latest push into European real estate, Reuters reported.
1 min read · 20 December 2017