Private Equity
Blackstone Group (BX.N) has snapped up an 80-percent stake in property financing company La Trobe Financial for an undisclosed amount, in a move that will help the New York-based investment giant expand in Australia’s lucrative mortgage-lending market, Reuters reported.
2 min read · 18 December 2017
Chinese internet giant Tencent Holdings Ltd (0700.HK) said on Monday it would lead an $863 million investment in apparel platform Vipshop Holdings Ltd (VIPS.N), upping its rivalry in retail with Alibaba Group Holding Ltd (BABA.N).
2 min read · 18 December 2017
Hershey Co (HSY.N), the maker of Reese’s Peanut Butter Cups and Hershey’s Kisses, is nearing a deal to buy SkinnyPop parent Amplify Snack Brands (BETR.N) for $1.6 billion, CNBC reported on Monday.
1 min read · 18 December 2017
U.S. health insurer Humana Inc (HUM.N) is in advanced talks to acquire acute care provider Kindred Healthcare Inc (KND.N) in partnership with private equity firms Welsh, Carson, Anderson & Stowe and TPG, Reuters reported.
2 min read · 18 December 2017
Bitcoin futures received a lukewarm reception at its launch on the CME Group Inc on Sunday, although market experts believe a recent rally in the cryptocurrency has further to go, Reuters reported.
2 min read · 18 December 2017
Wood pellets producer Pinnacle Renewable Energy Inc, owned by Canadian private equity firm Onex Corp (ONEX.TO), wants to raise about C$175 million ($136 million) through a Toronto initial public offering (IPO), sources told Reuters.
1 min read · 15 December 2017
The chief of Old Mutual Global Investors (OMGI) Richard Buxton is nearing a 550 million pound buyout of the company, sources told Reuters.
1 min read · 15 December 2017
Indonesia’s Go-Jek has acquired three financial technology businesses, as it expands from ride-hailing and other mobile on-demand offerings into payments and other services, Reuters reported.
1 min read · 15 December 2017
Canada Pension Plan Investment Board (CPPIB) and Brazil’s Votorantim Group’s energy unit Votorantim Energia have formed a joint venture that will buy two operational wind parks in northeastern Brazil, they said.
1 min read · 15 December 2017
Private equity firm KKR (KKR.N) is in exclusive talks to buy Unilever’s (ULVR.L) margarine and spreads business, sources told Reuters, in a deal expected to top $7 billion.
1 min read · 15 December 2017