Private Equity
U.S. buyout firm TPG Capital Management LP won an auction for the Brazilian power transmission assets of Spain’s Abengoa SA, a source told Reuters.
1 min read · 14 December 2017
Chinese consumer lending firm Lexinfintech has slashed the size of its U.S. initial public offering by two-thirds to a maximum possible $151.8 million, following a recent crackdown by Beijing on fast-growing online micro-lenders, Reuters reported.
2 min read · 14 December 2017
Goldman Sachs Infrastructure Partners, London-listed 3i Infrastructure (3IN.L) and Finnish pensions insurance company Ilmarinen are selling Finnish power grid company Elenia Oy to Allianz Capital Partners (ALVG.DE), Australian infrastructure investor Macquarie (MQG.AX) and the State Pension Fund of Finland, , Reuters reported.
2 min read · 14 December 2017
Hong Kong’s Li & Fung Ltd said it would divest its furniture, beauty and sweaters businesses for $1.1 billion to a consortium backed by private equity firm Hony Capital, a deal that is expected to trigger net loss in 2017.
2 min read · 14 December 2017
Danske Bank (DANSKE.CO) has decided to buy the Danish pension assets of Sweden’s SEB (SEBa.ST) in a $1 billion deal to create Denmark’s largest commercial pension fund, Reuters reported.
1 min read · 14 December 2017
The Rockport Group is exploring its options, including a possible sale, after one of the U.S. footwear maker’s major debtholders took ownership of the company, Reuters reported.
2 min read · 14 December 2017
Next Orbit Ventures (NOVF) ESDM, a newly established Abu Dhabi-based fund, said on Wednesday it had launched a $2 billion fund to invest in India’s semiconductor and electronics industries.
1 min read · 13 December 2017
Blackstone Group (BX.N) has hired seasoned dealmaker Atsuhiko Sakamoto from Bain Capital to build a corporate buyout team in Japan in a bid to broaden its focus beyond property deals in the country, sources told Reuters.
2 min read · 13 December 2017
Mobile payment solutions firm iZettle said on Wednesday it had raised 40 million euros ($47 million) in funding, bringing in one of Sweden’s largest pension funds as a new investor as it prepares for a listing.
1 min read · 13 December 2017
Investment banks are vying to work with potential buyers or the French government on the sale of its majority stake in Aeroports de Paris (ADP) , sources told Reuters, in one of the largest infrastructure deals expected to come to market in 2018.
3 min read · 12 December 2017