Catherine Badour

Gilead to buy Cell Design Labs for up to $567 million: Reuters

Drugmaker Gilead Sciences Inc (GILD.O) said on Thursday it was acquiring privately-held Cell Design Labs Inc for up to $567 million, giving it access to new technology platforms that would help in the development of cancer drugs.

Old Mutual unit picks banks for $3.35 billion flotation, say sources: Reuters

Anglo-South African financial services firm Old Mutual (OML.L)’s UK wealth unit has chosen Goldman Sachs (GS.N), JP Morgan (JPM.N) and Bank of America Merrill Lynch (BAC.N) to lead its initial public offering (IPO) next year, sources told Reuters.

Bain wins WPP support for $1.4 billion Asatsu-DK buy: Reuters

U.S. private equity firm Bain Capital has won enough shareholder support to complete its tender offer of Asatsu-DK Inc (ADK) (9747.T), allowing the Japanese advertising agency to end a bitter two-decade partnership with top shareholder WPP (WPP.L), Reuters reported.

Machine tool maker UGG plans Zurich IPO, banks mandated, say sources: Reuters

Machine tool maker United Grinding Group (UGG) is planning a stock market listing in Zurich next year, as its owner is hoping to take advantage of high stock market valuations, sources told Reuters.

Ardian gets bids for French engineering group Fives, say sources: Reuters

Buyout group Ardian has received binding bids for its stake in Fives, which may value the French engineering group at about 1.5 billion euros ($1.8 billion), sources told Reuters.

U.S. asset manager Federated Investors considers bid for UK's Hermes, says source: Reuters

U.S. fund manager Federated Investors (FII.N) is considering a bid for Britain’s Hermes Investment Management, a source told Reuters.

Hopu Investments raising $2.5 bln fund to tap demand for China exposure, say sources: Reuters

Chinese private equity firm Hopu Investments is targeting raising up to $2.5 billion in a new dollar fund to capitalize on the country’s state sector reforms and its growing consumer industries, sources told Reuters.

Farming startup Indigo raises $203 million with help from Dubai fund: Reuters

Farming technology startup Indigo has raised more than $200 million from investors to fund its efforts to reform how crops including wheat, soybeans, cotton and corn are grown around the world, Reuters reported.

Bridgepoint raises $6.5 bln for Europe fund, exceeding target, says source: Reuters

British private equity firm Bridgepoint , which owns fastfood chain Pret a Manger, has raised 5.5 billion euros ($6.50 billion) for European investment, exceeding its 5 billion euro target, a source told Reuters.

Chinese EV start-up WM Motor says to get funding from group led by Baidu Capital: Reuters

Chinese electric vehicle (EV) startup WM Motor Technology Co Ltd will receive a sizable injection from a group of investors led by Baidu Capital, a unit of Chinese internet search firm Baidu Inc (BIDU.O), WM Motor’s founder and chief executive told Reuters.