Private Equity
Lighthouse Investment Partners LLC and Rothschild HDF Investment Solutions, a unit of Rothschild Asset Management Europe, have entered a strategic alliance to boost Rothschild’s alternative investment business, Reuters reported.
1 min read · 13 November 2017
Billionaire Microsoft co-founder Bill Gates is to invest $50 million in the Dementia Discovery Fund, a venture capital fund that brings together industry and government to seek treatments for the brain-wasting disease, Reuters reported.
3 min read · 13 November 2017
French agricultural group InVivo has agreed to buy gardening chain Jardiland to strengthen its position in a sector drawing competitors from do-it-yourself stores to internet distributors, Reuters reported.
2 min read · 13 November 2017
Uber Technologies Inc’s warring board members have struck a peace deal that allows a multibillion-dollar investment by SoftBank Group Corp to proceed, and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareholder, Reuters reported.
3 min read · 13 November 2017
General Electric Co’s (GE.N) Chief Executive John Flannery plans to disclose a road map for the company on Monday that will focus on three of its biggest business lines - aviation, power and healthcare, the Wall Street Journal reported, citing a person familiar with the matter.
1 min read · 13 November 2017
Banks have launched syndication of a €2.36bn-equivalent leveraged loan financing backing US private equity firm Hellman & Friedman’s DKr33.1bn (US$5.3bn) take-private of payments firm Nets, Reuters reported.
2 min read · 13 November 2017
Equity Commonwealth (EQC.N), a U.S. real estate investment trust (REIT) focused on office space and chaired by property mogul Sam Zell, has approached Forest City Realty Trust Inc (FCEa.N) to discuss a possible merger, Reuters reported.
2 min read · 13 November 2017
U.S. chipmaker Qualcomm Inc (QCOM.O) is making preparations to reject rival Broadcom Ltd’s (AVGO.O) $103 billion bid as early as this week, four people familiar with the matter said on Sunday, setting the stage for one of the biggest-ever takeover battles, Reuters reported.
2 min read · 13 November 2017
Tat Hong Holdings Ltd (TAT.SI), a Singapore-based supplier of cranes, said it had received a non-binding letter from Standard Chartered Private Equity (Singapore) proposing to buy shares in the company at S$0.50 apiece.
1 min read · 10 November 2017
Global asset manager Blackstone Group LP (BX.N) has reached a deal to acquire China-based cosmetics packaging firm ShyaHsin Packaging (China) Co Ltd for about $800 million to $900 million, four people with knowledge of the matter told Reuters.
2 min read · 10 November 2017