Canadian private equity fund Catalyst Capital Group recently proposed a strategic partnership with Home Capital Group Inc that would see it injecting new capital into the lender, Reuters reported, citing a Globe & Mail story. Citing sources familiar with the proposal, the Globe & Mail reported that Catalyst, an asset manager that focuses on distressed companies, had also put forward a proposed new management team for Home Capital with banking experience. The report said Catalyst is understood to have lined up support for the proposal from a group of institutional investors.
1 min read · 09 June 2017
A visit to trucking company Titanium Transportation helps explain why BlackBerry's stock is once again a darling in Canadian markets, having soared 70 percent in two months, Reuters reported. Nestled in an industrial area some 50 kilometers north of Toronto, the trucker is an early adopter of a new BlackBerry fleet-tracking service known as Radar. Radar is emblematic of BlackBerry Chief Executive John Chen's strategy for turning around the Canadian icon, by steering the company away from consumer electronics and back to its roots of selling products to businesses.
5 min read · 09 June 2017
Tivity Health Inc (TVTY.O), a U.S. provider of fitness and health improvement programs, is considering a potential sale after receiving takeover interest from private equity firms, sources told Reuters.
2 min read · 09 June 2017
SoftBank Group Corp (9984.T) said it would buy two firms that build walking robots from Google's parent company, Alphabet Inc (GOOGL.O), adding to the Japanese company's growing artificial intelligence portfolio.
2 min read · 09 June 2017
French cosmetics and luxury goods group L'Oreal (OREP.PA) has started exclusive talks to sell its The Body Shop business to Brazilian make-up company Natura Cosmeticos (NATU3.SA) in a possible 1 billion euros ($1.1 billion) deal, Reuters reported.
2 min read · 09 June 2017
Bain Capital and a Japanese state-backed fund are in talks about teaming up to bid for Toshiba Corp's (6502.T) prized chip unit, sources told Reuters.
2 min read · 09 June 2017
Canadian commercial financing company ECN Capital Corp said it would buy U.S.-based Service Finance Holdings LLC for $410 million (US$304 million) in cash, Reuters reported. The deal is expected to close in the third quarter. ECN Capital offers financial services to rail and commercial aviation markets, while Service Finance lends for home improvement projects in the United States. Founded in 2004, Boca Raton, Florida-based Service Finance is a portfolio investment of U.S. private equity firm Flexpoint Ford. Flexpoint has held a minority equity stake in the company since 2015.
1 min read · 09 June 2017
Home Capital Group has received takeover approaches led by private equity firms Onex and Brookfield Asset Management but is moving ahead with plans to stay independent, Canada's Globe & Mail newspaper reported on Thursday.
1 min read · 08 June 2017
Home Capital Group Inc has received takeover approaches led by Canadian private equity firms Onex Corp and Brookfield Asset Management but is moving ahead with plans to stay independent, Reuters reported, citing a Globe & Mail story. The Globe & Mail cited a source close to the process as saying the offers received to date were "speculative, conditional and not that attractive". It said the company was working on plans to restore its financial health, through steps including the sale of smaller lines of business.
2 min read · 08 June 2017
The founders and majority owners of Kofola CeskoSlovensko are to raise their stake in the Czech soft drinks maker to 68 percent in a series of transactions that will result in a long-term private equity investor selling out, Reuters reported.
2 min read · 08 June 2017
