Private equity giant KKR & Co LP (KKR.N) made a $1.66 billion takeover approach for Australia's embattled No. 4 internet company Vocus Group Ltd (VOC.AX), the target said, sparking a bounce in its shares which have been hit by earnings downgrades, Reuters reported.
2 min read · 07 June 2017
The owner of the Joe's Crab Shack casual dining chain filed for Chapter 11 bankruptcy on Tuesday amid falling sales, and plans to sell the company for at least $50 million to a private equity firm, according to a court filing, Reuters reported.
2 min read · 06 June 2017
British challenger bank Shawbrook Group Plc (SHAW.L) said it rejected a raised and final 868 million pounds ($1.12 billion)offer from private equity groups trying to take control of the lender, Reuters reported.
2 min read · 06 June 2017
Online food takeaway firm Delivery Hero is preparing a flotation that could value one of Europe's largest internet startups at up to 4 billion euros ($4.5 billion), raising funds to help it fend off new competitors such as Uber and Amazon (AMZN.O), Reuters reported
3 min read · 06 June 2017
Buyout firms GTCR LLC and Carlyle Group LP (CG.O) are in talks to team up and jointly acquire U.S. contract drug manufacturer and researcher Albany Molecular Research Inc (AMRI.O), sources told Reuters.
2 min read · 05 June 2017
India's ICICI Bank Ltd and Canada's Fairfax Financial Holdings Ltd will pare their stakes in joint venture insurer ICICI Lombard General Insurance Co Ltd's planned initial public offering of shares, Reuters reported. While the size and other details of the IPO will be decided at a future date, ICICI Lombard said the two shareholders had informed it of their intention to sell part of their holdings. Fairfax will own 22.1 percent of the insurer after its planned sale of a 12.2 percent stake in ICICI Lombard to an affiliate of Warburg Pincus and two other investors is completed.
1 min read · 05 June 2017
Investors led by Grupo BTG Pactual SA's Timberland Investment Group will pay about $403 million for Weyerhaeuser Inc's Uruguay timberlands and a manufacturing business, expanding the timber asset manager's presence in the South American country, Reuters reported.
1 min read · 05 June 2017
India's ICICI Bank Ltd and Canada's Fairfax Financial Holdings Ltd will pare their stakes in joint venture insurer ICICI Lombard General Insurance Co Ltd's planned initial public offering (IPO) of shares, the insurer said on Monday.
1 min read · 05 June 2017
UNTUCKit, a retailer focused on men's casual shirts that are designed to be worn untucked, said on Sunday that venture capital firm Kleiner Perkins Caufield & Byers had invested $30 million in the company's first major round of fundraising.
2 min read · 05 June 2017
Societe Generale (SOGN.PA) will sell up to 23 percent of its car leasing arm ALD Automotive in an initial public offering (IPO) this month, the French bank said on Monday, potentially raising as much as 1.6 billion euros ($1.8 billion).
2 min read · 05 June 2017
