U.S. homebuilder D.R. Horton Inc (DHI.N) said on Monday it had offered to buy 75 percent of real estate development company Forestar Group Inc (FOR.N) for about $520 million.
1 min read · 05 June 2017
Canada's Osisko Gold Royalties Ltd said it had agreed to buy a precious metals portfolio from U.S. private equity firm Orion Mine Finance Group for $1.13 billion (US$839.40 million) to expand its diamond, gold and silver asset base, Reuters reported. Osisko will pay Orion $675 million in cash and the remaining $450 million in Osisko shares. The portfolio consists of 74 royalties, streams and precious metals offtakes and will result in Osisko holding a total of 131 royalties and streams, the company said. Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ agreed to help fund Osisko's acquisition via a $275 million private placement.
2 min read · 05 June 2017
Private equity groups trying to take control of Shawbrook (SHAW.L) said on Monday they had raised their offer for the British challenger bank by just over 3 percent, as they try to convince another 5 percent of shareholders to accept the deal, Reuters reported.
2 min read · 05 June 2017
U.S. private equity group Blackstone Group said on Monday it had offered to buy all shares in Finnish real estate investment company Sponda (for about 1.8 billion euros ($2.0 billion) as it seeks to expand its real estate business in the Nordic region, Reuters reported.
2 min read · 05 June 2017
European private equity firm Investindustrial has invited the investment vehicle of Alibaba's founder Jack Ma to submit a joint bid of more than 800 million euros ($900 million) for L'Oreal's The Body Shop, sources told Reuters, just days before a deadline for final bids.
2 min read · 02 June 2017
Private equity group Blackstone (BX.N) has agreed to sell European warehouse firm Logicor to China Investment Corporation (CIC) for 12.25 billion euros ($13.8 billion), cementing China's position as a player in European private equity exits, Reuters reported.
2 min read · 02 June 2017
Chinese investment group Fortune Fountain Capital (FFC) said on Friday it has signed an agreement to buy a controlling stake in French crystal maker Baccarat (CDBP.PA) from U.S investment firms Starwood Capital Group and L Catterton.
2 min read · 02 June 2017
Blue Apron Holdings Inc, the biggest U.S. meal kit company, has filed for an initial public offering, amid increasing competition as more companies seek to deliver fresh ingredients and recipes to subscribers, Reuters reported.
2 min read · 02 June 2017
Private equity firm KKR & Co (KKR.N) said on Friday it raised $9.3 billion for its most recent Asia-focused buyout fund, more than expected and setting a record for the region as it looks for larger deals.
3 min read · 02 June 2017
Metro Bank Plc said it bought a mortgage portfolio from a company owned by U.S. private equity firm Cerberus Capital Management LP for 596.7 million pounds ($768.2 million), augmenting its loan book with primarily buy-to-let mortgages.
2 min read · 02 June 2017
