Alberta oil and gas land sales have reached levels not seen since 2014 thanks to a rush to buy land in an oil-rich pocket of the Duvernay shale play that was until recently written off as being uneconomic, Reuters reported. Vesta Energy, one of two private companies leading the land purchases, last week secured $305 million in financing led by private equity firms Riverstone Holdings and JOG Capital. Resurgent land prices are a rare bright spot for Canada's energy industry, dominated by northern Alberta's oil sands projects, a sector that global companies have withdrawn from this year because of high costs and slow returns on capital.
3 min read · 26 May 2017
Web.com Group Inc, a U.S. provider of internet domain name registration that also helps businesses build websites, is in talks with private equity firms after receiving takeover approaches, sources told Reuters.
2 min read · 26 May 2017
Samsung Electronics said it would set up a 500 billion won ($445 million) fund to help small suppliers, the highest-profile South Korean firm to unveil steps in the wake of new President Moon Jae-in’s call to protect small businesses.
1 min read · 26 May 2017
21st Century Oncology Holdings Inc, which bills itself as the world's largest operator of cancer treatment centers, filed for Chapter 11 bankruptcy on Thursday, citing changes in insurance reimbursement rates and uncertainty caused by political changes, Reuters reported.
2 min read · 26 May 2017
Paper manufacturing company Lecta, owned by British private equity firm CVC Capital Partners, said on Friday it intended to list on the Spanish stock exchange and raise around 315 million euros ($353.49 million) by issuing new shares.
1 min read · 26 May 2017
Vertex Holdings, the venture capital arm of Singapore state investor Temasek Holdings (Pte) Ltd, expects to raise two separate funds for investments in Israel and the United States in 2018 after deploying most of the capital of existing funds there, its chief executive said on Friday.
2 min read · 26 May 2017
Canadian equity markets risk being swamped with oil sands company shares this year as Royal Dutch Shell and ConocoPhillips prepare to offload $6.8 billion worth of stakes in two domestic producers, just months after acquiring them, Reuters reported. The companies acquired shares in Canadian Natural Resources Ltd and Cenovus Energy as part of deals struck earlier this year to sell off oil sands assets. With Canadian producers spending heavily this year on buying up fleeing majors' assets, there is a limited list of potential domestic buyers for the sale. The shares could attract interest from hedge funds, private equity and institutional investors if priced at a discount to the market price, energy sector analysts said.
3 min read · 25 May 2017
Saudi Telecom Co's (STC) $500 million venture capital fund expects to complete its first transaction by the fourth quarter of this year, the fund's chief executive said in Riyadh on Thursday, Reuters said.
1 min read · 25 May 2017
Brown-Forman Corp (BFb.N), the maker of Jack Daniel's whiskey, said on Wednesday it was not for sale, following a media report that Corona beer maker Constellation Brands (STZ.N) had offered to buy the company, Reuters reported.
1 min read · 25 May 2017
Highly valued security firm Tanium Inc is allowing its co-founder, employees and some early investors to sell $100 million of stock to private equity and venture funds in a secondary sale that eases internal pressure for a public offering, Reuters reported.
2 min read · 25 May 2017
