Reuters News

Lavazza buys Kicking Horse Coffee from Swander Pace: Reuters

Italian coffee maker Lavazza said this week it bought 80 percent of Kicking Horse Coffee in a deal valuing the Canadian company at $215 million, Reuters reported. Under the deal, Elana Rosenfeld, who founded the Invermere, British Columbia-based organic coffee brand in 1996, will own the remaining 20 percent and will continue to run the company as chief executive. The seller was U.S. private equity firm Swander Pace Capital. Swander Pace partnered with Rosenfeld in 2012 and made the investment through its Branch Brook Holdings partnership with Jefferson Capital Partners and United Natural Foods Inc.

Miner thinks small to resurrect big Canadian iron ore mine: Reuters

Champion Iron Ltd is thinking small with its plans to bring Québec's giant Bloom Lake iron ore mine back to life, Reuters reported. CEO Michael O'Keeffe intends to slash costs while cutting millions of tonnes from a planned production expansion. The strategy runs counter to the traditional economy of scale formula, which bumps up production for proportional cost savings. U.S. private equity firms Wynnchurch Capital and Resource Capital Funds invested $30 million in Champion last year.

Italy's Lavazza buys 80 percent of Canada's Kicking Horse Coffee: Reuters

Italian coffee maker Lavazza said on Wednesday it had bought 80 percent of Kicking Horse Coffee in a deal valuing the Canadian company at C$215 million ($160 million), Reuters reported.

Delivery Hero set to list before summer break, say sources: Reuters

Online food takeaway firm Delivery Hero is set to float before the summer break in a deal valuing one of Europe's biggest start-ups at up to 4 billion euros ($4.5 billion), sources told Reuters.

Microsoft to buy cyber security firm Hexadite for $100 million, says report: Reuters

Microsoft has agreed to acquire cyber security firm Hexadite for $100 million, Israeli financial news website Calcalist reported on Wednesday.

Austria's BAWAG eyes flotation, possibly as early as autumn, say sources: Reuters

BAWAG PSK is preparing an initial public offering (IPO) that could value the Austrian bank at up to 5 billion euros ($5.59 billion) and take place as early as autumn, sources told Reuters.

Cinven revives plans to list German truck parts maker Jost, say sources: Reuters

Buyout group Cinven is reviving plans to list German truck and trailer parts maker Jost on the Frankfurt stock exchange, sources told Reuters.

Fidelity & Guaranty to be bought for $1.84 billion: Reuters

strong>CF Corp (CFCO.O), a blank check company founded by veteran dealmaker Chinh Chu, said on Wednesday it would buy U.S. annuities and life insurer Fidelity & Guaranty Life (FGL.N) in an all-cash deal valued at about $1.84 billion, Reuters reported.

Apollo Global in advanced talks to buy jobs website CareerBuilder: Reuters

rivate equity firm Apollo Global Management LLC (APO.N) is in advanced talks to acquire U.S. job-hunting website CareerBuilder LLC after negotiations with another buyout firm ended unsuccessfully, Reuters reported.

Nord Anglia sounds out investors on LBO financing: Reuters

Investors are being consulted on a US$2.2 billion-equivalent debt financing backing the acquisition of Hong Kong-based international schools operator Nord Anglia Education, banking sources told Reuters. Nord Anglia said it would be taken private by Canada Pension Plan Investment Board and Baring Private Equity Asia on April 25, in a deal that values the company at US$4.3 billion, including debt. Global coordinators Deutsche Bank and HSBC, alongside bookrunners Credit Suisse and Macquarie, are leading the financing, which is being shown to a select group of investors before launching for general syndication, the sources said.