Some six months after his visit to Donald Trump's Manhattan mansion cheered investors, Masayoshi Son, Japan's richest man, is set to follow his friend to Saudi Arabia as the new U.S. president makes his first overseas trip since taking office.
2 min read · 19 May 2017
Chinese private equity investor CDH Investments is selling a 6 percent stake in WH Group Ltd (0288.HK), the world's largest pork supplier, in a deal that will raise up to $743 million, according to a term sheet seen by IFR.
1 min read · 19 May 2017
U.S investment firm Starwood Capital has put French crystal maker Baccarat (CDBP.PA) up for sale and the best offer so far has come from a Chinese group, French daily L'Agefi said on Friday, citing several sources.
1 min read · 19 May 2017
Suitors including private equity firms KKR & Co LP, Bain Capital and U.S. chip maker Broadcom Ltd are lining up for Toshiba Corp's semiconductor business, sources familiar with matter said ahead of a deadline for second-round offers on Friday.
3 min read · 19 May 2017
Canada Pension Plan Investment Board (CPPIB), one of the world's biggest infrastructure investors, is regularly losing out in bidding wars for such assets, as investors seek alternatives to low-yielding government bonds, Reuters reported, citing CPPIB's chief executive. CPPIB is one of the world's biggest investors in infrastructure such as roads, bridges and tunnels but its CEO Mark Machin said high valuations were making it harder to do deals in the current environment. "We are consistently outbid for assets around the world because they are really priced almost to perfection and there's an enormous amount of capital chasing infrastructure, particularly in developed markets," Machin said.
2 min read · 18 May 2017
Australia's oldest newspaper publisher Fairfax Media Ltd said it has received a takeover bid worth as much as A$2.87 billion (US$2.13 billion) from a second U.S. private equity firm, sending its shares sharply higher, Reuters reported. The surprise offer from buyout firm Hellman & Friedman values Fairfax at A$1.225 to A$1.25 a share, compared to an earlier offer from TPG Capital Management and Ontario Teachers' Pension Plan Board of A$1.20 a share. The Sydney-based publisher said it would allow both suitors to conduct due diligence "to explore whether a potential whole of company proposal is available".
2 min read · 18 May 2017
Private equity fund PAI Partners has put its majority stake in Belgian specialist lighting company ADB Safegate up for sale and mandated Credit Suisse and Rothschild to find a buyer, sources told Reuters.
1 min read · 18 May 2017
North American budget hotel chain La Quinta Holdings Inc (LQ.N) is preparing to explore a sale of the company, hoping for a high valuation as its seeks to spin off its real estate assets, Reuters reported.
2 min read · 18 May 2017
Swiss trading giant Glencore and U.S. private equity investor Carlyle Group have teamed up in an attempt to buy Morocco's only oil refinery, hoping to recoup about $600 million in loans they issued to the plant before it went bankrupt, industry sources told Reuters.
3 min read · 18 May 2017
Venture capitalists have poured $18 million into a startup that is helping to digitize the long-haul trucking industry, the latest sign that Silicon Valley is eager to take a piece of a $700 billion-a-year sector that has long relied on pencil and paper, Reuters reported.
2 min read · 18 May 2017
