Centaur Gaming LLC, a privately owned U.S. casino and horse racing company, is exploring a sale that could value it at more than US$1 billion, including debt, sources told Reuters. Indianapolis-based Centaur is working with investment bank Deutsche Bank AG on the sale process, the sources said. Centaur is backed by Canadian private equity firm Clairvest Group, which invested in 2010. Last week, the Toronto firm made its 11th investment in the global gaming industry, putting US$73.7 million to work in Head InfoTech India Pvt Ltd.
2 min read · 05 May 2017
U.S. specialty healthcare benefits manager eviCore is exploring a sale of the company or an initial public offering, hoping for a valuation of more than $4 billion, including debt, sources told Reuters.
2 min read · 05 May 2017
Total and energy group Erg have received four bids for the Italian petrol station network they jointly own, three sources told Reuters.
2 min read · 05 May 2017
TMF Group, the Dutch operator of trust companies, is considering an initial public offering of shares after the summer, the newspaper Het Financieele Dagblad reported on Friday, Reuters reported.
1 min read · 05 May 2017
The Hong Kong stock exchange halted trading of Yingde Gases' shares on Friday, as private equity firm PAG consolidates its grip on the stock ahead of a planned delisting in coming months, Reuters reported.
2 min read · 05 May 2017
Private equity firm New Mountain Capital's Avantor will buy VWR Corp (VWR.O) for about $4.38 billion, creating a global lab equipment giant supplying everything from beakers to microscopes to the healthcare and technology industries, Reuters reported.
2 min read · 05 May 2017
SNC-Lavalin CEO Neil Bruce said Elliott Capital Advisors' stake in WS Atkins is not an "obstacle" to buying the British engineering and construction company, after the U.S. hedge fund disclosed a 6.8 percent shareholding last week, Reuters reported. Elliott said in a filing that it acquired the stake in a contracts-for-difference deal on April 21, the day after Atkins agreed to be acquired by the Canadian construction and engineering group. Bruce said SNC still plans to close the deal around the end of July.
2 min read · 04 May 2017
IHeartMedia Inc (IHRT.PK), the largest owner of U.S. radio stations, said there is substantial doubt about its ability to continue as a going concern.
1 min read · 04 May 2017
Brookfield Asset Management is joining a group of Oi SA's bondholders being advised by Moelis & Co as the Brazilian telecommunications company restructures, Reuters reported, citing a Bloomberg story. Brookfield, Canada's largest alternative asset manager, joined the steering committee of the group last week. Oi sought court protection from creditors last June on about 65 billion reais (US$20.55 billion) in Brazil's biggest-ever bankruptcy filing.
1 min read · 04 May 2017
Toshiba (6502.T) has turned down preemptive bids for its Swiss-based smart meter group Landis+Gyr, hoping for a higher price at auction, for which bankers have begun preparing debt packages of around $1 billion, sources told Reuters.
2 min read · 04 May 2017
