Zhengzhou Coal Mining Machinery Group Co Ltd (ZMJ) (0564.HK) has teamed up with private equity firm China Renaissance Capital Investment (CRCI) to buy Robert Bosch's starters and generators business SG Holding for 545 million euros ($595 million), Reuters reported.
1 min read · 02 May 2017
Private equity firm BC Partners said it would turn the data center portfolio it acquired from CenturyLink (CTL.N) for $2.8 billion on Tuesday into a new technology company called Cyxtera Technologies.
2 min read · 02 May 2017
Australian state-owned power grid Endeavour Energy has attracted final bids from two consortiums comprised of local and foreign investors, and a decision on the expected A$4 billion (US$2.99 billion) deal could come within a week, Reuters reported. The offers from consortiums led by Macquarie Group and Hastings Funds Management for a majority stake in the utility are binding and follow weeks of due diligence. Macquarie has teamed with Canada's British Columbia Investment Management Cop, among others, while Hastings has partnered with Canada's Caisse de dépôt et placement du Québec, among others. Endeavour is being sold by New South Wales state as part of a broader privatization program.
2 min read · 01 May 2017
Shareholders of Saudi Arabia's Bodymasters are talking to banks and weighing a listing of the fitness chain on Saudi Arabia’s new parallel market, Nomu, sources told Reuters.
1 min read · 01 May 2017
Some of the world's biggest pension funds, seeking long-term returns on green investments, are scouting for deals in India's solar power sector, where Prime Minister Narendra Modi is targeting US$100 billion in investment in the next five years, Reuters reported. India estimates peak electricity demand will more than quadruple in the next two decades to 690 gigawatt, which would require rapid growth in generation and transmission capacity. That potential, helped by cheaper solar material costs and government efforts to curb pollution, is drawing global investors, including Canada's top pension fund managers: Canada Pension Plan Investment Board, Caisse de dépôt et placement du Québec and Ontario Teacher's Pension Plan.
4 min read · 01 May 2017
GSO Capital Partners, private equity firm Blackstone Group LP's (BX.N) credit arm, is acquiring more of J. Crew Group Inc's debt, hoping for a profitable trade that could also give the U.S. fashion retailer more time to stave off bankruptcy, sources told Reuters.
4 min read · 01 May 2017
Shaw Communications Inc is looking for a buyer for ViaWest, the U.S. data centre company it bought three years ago, sources told Reuters, as the Canadian cable company continues to shed assets it considers non-core. Shaw is hoping to fetch for ViaWest well over the US$1.2 billion it paid to acquire it in 2014 from U.S. private equity firms Oak Hill Capital Partners and GI Partners, the sources said, and is working with Toronto-Dominion Bank on an auction. Private equity firms or companies that specialize in data centres, such as Equinix Inc and Digital Realty Trust Inc, have been active buyers of assets.
2 min read · 01 May 2017
Party City Holdco Inc (PRTY.N), a U.S. retailer of party supplies such as balloons and costumes, is exploring a sale after being approached by a private equity firm about a leveraged buyout, Reuters reported.
2 min read · 01 May 2017
Time Inc (TIME.N) said it was "definitely" not up for sale on Friday, sending its shares and those of U.S. broadcasting and publishing group Meredith Corp (MDP.N), its most prominent suitor, sharply lower, Reuters reported.
2 min read · 01 May 2017
Twenty-First Century Fox Inc (FOXA.O) is in talks with Blackstone Group LP (BX.N) about submitting an offer to buy Tribune Media Co (TRCO.N), one of the largest U.S. television station operators, Reuters reported.
1 min read · 01 May 2017
