Fortress Investment Group LLC, the U.S. alternative asset manager to be acquired by Japan's SoftBank Group for $3.3 billion, is exploring divesting bond fund manager Logan Circle Partners, sources told Reuter.
1 min read · 28 April 2017
A group backed by KKR & Co said on Friday it would not undertake further work on a takeover offer for Australia's Tatts Group Ltd after its A$6.15 billion ($4.60 billion) cash bid was rejected by the lottery operator's board.
2 min read · 28 April 2017
U.S. software company Cloudera Inc (CLDR.N) raised $225 million in an initial public offering on Thursday, a source told Reuters, giving the company a market valuation of about $1.9 billion, a steep fall from the $4.1 billion it was once valued at in the private market.
2 min read · 28 April 2017
CVC Capital Partners has agreed to take control of Swiss watchmaker Breitling in a deal that sees another iconic Swiss brand lose independence, Reuters reported.
1 min read · 28 April 2017
A consortium led by private equity firms Hillhouse Capital Group and CDH Investments offered on Friday to buy Belle International Holdings Ltd (1880.HK) in a deal valuing the entire Hong Kong-listed shoe retailer at about $6.8 billion, Reuters reported.
2 min read · 28 April 2017
Private equity firm Apollo Global Management LLC is in advanced negotiations to acquire U.S. telephone conferencing services provider West Corp, sources told Reuters.
2 min read · 28 April 2017
Swedish air treatment group Munters, owned by private equity firm Nordic Capital, will return to the Stockholm stock market through an initial public offering (IPO) almost seven years after being taken private, it said on Thursday.
2 min read · 27 April 2017
Private equity firm KKR & Co LP posted better-than-expected earnings on Thursday as a jump in income on the back of higher investment returns lifted the bottom line, Reuters reported.
2 min read · 27 April 2017
Didi Chuxing, China's top ride-hailing firm, is set to raise up to $6 billion with a fresh injection of capital from investors including Softbank Group Corp, valuing the company at over $50 billion, Reuters reported.
2 min read · 27 April 2017
Canada Pension Plan Investment Board (CPPIB) has decided against making further investments in farmland and is open to selling its existing portfolio after reviewing the operations, sources told Reuters. CPPIB began buying farmland in North America in 2012 and has since purchased about 120,000 acres in the United States and a similar amount in Canada. The pension fund bought 115,000 acres of Saskatchewan farmland from Assiniboia Farmland LP in 2013 for $128 million and had intended to invest another $500 million in Canadian farmland over a five-year period. However, its plans met with a backlash from some local farmers who believed they would be squeezed out of buying land themselves and feared rising rents.
3 min read · 26 April 2017
