Commission-free trading startup Robinhood has raised $110 million in a round led by Russian billionaire Yuri Milner's investment group DST Global, valuing the company at $1.3 billion, Reuters reported.
2 min read · 26 April 2017
Venture capital investments in financial services startups are showing a geographical split, with funding for so-called "fintech" companies in the United States cooling but soaring in Europe, according to a new report out Wednesday.
2 min read · 26 April 2017
U.S. private equity firm Cerberus Capital Management LP launched a selldown of up to $446 million in railway firm Seibu Holdings (9024.T), IFR reported on Wednesday, citing a term sheet of the transaction.
1 min read · 26 April 2017
U.S. buyout firm KKR said on Wednesday it has agreed to buy Hitachi Ltd's (6501.T) chip-making equipment and video solution unit in a deal valuing the company at 257 billion yen (1.79 billion pounds), its second purchase of a Hitachi unit.
1 min read · 26 April 2017
Canada Pension Plan Investment Board (CPPIB), the country's largest pension fund manager, is exploring opportunities in the financial services, telecoms and logistics space in India as it looks to expand its bets in the South Asian economy, CPPIB Asia Pacific head Suyi Kim told Reuters. CPPIB, which has already poured over $4 billion into real estate and other investments in the country, will expand its eight-member team in India in a measured manner, as it looks boost the share of emerging markets in its overall portfolio, Kim said. Last month, CPPIB raised its stake in Kotak Mahindra Bank, India's No. 4 private sector lender, and partnered in buying an interest in mobile masts operator Bharti Infratel.
3 min read · 26 April 2017
British buyout firm Apax Partners LLP and a number of Brazilian investors have filed for regulatory permission to list information technology services provider Tivit Terceirização de Processos, Serviços e Tecnologia SA on the São Paulo Stock Exchange, Reuters reported.
1 min read · 25 April 2017
Hyland Software Inc, a U.S. business software company owned by buyout firm Thoma Bravo LLC, is nearing a deal to acquire the software division of printer maker Lexmark International Inc for nearly $1.5 billion, sources told Reuters.
1 min read · 25 April 2017
Nord Anglia Education Inc, a Hong Kong-based operator of international schools, said it would be taken private by Canada Pension Plan Investment Board and Baring Private Equity Asia in a deal that values the company at US$4.3 billion, including debt, Reuters reported. Baring has a 67 percent stake in Nord Anglia, which operates 43 schools in 15 countries. The deal includes a so-called go-shop period, during which Nord Anglia can evaluate proposals from other buyers for 30 days.
1 min read · 25 April 2017
Nord Anglia Education Inc (NORD.N), a Hong Kong-based operator of international schools, said it would be taken private by Canada Pension Plan Investment Board (CPPIB) and Baring Private Equity Asia in a deal that values the company at $4.3 billion, including debt, Reuters reported.
1 min read · 25 April 2017
Johnson & Johnson (JNJ.N), Novartis AG (NOVN.S) and Takeda Pharmaceutical Co Ltd (4502.T) are in talks with the controlling bloc of Brazilian drugmaker Hypermarcas SA (HYPE3.SA) for a buyout, sources told Reuters.
2 min read · 24 April 2017
