Reuters News

Boeing forms venture group, invests in two tech startups: Reuters

Boeing Co. said on Wednesday it had launched a venture capital arm and invested in two tech startups, a fresh sign of the importance big companies see in keeping up with rapidly evolving technology for designing and making products.

Israeli automotive chip firm Valens raises $60 million: Reuters

Israeli semiconductor company Valens has raised $60 million in a financing round led by Israel Growth Partners, and including new investors Delphi, Samsung Catalyst Fund, Goldman Sachs and MediaTek, in addition to Valens’ existing investors, Reuters reported.

Munich Re leads $45 million investment in "insurtech" startup Trov: Reuters

HSB Ventures Inc, the venture capital subsidiary of German reinsurer Munich Re, has led a $45 million investment in Trov, a U.S.-based technology startup that provides on-demand insurance.

IMAX China says two PE investors sell 5.9 pct stake: Reuters

IMAX China Holding Inc, which operates and installs cinema systems, said on Thursday two private equity investors had sold an aggregate 5.9 percent stake to a "prominent" international investment bank, helping to increase liquidity in the market, Reuters reported.

California pension fund is latest to scrap some active managers: Reuters

A California pension fund has fired Franklin Templeton Investments, JPMorgan Chase & Co and Pacific Investment Management Co from some portfolio-management responsibilities in a shakeup that puts more of its assets in lower-fee, index-tracking investments, the fund said.

RBC, JPMorgan lead Canadian equity advisory in first quarter: Reuters

Royal Bank of Canada, JPMorgan and Bank of Montreal took the top three positions advising on Canadian equity issues in the first quarter, Reuters reported, citing data released by Thomson Reuters. The volume slipped about 13 percent to $12.9 billion (US$9.6 billion) from year-earlier levels, the figures showed. However, initial public offerings rebounded after a lackluster 2016, with private equity-backed Freshii Inc and Canada Goose Holdings Inc listing on the Toronto Stock Exchange.

JPMorgan, Goldman Sachs top Canadian M&A rankings as activity rises: Reuters

Canadian mergers and acquisitions got off to their strongest start in 17 years in 2017 as cross-border deal activity picked up pace, with JPMorgan, Goldman Sachs and RBC taking the top three spots in the advisory rankings, Reuters reported. Foreign banks further consolidated their position in Canadian deal-making as companies looked beyond borders for growth opportunities. Deal value in the first quarter of 2017 jumped 12 percent to US$75.4 billion, making it the best first quarter only behind the same period in 2000.

GTCR in the lead to acquire jobs website CareerBuilder, say sources: Reuters

Private equity firm GTCR LLC is in exclusive talks to acquire U.S. job-hunting website CareerBuilder LLC for more than $1 billion, sources told Reuters, in what would be the latest deal in the online recruitment sector.

China's CIC, Brookfield acquire Petrobras pipeline unit: Reuters

China's sovereign wealth fund China Investment Corp said it has joined hands with Canada's Brookfield Asset Management Inc in acquiring 90 percent of a natural gas pipeline unit from Brazil's state oil firm Petróleo Brasileiro SA (Petrobras), Reuters reported. The consortium includes other institutional investors, CIC stated on its website. Reuters reported last September that Petrobras agreed to sell 90 percent of its natural gas pipeline unit to a group of investors, including Brookfield, for US$5.2 billion.

Naeem Holding starts $56 mln private placement for real estate fund: Reuters

Egypt's Naeem Holding on Wednesday started a private placement for a real estate fund worth 1 billion Egyptian pounds ($56 million), the company's chief executive officer Yousef Al Far said at a news conference, Reuters reported.