Essar Global Ltd said it would sell Aegis Ltd to Singapore-based private equity firm Capital Square Partners, marking its exit from the BPO business and helping to retire its debt.
1 min read · 03 April 2017
Israel Secondary Fund (ISF) said on Monday it has raised $100 million for its second fund, ISF II, from Israeli and foreign institutions and family offices.
1 min read · 03 April 2017
Brian Joffe, the founder of South Africa's Bidvest, will list a 2 billion rand ($150 million) investment firm, Long4Life, on the Johannesburg Securities Exchange next week, the firm said in a pre-listing statement on Friday.
1 min read · 31 March 2017
Chinese investor Creat Group Corp has offered to buy German blood plasma products maker Biotest (BIOG.DE) for about 1.2 billion euros ($1.3 billion) including debt following its purchase last year of British peer Bio Products Laboratory, Reuters reported.
2 min read · 31 March 2017
Victor Li, co-chairman of Husky Energy Inc and son of one of Asia's richest men, has agreed to acquire Reliance Home Comfort LP, a Canadian provider of heating and cooling systems, from U.S. private investment firm Alinda Capital Partners for $2.8 billion, Reuters reported. Li is the heir to Hong Kong billionaire and property tycoon Li Ka-shing. Several U.S. private equity firms also looked at the asset, sources said. Reliance entered Alinda’s portfolio in 2007, when the investor acquired UE Waterheater Income Fund for about $1.74 billion.
2 min read · 31 March 2017
The British government said on Friday it has sold a portfolio of mortgages that were issued by failed lender Bradford & Bingley to insurer Prudential and buyout firm Blackstone, for 11.8 billion pounds ($14.7 billion).
1 min read · 31 March 2017
U.S. private equity firm Silver Lake Partners LP and U.S. chipmaker Broadcom Ltd have offered Toshiba Corp about 2 trillion yen ($17.9 billion) for its chip unit, the Nikkei business daily reported on Friday.
1 min read · 31 March 2017
Bahrain-based Investcorp is studying the sale of Spanish ceramic glazes firm Esmalglass in a deal that could be worth close to 600 million euros ($640.68 million), sources told Reuters.
1 min read · 31 March 2017
Ford Motor Co said it was hiring 400 engineers, mostly in Canada, to work on connectivity software and hardware, part of a wider push to meet demand for more connected cars, Reuters reported. The 300 engineers in Canada and 100 in the United States will double the current size of the Detroit automaker's mobile connectivity engineering team. The new hires, many of whom are coming from BlackBerry Ltd's shuttered handset business, will work on infotainment, in-vehicle modems, gateway modules, handset integration, security, driver assist features and autonomous vehicles.
1 min read · 30 March 2017
Canadian Imperial Bank of Commerce said it has raised its offer for PrivateBancorp Inc by 20 percent to about US$4.9 billion, after some of the Chicago-based lender's shareholders opposed an initial bid. The move came ahead of a June 29 deadline for the deal to be approved and about nine months after the Canadian bank made its initial US$3.8 billion stock-and-cash offer. If successful, the acquisition would be CIBC's biggest. "I like the new offer. Without a competing bid, it seems like full-and-fair value," said David Neuhauser, managing director of U.S. hedge fund Livermore Partners, which owns PrivateBancorp shares.
2 min read · 30 March 2017
