Pacific Investment Management Co on Thursday said it had hired Gregory Hall as a managing director and head of private strategies, Reuters reported.
1 min read · 30 March 2017
Saudi Aramco IPO (ARMO.SE) has formally appointed JPMorgan Chase & Co (JPM.N), Morgan Stanley (MS.N) and HSBC (HSBA.L) as international financial advisers for its initial public offering, sources told Reuters.
2 min read · 30 March 2017
German shipping finance provider HSH Nordbank has received more than ten expressions of interest from potential buyers in the lender which seeks to be sold within a year, Reuters reported.
1 min read · 30 March 2017
Synovus Financial Corp (SNV.N) will buy the financial unit of outdoor goods retailer Cabela's Inc (CAB.N), a source familiar with the matter told Reuters on Wednesday.
2 min read · 30 March 2017
Blue Apron, the biggest U.S. meal kit company, has hired investment bankers to lead its 2017 initial public offering, sources told Reuters.
2 min read · 29 March 2017
Dubai-based ride-hailing company Careem is looking for acquisition opportunities and is considering an initial public offering as a possible option but has no timeframe in mind, its founder and CEO said.
2 min read · 29 March 2017
CVC Capital Partners is selling German metering and energy management group Ista, which could be worth up to 4 billion euros (US$4.3 billion), sources told Reuters. Pension funds, insurers and infrastructure investors are expected to show interest. Canada Pension Plan Investment Board, which already owns a minority stake in Ista, is tying up with Borealis Infrastructure to make a bid, while Allianz, the Government of Singapore Investment Corp and Ontario Teachers' Pension Plan, are also likely to show their interest, the sources said.
2 min read · 29 March 2017
The Ontario Teachers' Pension Plan's rate of return dropped to 4.2 percent last year from 13 percent in 2015 due to unfavorable currency movements, Reuters reported. The results still exceeded a benchmark target of 3.5 percent for the fund, Canada's third-biggest public pension plan. The plan, which administers pensions for working and retired teachers in Canada's most populous province, said its net assets grew to $175.6 billion at the end of 2016 from $171.4 billion a year earlier.
2 min read · 29 March 2017
U.S. private equity firm KKR & Co LP (KKR.N) is preparing a potential consortium bid for Australia's Quintis Ltd (QIN.AX) backed by the sandalwood plantation group's managing director, Reuters reported.
2 min read · 29 March 2017
Independent investment firm Shore Capital Group Ltd (SGRS.L) said its founder Howard Shore would step down as group chief executive, Reuters reported.
1 min read · 29 March 2017
