Investment firm Starwood Capital Group said it would buy Canada's Milestone Apartments Real Estate Investment Trust at a higher price than its previous offer.
1 min read · 22 March 2017
Swiss banking software and services provider Avaloq has got a 300 million Swiss franc ($300 million) injection from private equity firm Warburg Pincus in what the group described as a first step towards a potential public listing.
2 min read · 22 March 2017
Last-minute U.S. hotel booking app HotelTonight said on Wednesday it raised $37 million in a funding round as it seeks to expand its international hotel network and invest in marketing campaigns.
1 min read · 22 March 2017
Plex Systems Inc, a privately held U.S. maker of software used to run manufacturing plants, is exploring a potential sale which it hopes will value it at more than $1 billion, including debt, Reuters reported.
2 min read · 22 March 2017
Private equity firm BC Partners LLP is in advanced talks to acquire U.S. surgical center operator National Surgical Hospitals Inc, in a deal that could value it at close to $1 billion, including debt, Reuters said.
2 min read · 22 March 2017
A Wall Street hedge fund and a Canadian pension plan have settled a legal dispute over the value of investments, Reuters reported. In 2015, Public Sector Pension Investment Board (PSP Investments) sued Saba Capital Management LP and its founder, Boaz Weinstein, in New York state court, arguing that the hedge fund manager had marked down some assets after the pension asked for its US$500 million investment back earlier in the year. The move, PSP argued, essentially allowed Saba to keep more money than it should have.
2 min read · 21 March 2017
A push by Canadian companies and pension funds to aggressively pursue overseas acquisitions is helping global investment banks to win a bigger share of M&A advisory mandates and prompting once-dominant domestic rivals to beef up their international operations, Reuters reported. Canada's outbound M&A volume hit a record US$128 billion last year. Bankers expect the trend to continue as sluggish economic growth at home, and a highly-concentrated market, make domestic M&A less appealing.
3 min read · 21 March 2017
Goldman Sachs will begin moving hundreds of people out of London before any Brexit deal is struck as part of its contingency plans for Britain leaving the European Union, the Wall Street firm's Europe CEO said.
2 min read · 21 March 2017
Privately owned Rocket Lab, a Los Angeles- and New Zealand-based startup poised to begin small satellite launch services this year, has closed a Series D financing round of $75 million, company officials said on Tuesday.
2 min read · 21 March 2017
China's Alibaba Group Holding Ltd (BABA.N) has fully acquired online ticketing platform Damai.cn, the e-commerce giant said on Tuesday, marking a further push into entertainment by the firm as it expands beyond its core online retail business
1 min read · 21 March 2017
