MGM Holdings Inc is in talks to acquire the 81 percent of Epix it does not already own from two of its partners in the premium U.S. channel, Viacom Inc (VIAB.O) and Lionsgate (LGFA.N), sources told Reuters.
2 min read · 10 March 2017
A group that includes Jahm Najafi, chief executive of the Phoenix-based investment firm Najafi Companies, and private-equity firm Pamplona Capital Management has emerged as a bidder for Time Inc (TIME.N), the Wall Street Journal reported, citing people familiar with the matter.
1 min read · 10 March 2017
Private equity firm Blackstone (BX.N) has appointed more banks to help prepare for an initial public offering (IPO) of shares in its giant European warehouse owner Logicor, that could be valued at 13 billion euros ($13.8 billion), sources told Reuters.
1 min read · 10 March 2017
Canada's major banks and insurers said on Thursday they planned to create a fund to invest up to $1 billion in small Canadian businesses over the next decade to bolster growth, Reuters reported. The fund is expected to have an initial capital commitment of more than $500 million. Initial participants will include the country's six major banks, as well as insurance companies, although a range of financial institutions, including pension funds, will be able to invest in the fund when it is formed. Victor Dodig, chief executive of Canadian Imperial Bank of Commerce, who was one of the earliest supporters of the initiative and played a prominent role in setting up the fund, said it could expand beyond $1 billion.
3 min read · 09 March 2017
China's Shanghai Fosun Pharmaceutical is planning to put in a bid for German generic drugmaker Stada, already at the centre of a takeover battle between two private equity consortia, sources told Reuters.
1 min read · 09 March 2017
The private owners of Austrian gaming technology group Novomatic are working with Macquarie to prepare an initial public offering that could value the company at more than 6 billion euros ($6.3 billion), three sources familiar with the matter said.
1 min read · 09 March 2017
French waste and water group Suez has boosted its industrial water treatment business with the 3.2 billion euros ($3.4 billion) acquisition of GE Water from General Electric (GE.N), Reuters reported.
2 min read · 08 March 2017
French waste and water group Suez has boosted its industrial water treatment business with the 3.2 billion euros (US$3.4 billion) acquisition of GE Water from General Electric, Reuters reported. In an all-cash deal, Suez and Canadian pension fund manager Caisse de dépôt et placement du Québec will acquire 100 percent of GE Water's equity and debt through a 70/30 joint venture, to which Suez will contribute its existing industrial water activities. The new business will operate under the Suez brand. Suez Chief Executive Jean-Louis Chaussade told reporters the industrial water market was more important than Suez's traditional municipal water market, because industry accounts for 15-20 percent of global water consumption compared with just 5-8 percent for human consumption in cities.
2 min read · 08 March 2017
India's top e-commerce company Flipkart is holding talks with investors to raise up to $1 billion in one of its biggest funding rounds so far, a source told Reuters.
1 min read · 08 March 2017
Canada's two largest pension funds have bought a stake of about 1.5 percent in India's Kotak Mahindra Bank for about 22.55 billion rupees (US$338 million) from its founder and chief executive Uday Kotak, Reuters reported, citing stock exchange data. Caisse de dépôt et placement du Québec bought 18.4 million shares in the bank in a block deal at 817 rupees apiece, while Canada Pension Plan Investment Board bought another 9.2 million shares at 817 rupees each, the data showed. Kotak Mahindra is India's fourth-biggest private sector lender by assets.
1 min read · 08 March 2017
