Canadian pension fund manager OMERS on Friday reported an improved performance in 2016, helped by a strong performance from its private equity, infrastructure and real estate investments.
1 min read · 24 February 2017
Goldman Sachs (GS.N) and other shareholders said on Friday they had sold 100 percent of South Korea's second-largest producer of industrial gases to Asian private equity firm MBK Partners.
1 min read · 24 February 2017
Chinese investment firm Legend Holdings (3396.HK) and three groups of private equity funds are putting the finishing touches to rival bids for Allfunds Bank, a deal worth close to 2 billion euros ($2.11 billion), sources told Reuters.
2 min read · 23 February 2017
Brussels Airport is being prepared for a potential sale as one of its owners is planning an exit from Belgium's main hub, sources told Reuters. Australian Macquarie's infrastructure fund, which owns a 36 percent stake, is currently in talks with co-owner Ontario Teachers' Pension Plan, which has 39 percent, on whether the Canadian investor wants to increase its stake, the sources said. JP Morgan has been tasked with overseeing the process. Ontario Teachers' is looking to sell minority stakes in Britain's Bristol Airport and Birmingham Airport, Reuters reported earlier this month.
2 min read · 23 February 2017
Buyout firm Advent International made a legally binding 3.6 billion euro ($3.8 billion) takeover offer for Germany's Stada Arzneimittel (STAGn.DE), giving its management until Monday to respond, Reuters reported.
1 min read · 23 February 2017
Swedish buyout fund EQT closed its third fund for infrastructure investments with a hard cap of 4 billion euros ($4.2 billion) which was raised in less than six months, it said on Thursday.
1 min read · 23 February 2017
British and Canadian regulators have signed an agreement to make it easier for financial technology companies to expand in each other's markets, Reuters reported. The agreement between the U.K.'s Financial Conduct Authority and the Ontario Securities Commission is meant to help fintech startups navigate regulations. Complicated regulations can prove challenging for companies looking to innovate and grow quickly. Canada, particular, has a fragmented regulatory environment.
1 min read · 22 February 2017
One of Canada’s largest insurers, Power Financial Corp, is investing in a Toronto-based startup with global ambitions to automate key segments of the insurance industry, Reuters reported.
2 min read · 22 February 2017
Oil giant Saudi Aramco has asked JPMorgan Chase & Co and Morgan Stanley to assist with its mammoth initial public share offer and could call on another bank with access to Chinese investors, a source told Reuters.
3 min read · 22 February 2017
One of Canada's largest insurers, Power Financial Corp, is investing in a Toronto-based startup with global ambitions to automate key segments of the insurance industry, Reuters reported. Collage, Canada's first cloud-based human resource and benefits platform, said it received $5 million in seed financing from venture capital firm Diagram. Diagram, launched earlier this year, is financed primarily by Portag3 Ventures, whose exclusive backers are Power Financial and some of its subsidiaries, including insurer Great-West Life.
2 min read · 22 February 2017
