CCC Information Services Inc is up for sale in a deal that could value the company at $3 billion, according to Bloomberg. CCC, of Chicago, provides software for auto insurance claims. The company is backed by TPG and Leonard Green & Partners, which are working with an adviser to find a buyer for CCC, the story said.
1 min read · 14 February 2017
uto repair-center operator Service King Paint & Body LLC, owned by Blackstone Group LP and Carlyle Group LP, is considering a potential sale of the company for more than $2 billion, Bloomberg reported citing sources.
1 min read · 14 February 2017
Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, has approached Popeyes Louisiana Kitchen Inc about a possible acquisition, sources told Reuters. A deal would be a bet by Oakville, Ontario-based Restaurant Brands that it can use its international reach to introduce Popeyes' famous Louisiana-style fried chicken and buttermilk biscuits to more diners globally. Private equity firm 3G Capital, which is controlled by Brazilian billionaire Jorge Paulo Lemann, owns about 43 percent of the voting shares in Restaurant Brands. The company was formed in 2014, when 3G Capital-backed Burger King acquired Canadian coffee and doughnut chain Tim Hortons for US$11 billion.
2 min read · 13 February 2017
The California Public Employees' Retirement System announced on Monday that it had a lower return of about $900 million since September, when the fund reduced risk from the portfolio by selling some equities.
1 min read · 13 February 2017
Australian state-owned power grid Endeavour Energy has attracted indicative offers from at least three bidding groups comprised of local and foreign investors, sources told Reuters. A majority stake in the utility is expected to fetch at least A$4 billion (US$3.07 billion). The bidders are said by sources to be Macquarie Group, which has teamed up with Canada's British Columbia Investment Management Corp, a consortium led by Queensland Investment Corp that includes Canada's Borealis Infrastructure, and a consortium led by Hastings Funds Management that includes Canada's Caisse de dépôt et placement du Québec.
2 min read · 13 February 2017
Grab is likely to announce a deal to buy Indonesian online payment startup Kudo for over $100 million, a source told Reuters, in a move that will help the Southeast Asian ride-hailing firm roll out its services to more customers.
2 min read · 13 February 2017
Power company NRG Energy Inc said it would appoint two directors in a settlement with activist investor Elliott Management and private equity firm Bluescape Energy Partners.
1 min read · 13 February 2017
German generic drugmaker Stada (STAGn.DE) said it was holding talks about being taken over with rival suitors Advent International and Cinven Partners.
1 min read · 13 February 2017
British private equity fund Apax Partners is in talks to buy Israel-based Syneron Medical, an aesthetic device company, for $350-$400 million, Israeli financial daily Calcalist reported on Monday.
1 min read · 13 February 2017
A Brazilian federal court suspended the US$5.2 billion sale of state-controlled Petróleo Brasileiro SA's natural gas pipeline unit to a group of investors led by Canada's Brookfield Asset Management, Reuters reported. In a document seen by Reuters, the Sergipe state-based court ruled the transaction, which was to be closed within weeks, be halted because of discrepancies in the way Petrobras proceeded with the sale. Brookfield Infrastructure Partners announced its plan to acquire a 90 percent stake in the natural gas system, called Nova Transportadora do Sudeste , in September.
1 min read · 13 February 2017
