Macy's Inc (M.N) could see its shares rise by 50 percent in a potential sale, as the struggling retailer looks to turn around its business by downsizing its physical-store operations and reinvesting in its online presence, Barron's said on Sunday.
1 min read · 13 February 2017
Britain's Co-operative Bank (42RQ.L), rescued from the brink of collapse by a group of hedge funds in 2013, has put itself up for sale as it seeks to build up its capital to meet regulatory requirements, Reuters reported.
2 min read · 13 February 2017
Canada has appointed veteran pension executive Jim Leech as a special adviser for its new infrastructure bank, which has been set up to facilitate private investment in such projects as new roads and bridges, Reuters reported.
1 min read · 10 February 2017
Brazilian car rental company Unidas SA plans to scrap an initial public offering slated to be priced later on Friday, reflecting sluggish investor demand after a rival listing earlier in the week, sources told Reuters.
1 min read · 10 February 2017
Canada Pension Plan Investment Board, one of the world's biggest infrastructure investors, is awaiting details of U.S. President Donald Trump's planned US$1 trillion infrastructure program, Reuters reported, citing comments made by Chief Executive Mark Machin. Machin said the fund was monitoring developments but it was too early to say what opportunities may materialize while the new U.S. administration works through its priorities. CPPIB already invests billions of dollars around the world in assets such as roads, bridges, and airports, would be an obvious candidate to invest in the program, infrastructure experts say.
2 min read · 10 February 2017
Ottawa has appointed veteran pension executive Jim Leech as a special adviser for its new infrastructure bank, which has been set up to facilitate private investment in such projects as new roads and bridges, Reuters reported. Leech retired in 2014 as CEO of Ontario Teachers' Pension Plan, which had pioneered a model of directly investing in infrastructure, real estate and other alternatives. He previously headed its Teachers' Private Capital, where he oversaw growth in private equity, venture capital and infrastructure investments from $2 billion in 2001 to $20 billion in 2007.
1 min read · 10 February 2017
Private equity firm Blackstone Group LP (BX.N) has agreed to acquire insurance broker Aon Plc's (AON.N) employee benefits outsourcing business for around $4.8 billion, people familiar with the matter said on Thursday.
2 min read · 10 February 2017
Private equity firm KKR (KKR.N) has acquired a stake of 14.1 percent in German research firm GFK (GFKG.DE), regulatory filings show, as it seeks to fight off rival investor Michael Dell., Reuters reported.
1 min read · 09 February 2017
AGIC Capital, a European-Asian private equity firm with a new $1 billion fund, is on the lookout for investments in small and mid-sized European industrial technology and healthcare companies, AGIC-Manager Wolfgang Seibold told Reuters.
1 min read · 09 February 2017
Major Canadian insurance firms are investing $290 million in a Toronto-based research complex, repaying the bulk of its loans from the Ontario government nearly three years ahead of schedule, Reuters reported. Manulife Financial Corp, Sun Life Financial Inc and iA Financial Group led the financing deal by investing in 19-year bonds issued by Phase II Investment Trust, the innovation hub said. MaRS Discovery District, which focuses on areas including health sciences and technology, has become a successful startup incubator and a part of Ontario's efforts to drive innovation and attract entrepreneurs.
2 min read · 09 February 2017
