Toshiba Corp wants investment funds including Bain Capital to buy a stake in its flash memory business rather than industry peers such as Micron Technology Inc because doing so will speed up the planned sale, a source told Reuters.
1 min read · 07 February 2017
Germany's SGB-SMIT is in talks to merge with the power transformer unit of French electrical components maker Schneider Electric (SCHN.PA), sources told Reuters.
1 min read · 07 February 2017
Specialist European financial services private equity firm AnaCap Financial Partners has agreed to acquire a 177m loan portfolio from Barclays, Reuters reported.
1 min read · 07 February 2017
Hedge fund investment firms PAAMCO and KKR Prisma said on Monday they were merging, signaling more consolidation in the so-called funds of funds sector as assets continue to contract and clients demand more.
2 min read · 07 February 2017
A Canadian government advisory group has released a number of recommendations to boost the economy, including strengthening the country's trade links and establishing funds to help smaller companies raise capital in order to scale up, Reuters reported. To help small- and medium-sized companies expand, the council recommended creating a government-financed fund that would provide $1 for every $2 of qualified private capital in exchange for unsecured debt or minority equity. Canadian companies would have to demonstrate high growth and export potential.
2 min read · 06 February 2017
Qatar Holding, a subsidiary of sovereign wealth fund Qatar Investment Authority, plans to invest $250 million in an affordable housing fund run by India's ArthVeda Fund Management, the Indian firm said on Monday.
1 min read · 06 February 2017
South Africa's Mondi bought UK-based packaging firm Excelsior Technologies for 33 million pounds ($41 million) from funds managed by private equity firm Endless LLP and certain minority shareholders, the firm said on Monday.
1 min read · 06 February 2017
The board of Brazil's Banco BTG Pactual SA approved a plan to float shares of the group's private equity and hedge fund operations separately from its investment banking and money management operations, the bank said on Monday.
1 min read · 06 February 2017
Lenders to German outdoor brand Jack Wolfskin are close to finalizing a restructuring plan for the company's 365m debt, two sources told Reuters.
1 min read · 06 February 2017
Eastern Outfitters LLC, the parent of discount chain Bob's Stores and outdoor retailer Eastern Mountain Sports, filed for bankruptcy protection on Sunday, the latest U.S. retailer to do so amid increased competitive pressure facing the sector, Reuters reported.
2 min read · 06 February 2017
