Private equity firm Court Square Capital Partners is nearing a deal to buy U.S. business marketing firm Infogroup Inc for roughly $600 million, including debt, Reuters reported.
1 min read · 25 January 2017
Bob Evans Farms Inc said it would sell its restaurants unit to private-equity firm Golden Gate Capital for $565 million including debt, to focus on its refrigerated food business, Reuters reported.
1 min read · 25 January 2017
Germany's Ottobock, the world's largest maker of artificial limbs, has attracted interest from private equity groups including KKR (KKR.N) and CVC for a 20 percent stake in its core business, sources told Reuters.
2 min read · 24 January 2017
Brazil's Cyrela Commercial Properties SA is in talks with Canada Pension Plan Investment Board (CPPIB) for a potential asset swap and joint ventures to invest up to US$400 million in new commercial office space, Reuters reported. Cyrela said in a securities filing that it had signed a non-binding agreement regarding the transfer of a 33 percent equity stake in its office buildings in exchange for CPPIB's 25 percent stake in Cyrela's warehouse business. The deal underscores investors' hopes that falling interest rates will trigger a new round of investment in Brazil's beleaguered commercial real estate sector.
2 min read · 24 January 2017
Jose Cuervo, the world's biggest tequila producer, is planning a Feb. 8 pricing for its delayed initial public offering (IPO) in a bid to raise up to $1 billion, sources told Reuters.
2 min read · 24 January 2017
Germany's Ottobock, the world's largest maker of artificial limbs, has attracted interest from private equity groups including KKR and CVC for a 20 percent stake in its core business, Reuters reported.
2 min read · 24 January 2017
Canada is not the main target of U.S. President Donald Trump's push to renegotiate the NAFTA trade accord and is unlikely to be hit hard by any changes to the deal, Reuters reported, quoting the head of a business advisory council to Trump. "Canada is very well-positioned for any discussions with the United States," Stephen Schwarzman, named by Trump to a lead a forum that includes a variety of major U.S. corporations to advise on job creation, said. Schwarzman, who is CEO of U.S. private equity firm Blackstone Group LP, added that the risk of Canada suffering collateral damage from the NAFTA talks was low.
2 min read · 23 January 2017
China Molybdenum Co Ltd (CMOC) said on Sunday it had signed an agreement with Chinese private equity firm BHR to support BHR's acquisition of a 24 percent stake in Democratic Republic of Congo's massive Tenke copper mine.
1 min read · 23 January 2017
A little-known Austrian software company is looking to snatch business from established players HP Enterprise (HPE) and IBM in the market for software testing tools, after raising $165 million from a U.S. private equity firm, Reuters reported.
2 min read · 23 January 2017
Blackstone Group LP (BX.N) is readying a new Asia-focused real estate fund that aims to raise a record $5 billion or more, betting on strong returns from property investments in the region, Reuters reported.
2 min read · 23 January 2017
