U.S. software provider Oracle Corp said on Monday it was opening an accelerator program in Israel for startups developing cloud technologies or whose technologies are based in the cloud.
1 min read · 16 January 2017
Thailand's top convenience store chain CP All Pcl and three private equity funds are competing to buy Polish retail chain Zabka from Mid Europa Partners, in a deal valued at up to 1.5 billion euros ($1.59 billion), sources told Reuters.
2 min read · 16 January 2017
China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday.
2 min read · 16 January 2017
Three banks have lined up a loan financing totaling around 275m to back the buyout of German payment group Concardis by private equity firms Advent and Bain Capital, banking sources said told Reuters.
1 min read · 16 January 2017
Intrawest Resorts Holdings Inc, the owner of some of the most popular ski resorts in North America, is working with investment banks on a possible sale, sources told Reuters. The company, majority-owned by U.S. private equity firm Fortress Investment Group LLC, is in the initial stages of reaching out to potential buyers, including buyout firms, the sources said. Intrawest, which has a current market capitalization of US$750 million, has its principal offices in Denver, Colorado and Banff, Alberta.
2 min read · 13 January 2017
U.S.-based private equity firm Providence Equity Partners has bought a majority stake in Hungarian festival company Sziget, the companies said in a joint statement on Friday, aiming to expand the events internationally.
2 min read · 13 January 2017
Private equity firms Advent and Bain Capital agreed to buy German payment group Concardis from a group of private, savings and cooperative banks, the parties said in a joint statement on Friday, not disclosing a purchase price.
1 min read · 13 January 2017
U.S. private equity firm KKR & Co LP (KKR.N) said on Friday it has agreed to buy Hitachi Ltd's (6501.T) power tools unit, Hitachi Koki Co Ltd (6581.T), for about $1.3 billion, its second billion-dollar deal in Japan in three months.
1 min read · 13 January 2017
Corephotonics, an Israeli maker of dual camera technologies for smartphones, said on Wednesday it raised $15 million in a funding round that included Samsung Ventures, iPhone manufacturer Foxconn and chipmaker MediaTek.
1 min read · 12 January 2017
Spain's Banco Popular (POP.MC) has sold 620 million euros ($660.98 million) of non-performing property loans to U.S. asset managers Apollo (APO.N) and Blackstone (BX.N), a bank spokesman said on Thursday.
1 min read · 12 January 2017
