UnitedHealth Group Inc's (UNH.N) Optum unit said it would buy Surgical Care Affiliates Inc (SCAI.O) for about $2.30 billion, creating a comprehensive ambulatory care services platform, including primary care, urgent care and surgical care services, Reuters reported.
1 min read · 09 January 2017
McDonald's Corp (MCD.N) has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd (0267.HK) and Carlyle Group LP (CG.O) for up to $2.1 billion, seeking to expand rapidly without using much of its own capital, Reuters reported.
2 min read · 09 January 2017
Neiman Marcus Group LLC said on Friday it would withdraw its initial public offering, nearly two years after the upscale department store chain filed its intent with U.S. regulators to go public, as it grapples with weaker customer demand.
2 min read · 06 January 2017
Neiman Marcus Group LLC said on Friday it would withdraw its initial public offering, nearly two years after the upscale department store chain filed its intent with U.S. regulators to go public, as it grapples with weaker customer demand, Reuters reported. Neiman Marcus, which also operates the Bergdorf Goodman and MyTheresa brands, was acquired by U.S. private equity firm Ares Management LP and Canada Pension Plan Investment Board three years ago for US$6 billion. The Dallas-based company filed to go public in August 2015.
2 min read · 06 January 2017
Low-cost carrier Frontier Airlines is preparing for an initial public offering and has hired banks to plan the debut, The New York Times reported, citing people familiar with the matter.
1 min read · 06 January 2017
Private equity firms Bain Capital and Advent are close to buying German payment group Concardis for about 700 million euros (598.3 million pounds), sources told Reuters.
1 min read · 06 January 2017
Carlyle Group LP (CG.O) is exploring a sale of one of the largest U.S. herbal supplement maker, Nature's Bounty Co, Bloomberg reported on Friday.
1 min read · 06 January 2017
National Bank of Canada was the top adviser on Canadian debt issues for corporations and governments in 2016, ending Royal Bank of Canada's 10-year reign, Reuters reported, citing data from Thomson Reuters. The value of debt issues rose 1 percent to $163.6 billion last year, excluding self-led issuance by banks, from about $162.3 billion in 2015. While 2016 started off slowly with increased volatility and sluggish credit markets, deals started to gain momentum from the second quarter.
2 min read · 06 January 2017
Two former Ares Management LP (ARES.N) private equity executives have joined forces to form a new firm called LightBay Capital focused on middle-market buyouts and distressed debt investments, sources told Reuters.
1 min read · 05 January 2017
U.S. private equity firm Lone Star is the leading candidate to buy Novo Banco, the bank carved out of collapsed Banco Espirito Santo (BES), Portugal's central bank said in a statement.
2 min read · 05 January 2017
