Asset manager Legg Mason Inc (LM.N) said on Monday its largest shareholder, Chinese billionaire Tianqiao Chen's Shanda Group, plans to increase its stake in the company to up to 15 percent.
1 min read · 19 December 2016
Dubai-based private equity firm Abraaj Group said on Monday that it had appointed Hossam Radwan, the former head of its Saudi Arabian business, as a senior external adviser.
1 min read · 19 December 2016
U.S. buyout firm Bain Capital has hired Mitsubishi UFJ Morgan Stanley Securities, Daiwa Securities Group (8601.T) and Bank of America Merrill Lynch to handle the re-listing of shares of an online marketing research firm Macromill Inc, people familiar with the deal told Thomson Reuters DealWatch.
1 min read · 19 December 2016
Ride-hailing app Careem has closed the first part of a $500 million funding round backed by investors including Japan's Rakuten Inc and Saudi Telecom Co (STC), Reuters reported.
1 min read · 19 December 2016
U.S. tax accounting software company Avalara Inc has interviewed banks to help prepare for an initial public offering (IPO) that could come in 2017 and value the company at roughly $1 billion, sources told Reuters.
2 min read · 16 December 2016
Shares of Trivago rose as much as 10.7 percent in their debut on Friday, valuing the hotel booking platform at about $2.89 billion, Reuters reported.
2 min read · 16 December 2016
Israeli cyber intelligence company EverCompliant said on Wednesday it raised $9.5 million in a funding round led by Arbor Ventures and included existing investors Carmel Ventures, StarFarm Ventures and Nyca Partners.
1 min read · 16 December 2016
The U.S. IPO market is expected to bounce back next year after a forgettable 2016, fueled by a sunnier economic outlook and a bit more certainty following the presidential election. Public listings will also get a boost next year from private equity firms looking to exit their investments, executives at both the Nasdaq and the New York Stock Exchange told Reuters. The star-studded potential pipeline of companies set to make their debuts in 2017 includes messaging app Snapchat's parent Snap Inc and ride-hailing company Uber Technologies Inc, both "decacorns", or companies valued at tens of billions of dollars.
3 min read · 16 December 2016
Savanna Energy Services Corp said it had received interest from other potential bidders after fellow oilfield services provider Total Energy Services Inc went hostile with its offer to buy the company, Reuters reported. Calgary-based Savanna, which has a market value of about $190 million, said it would explore strategic alternatives early next year. Last month, Alberta Investment Management Corp (AIMCo) agreed to provide the company with about $219 million in debt and equity financing.
2 min read · 15 December 2016
Singapore-listed Global Logistic Properties Ltd (GLP), an owner and operator of warehouses, said it had established a U.S. fund that will invest $1.5 billion over three years.
1 min read · 15 December 2016
