Chinese photo app and mobile phone maker Meitu Inc is set to raise $630 million after pricing its Hong Kong initial public offering at the bottom of expectations, a source told Reuters.
2 min read · 09 December 2016
Altice NV, the fourth-biggest cable operator in the United States, said on Thursday it was considering an initial public offering of a minority interest in its U.S. subsidiary Altice USA, Reuters reported. A listing would help Altice's founder, French billionaire Patrick Drahi, expand his budding U.S. cable empire by giving Altice USA public stock that could be used as currency to finance more acquisitions. It would also allow investors, including U.K. private equity firm BC Partners and Canada Pension Plan Investment Board, to cash out in the future.
2 min read · 08 December 2016
Belgian chemicals group Solvay (SOLB.BR) said on Wednesday it had agreed to sell its Acetow unit, which makes material used in cigarette filters, to private equity group Blackstone (BX.N) for 1 billion euros ($1.07 billion), including debt.
1 min read · 08 December 2016
Telekom Austria Group (TELA.VI) said on Thursday it had agreed to buy a controlling stake in Croatian communications and computing group Metronet Telekomunikacije, which last year generated revenues of around 28 million euros ($30.2 million).
1 min read · 08 December 2016
Britain's National Grid has sold a majority stake in its gas network in a 5.4 billion pound ($7 billion) deal which could test Prime Minister Theresa May's pledge to vet infrastructure sales to foreign buyers, Reuters reported.
2 min read · 08 December 2016
Wearable device maker Fitbit Inc said it had bought smartwatch maker Pebble Technology's software and intellectual property as it looks to strengthen its position in the wearables market, Reuters reported. The financial terms of the deal were not disclosed, although Bloomberg had earlier reported that it was valued at less than US$40 million. Palo Alto, California's Pebble was launched in 2008 by Canadian entrepreneur Eric Migicovsky, a University of Waterloo engineering graduate. The company's investors included U.S. venture capital firm CRV .
1 min read · 07 December 2016
Israeli furniture maker Keter Group’s acquisition of Italian plastic furniture manufacturer ABM Italia will be backed with a €300 million (US$322 million) leveraged loan, Reuters reported. Keter Group, bought by U.K. private equity firm BC Partners and Canadian pension fund manager PSP Investments earlier this year, agreed to acquire ABM Italia, it was announced this week. The deal was valued at €400 million, sources said.
1 min read · 07 December 2016
Pemberton, the asset management group backed by Legal and General, has hired Robin Challis as a portfolio manager, the company announced.
1 min read · 07 December 2016
EQT has bought a majority of a joint venture that will own most of Getec Energie, a German decentralized energy producer, as the private equity group continues its investments in infrastructure assets, Reuters reported.
1 min read · 07 December 2016
Office supplies retailer Staples Inc said it would sell a controlling interest in its European business to an affiliate of private equity firm Cerberus Capital Management LP, Reuters reported.
1 min read · 07 December 2016
