David Baazov, the former chief executive of online gaming company Amaya Inc, disclosed new details of funding for his proposed offer to buy the Canadian firm, saying two Hong Kong-based investors had committed $3.45 billion, Reuters reported. Baazov needed to refinance the deal after one of his previously announced investors, Dubai-based KBC Aldini Capital, denied it had ever agreed to be a backer. Last week, Baazov, who owns about 17 percent of Amaya, offered $24 per share to buy the rest of the company, the second time he has tried to take it private.
1 min read · 25 November 2016
U.S. website domain name provider GoDaddy is in exclusive talks to buy peer Host Europe Group (HEG) as it seeks to expand in higher-margin businesses beyond the initial set-up of websites, Reuters reported.
2 min read · 25 November 2016
Amaya Inc's former chief executive David Baazov said he still plans to buy the online gambling company despite one of his apparent backers saying it had no involvement in the $3.65 billion bid, Reuters reported. The status of Baazov's offer had been in doubt after the Globe and Mail newspaper published an interview with Kalini Lal, the head of Dubai-based investment firm KBC Aldini Capital, one of four international investors named by Baazov as his backers, in which Lal said his firm had not agreed to provide funds.
2 min read · 23 November 2016
Investcorp said on Wednesday its U.S.-based real estate division had bought a portfolio of properties in the Boston and Denver metropolitan areas for about $250 million.
1 min read · 23 November 2016
Emerging markets-focused LeapFrog Investment has bought a majority stake in Kenyan pharmacy chain GoodLife for $22 million, the private equity firm said on Wednesday.
1 min read · 23 November 2016
U.S. private equity firm Advent International Corp will buy Brammer Plc (BRAM.L) for 221.5 million pounds ($274.8 million), the companies said on Wednesday, weeks after the British industrial parts distributor's profit warning halved its stock value, Reuters reported.
2 min read · 23 November 2016
Investcorp has bought a stake in Saudi Arabia's Al Borg Medical Laboratories, one of the largest private medical laboratory chains in the Gulf, Reuters reported.
1 min read · 22 November 2016
U.S. buyout firm KKR & Co (KKR.N) said it is buying auto parts maker Calsonic Kansei Corp (7248.T) from Nissan Motor (7201.T) and other shareholders for as much as 498.3 billion yen ($4.5 billion), seizing on a rare chance to do a multi-billion dollar deal in Japan, Reuters reported.
2 min read · 22 November 2016
Japanese and Russian state-backed lenders will create a fund to jointly invest in Moscow's "priority development projects," as the two countries look to promote business and diplomatic ties, the Nikkei reported.
1 min read · 21 November 2016
Nissan Motor Co (7201.T) will sell 41 percent of its stake in auto parts supplier Calsonic Kansei Corp (7248.T) to U.S. buyout firm KKR & Co (KKR.N), the Nikkei reported.
1 min read · 21 November 2016
