Venture capital firm Andreessen Horowitz has led a $15 million investment in PeerStreet, a financial technology startup that gives individual investors access to real estate backed loans online, Reuters reported.
2 min read · 17 November 2016
Citigroup Inc agreed to sell its Canadian subprime lending unit to an investor group led by U.S. private equity firms J.C. Flowers and Värde Partners for an undisclosed amount, as the bank scales back its international consumer banking presence, Reuters reported. CitiFinancial Canada, which charges a higher interest rate than most mainstream lenders in Canada, has drawn criticism from some consumer advocates over its interest rates and fees. The company offers personal loans that start at 27.99 percent and mortgage refinancing that starts at 10.35 percent.
1 min read · 17 November 2016
Australian private equity firm EMR Capital has raised $860 million for its second fund, as it looks for more investments in copper, gold, potash and coking coal, the firm said on Wednesday.
2 min read · 17 November 2016
China Great Wall Asset Management Corp, one of the country's Big Four state-owned managers of distressed debt, is seeking five to eight foreign and domestic strategic investors next year ahead of a market listing, the group said late on Thursday.
2 min read · 17 November 2016
Saudi Arabia's Public Investment Fund (PIF), its main sovereign wealth fund, said on Thursday it had filled key posts as part of plans to expand investment capacity and help reduce the kingdom's dependence on oil income.
2 min read · 17 November 2016
Private equity firm Ardian said on Thursday it had entered exclusive talks with Equistone Partners to buy the fund's controlling stake in Unither Pharmaceuticals, a medical packaging manufacturer.
1 min read · 17 November 2016
U.S.-based Warburg Pincus LLC and Vietnam's VinaCapital said on Thursday their affiliates have agreed to invest up to $300 million in a hotel venture in Southeast Asia, Reuters reported.
1 min read · 17 November 2016
Thailand's Charoen Pokphand Foods Pcl (CPF) (CPF.BK) said it will acquire U.S. frozen-food producer Bellisio Parent LLC for $1.075 billion, paving the way for its entry into the world's largest food market, Reuters reported.
2 min read · 17 November 2016
British private equity firm Actis has sold its remaining 14.3 percent stake in Uganda's sole power distributor, Umeme Limited, to investors including a local pension fund, allowing its shares to resume trading, Reuters reported.
1 min read · 16 November 2016
Banco Santander (SAN.MC) has agreed to buy back a 50 percent stake in its asset management unit from U.S. buyout funds Warburg Pincus and General Atlantic, sources told Reuters.
1 min read · 16 November 2016
