Britain's SVG Capital Plc (SVG.L) agreed to sell its investment portfolio to HarbourVest for about 807 million pounds ($991 million) after the private equity firm elbowed out Goldman Sachs Group Inc-led consortium with a sweetened offer, Reuters reported.
2 min read · 18 October 2016
Dick's Sporting Goods Inc is preparing a bid for the U.S. business of bankrupt Golfsmith International Holdings Inc, challenging an offer by rival retailer Worldwide Golf Shops, sources told Reuters. The auction will the test the value of Golfsmith, which suffered because of competition from discount retailers, as well as golf's waning popularity among younger customers. Golfsmith, owned by OMERS Private Equity, filed for bankruptcy in the United States and Canada last month.
2 min read · 18 October 2016
Dick's Sporting Goods Inc (DKS.N) is preparing a bid for the U.S. business of bankrupt Golfsmith International Holdings Inc, challenging an offer by rival retailer Worldwide Golf Shops, sources told Reuters.
2 min read · 18 October 2016
Austria-based oil and gas company OMV has agreed to sell to Mazarine Energy, an oil and gas production and exploration company backed by private equity fund Carlyle Group, 19 onshore oil fields in Romania for an undisclosed purchase price, the companies said in a statement.
1 min read · 18 October 2016
William Hill Plc and Canadian online gambling company Amaya Inc have abandoned merger talks, leaving the British bookmaker struggling to find a partner in a fast-consolidating industry, Reuters reported. Amaya, operator of the PokerStars website, and William Hill, one of the best known British gambling brands, said earlier this month that they were in talks about a merger of equals, but the deal was thrown into doubt days later when a leading investor in William Hill, Parvus Asset Management, said it would oppose the plan.
3 min read · 18 October 2016
Goldman Sachs Group Inc (GS.N) reported a 57.9 percent rise in quarterly profit on Tuesday as trading revenue surged, Reuters reported.
1 min read · 18 October 2016
India's PNB Housing Finance Ltd and Varun Beverages are looking to raise as much as $630 million combined from initial public offerings (IPOs) next week, underpinning a surge in first-time share sales in Asia's third-largest economy, Reuters reported.
2 min read · 18 October 2016
Logistics company ZTO Express has set terms for what could be the largest U.S. initial public offering this year and also the biggest by a Chinese company after the $25 billion IPO of e-commerce giant Alibaba Group Holding Ltd (BABA.N) in 2014, Reuters reported.
2 min read · 17 October 2016
Beauty products maker Coty Inc (COTY.N) said it would buy ghd, a high-end hairstyling appliances brand, from private equity firm Lion Capital LLP for about 420 million pounds ($522 million).
1 min read · 17 October 2016
Constellation Brands Inc said it will sell its Canadian wine business to the private equity group of Ontario Teachers' Pension Plan in a deal valued at about $1.03 billion (US$775.02 million), Reuters reported. The sale, which includes the Jackson-Triggs and Inniskillin wine brands, is expected to close by the end of the calendar year, the company said. Constellation will continue ownership of Black Velvet Whisky and the related production facility in Lethbridge, Alberta. Seven of the company's wine brands are among the top 20 in the Canadian market, Ontario Teachers' said.
2 min read · 17 October 2016
