Brookfield Asset Management, Canada's largest alternative-assets manager, is considering a bid for troubled hockey gear-maker Performance Sports Group Ltd, Bloomberg reported, citing people familiar with the matter. Brookfield raised its stake to 13.2 percent in Performance Sports in September after having said it would push for a restructuring and a possible sale. It is now Performance Sports' second largest shareholder after Sagard Capital Partners Management Corp, according to Thomson Reuters data.
2 min read · 11 October 2016
Bidders for Japan's Takata Corp will meet this month with the carmakers key to its survival to consider options, including a $3 billion bid, at a gathering that could determine the future of the air-bag maker, sources told Reuters.
2 min read · 11 October 2016
Morgan Stanley Private Equity Asia said on Tuesday its fund will buy a 25.63 percent stake in baby-and-adult diaper maker DSG International Thailand Pcl (DSGT.BK) for 1.61 billion baht ($46.2 million), or 5 baht a share, in its first investment in Thailand.
1 min read · 11 October 2016
Canadian online gambling company Amaya Inc and British bookmaker William Hill Plc said they were in talks to combine in a merger of equals, confirming a Reuters report about the discussions last week. Amaya has received strong buyout interest from other companies in the industry and some private equity firms, the sources said. Amaya, which has a market capitalization of about $3.1 billion, paid US$4.9 billion to acquire the owner and operator of the PokerStars and Full Tilt Poker brands in 2014. GSO Capital Partners LP, the credit arm of Blackstone Group, helped fund the deal and continues to have a minority stake in the company.
3 min read · 11 October 2016
Private equity firm Silver Lake Partners LP is exploring a sale of Vantage Data Centers Management Co LLC that it hopes will value the U.S. company at well in excess of $1 billion, including debt, Reuters said.
2 min read · 11 October 2016
Salesforce.com Inc (CRM.N) is still deliberating whether it should make an offer for Twitter Inc (TWTR.N) in the face of resistance from Salesforce shareholders over the strategic merits and valuation of such a deal, Reuters reported.
2 min read · 11 October 2016
The Irish unit of Royal Bank of Scotland has sold non-performing loans with a face value of 2.5 billion euro ($2.8 billion) to private equity firm Cerberus, the bank said on Monday.
1 min read · 10 October 2016
Thai Union Group PCL (TU.BK), the world's biggest producer of canned tuna, said on Monday it had bought a minority stake in U.S. seafood chain Red Lobster Seafood Restaurants for $575 million to expand in the United States, its biggest market.
1 min read · 10 October 2016
Canada Goose Inc, a maker of luxury winter down jackets, is interviewing banks to help prepare for an initial public offering (IPO) that could value the company at as much as US$2 billion, sources told Reuters. An IPO of Toronto-based Canada Goose would demonstrate the explosive growth the company has experienced, following its transition from selling jackets primarily to adventurers on expeditions to shoppers in more than 50 countries. Canada Goose sold a majority stake in 2013 to U.S. private equity firm Bain Capital for an undisclosed amount, to help meet its growth ambitions.
1 min read · 10 October 2016
Verallia called off an attempt to issue a 500m payment-in-kind toggle bond, after facing pushback from the buyside over the deal's aggressive use of proceeds and weak structure, Reuters reported.
3 min read · 10 October 2016
