The owners of Poland's mobile phone operator Play have called off the auction to sell the business after private equity offers failed to meet expectations, sources told Reuters.
1 min read · 06 October 2016
German banks are putting jointly-held payments group Concardis up for sale, with the group seeking a partner for investments in new technologies, sources told Reuters.
2 min read · 06 October 2016
British banking software services company Misys expects to raise around 500 million pounds ($636 million) when it returns to the London Stock Exchange in a flotation planned for early November, Reuters reported.
1 min read · 06 October 2016
Britain's SVG Capital Plc accepted an offer from Goldman Sachs Group Inc and the Canada Pension Plan Investment Board (CPPIB) on Thursday saying it gave shareholders a better return than a hostile bid from U.S. private equity rival HarbourVest, Reuters reported. SVG said Goldman Sachs and CPPIB would pay about 748 million pounds (US$950 million) for its investment portfolio which would allow it to return 1.06 billion pounds to shareholders once net cash was included.
2 min read · 06 October 2016
Twitter Inc has told potential acquirers it is seeking to conclude negotiations about selling itself by the time it reports third-quarter earnings on Oct. 27, Reuters reported.
2 min read · 06 October 2016
Deutsche Telekom and United Internet are preparing rival bids for German web hosting provider Host Europe Group (HEG) ahead of an Oct. 10 deadline for non-binding offers, sources involved in the process told Reuters.
2 min read · 05 October 2016
The private equity owners of Leslie's Poolmart Inc are exploring a sale of the world's largest retailer of swimming pool supplies that could value it at close to $2 billion, including debt, sources told Reuters.
2 min read · 05 October 2016
Private equity firm TPG and fund company BlackRock Inc (BLK.N) are among half a dozen firms which have shown preliminary interest in a 49 percent stake in loss-making SriLankan Airlines Ltd, sources told Reuters.
2 min read · 05 October 2016
Canada's Clearpath Robotics has raised US$30 million ($39.5 million) from backers, including the venture arms of Caterpillar Inc and its customer General Electric Co, to expand its industrial robot business, Reuters reported. The funding will power growth at the Kitchener, Ontario-based company's Otto Motors industrial division, created last year to provide self-driving vehicles to transport materials around warehouses and manufacturing facilities. Clearpath said while the likes of Tesla, Uber and Google are testing autonomous vehicles for use on public roads, its industrial vehicles are already commercially available.
1 min read · 05 October 2016
British private equity firm SVG Capital Plc said it received a proposal from a consortium that included Goldman Sachs Group Inc and the Canadian Pension Plan Investment Board to acquire its investment portfolio, Reuters reported. SVG, which is fending off a US$1.35 billion bid from U.S. rival HarbourVest, said it was "urgently" evaluating the proposal. The statement comes a day after SVG said it would sell half of its investment portfolio for US$483.11 million and wind down operations by the end of 2017.
2 min read · 05 October 2016
