Concordia International Corp, a Canadian specialty pharmaceutical company, is discussing alternatives to a leveraged buyout that include divesting a minority stake to a private equity firm, sources told Reuters. The sale would raise cash to ease the burden of Concordia's US$3 billion in debt as it faces curbs on drug pricing from governments and companies. The latest round of talks comes after negotiations about selling the company outright failed to produce a deal that would be acceptable to its board, the sources said.
2 min read · 03 October 2016
Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, said it had sold the Four Seasons Hotel Toronto for a gross price of $225 million, Reuters reported. The property was sold to family investment vehicles related to Shahid Khan, Pakistani-American founder of automobile parts maker Flex-N-Gate Group.
1 min read · 03 October 2016
Canada's second-biggest pension fund Caisse de dépôt et placement du Québec said it had partnered with Indian financial services firm Edelweiss Group to invest up to US$700 million over the next four years in stressed assets and private debt opportunities in India, Reuters reported. Under the deal, Caisse plans to take a 20 percent stake in Edelweiss Asset Reconstruction Co, a key unit that purchases bad loans and has about US$4.5 billion in assets under management. It would also sit on EARC's board and the committee that oversees investments.
2 min read · 03 October 2016
A consortium of Bass Pro Shops, Goldman Sachs Group Inc's (GS.N) private equity arm and Capital One Financial Corp (COF.N) is in the lead to acquire U.S. outdoor gear retailer Cabela's Inc (CAB.N), Reuters reported.
2 min read · 03 October 2016
SVG Capital (SVI.L) said on Monday that it was in talks with a consortium that included Goldman Sachs (GS.N) and the Canadian Pension Plan Investment Board ("CPPIB"), confirming media reports about other bidders for the British private equity firm, Reuters said.
1 min read · 03 October 2016
U.S. asset manager Janus Capital (JNS.N) and London-listed rival Henderson Global Investors (HGGH.L) on Monday said they had agreed to an all-share $6 billion merger, sending Henderson's shares soaring, Reuters reported.
2 min read · 03 October 2016
The owner of Italian supermarket chain Esselunga, Bernardo Caprotti, has died at the age of 90, sources told Reuters.
1 min read · 30 September 2016
Lone Star, Christofferson Robb & Co (CRC) and other specialized investors have presented non-binding offers to buy a platform that will manage part of Monte dei Paschi di Siena's (BMPS.MI) bad loans, sources told Reuters.
1 min read · 30 September 2016
Nutanix Inc said on Thursday it sold a more than expected 14.87 million shares priced at $16, valuing the company at more than $2 billion.
2 min read · 30 September 2016
The value of announced mergers and acquisitions worldwide fell 27 percent year-on-year to US$753 billion in the third quarter of 2016, as apprehension among corporate executives about overpaying prevented a repeat of last year's deal-making frenzy, Reuters reported. The preliminary Thomson Reuters M&A data shows the euphoria that drove merger mania in 2015 has subsided. While M&A activity remains robust, deal-makers said companies are being more selective in their decisions to do deals.
4 min read · 30 September 2016
