GIC Private Ltd, Singapore's sovereign wealth fund, said it partnered with Global Student Accommodation UK Ltd to buy a UK student accommodation portfolio from Oaktree Capital Management LP.
1 min read · 29 September 2016
Canadian private equity firm Onex Corp has made the best acquisition offer in an auction for Save-A-Lot, the discount grocery U.S. retail chain that Supervalu Inc has been considering divesting, sources told Reuters. The price that Onex is offering could not be learned, but sources have previously indicated that Save-A-Lot could be valued at as much as US$1.8 billion. Supervalu, based in Eden Prairie, Minnesota, announced its intention to spin off Save-A-Lot a year ago. Reuters reported in December that Supervalu would consider an outright sale of Save-A-Lot after receiving interest from private equity firms.
2 min read · 29 September 2016
France's Safran has entered into exclusive negotiations with the owner of smartcard maker Oberthur Technologies over the sale of its Morpho business, the aerospace and defense company said on Thursday.
1 min read · 29 September 2016
Auto parts maker TI Fluid Systems said it expected to raise about 600 million euros ($673 million) in an initial public offering in London, signalling a return of IPOs that were put on the back burner because of Britain's vote to leave the European Union.
2 min read · 29 September 2016
Extraction Oil & Gas LLC said it expected to raise as much as $600 million in an initial public offering, valuing the Denver-based oil explorer and producer at about $2.6 billion.
1 min read · 29 September 2016
BlackRock Inc (BLK.N), the world's largest asset manager, will offer infrastructure funds for the first time through independent financial advisers, it said on Thursday.
1 min read · 29 September 2016
At least four private equity funds including BC Partners are in talks to buy a majority stake in Italy's fourth-biggest supermarket chain Esselunga in a deal worth up to 6 billion euros ($6.7 billion), sources told Reuters.
3 min read · 28 September 2016
Canadian power group Northland Power Inc is looking for a new owner, its chief financial officer said, as part of its strategic review begun in July aimed at boosting growth and shareholder value. The Toronto-based company, which operates thermal and renewable energy stations in Canada and Europe, is worth $4.06 billion. CFO Paul Bradley told Reuters the company's range of options include being sold to a private equity firm.
2 min read · 28 September 2016
Goldman Sachs (GS.N) is investing $70 million in Red Planet Hotels, a pan-Asian budget hotel chain, which will help the company fund its planned expansion to 10 hotels in the next 24 months.
1 min read · 28 September 2016
Private equity investor Bridgepoint is stepping up preparations to list France's second largest independent private hospital group Medipole on the stock exchange by year-end in a deal potentially valuing the company at 1.5 billion euros ($1.7 billion), sources told Reuters.
1 min read · 28 September 2016
