Hedge fund Marshall Wace's subsidiary MW Eaglewood is raising money for a private equity version of its billion-dollar investment trust that invests in peer-to-peer and marketplace lending loans, a source told Reuters.
1 min read · 22 September 2016
Buyout group Cinven has short-listed four other private equity groups in its auction of German residential and technical lighting products maker SLV, sources told Reuters.
1 min read · 22 September 2016
Canada's Brookfield Asset Management is close to finalizing the purchase of Brazilian engineering conglomerate Odebrecht SA's stake in a water and sewage business after due diligence procedures slowed the transaction for months, sources told Reuters. Brookfield has agreed to buy the 70 percent that Odebrecht SA has in the unit, known as Odebrecht Ambiental SA. The deal will value Odebrecht Ambiental at 5 billion reais (US$1.5 billion), depending on final details and adjustments. An announcement is due within weeks, the sources said.
2 min read · 22 September 2016
Budget cosmetics company e.l.f. Beauty Inc priced its initial public offering (IPO) above expectations on Wednesday, raising $141 million, a person familiar told Reuters.
2 min read · 22 September 2016
Caesars Entertainment Corp said on Wednesday it proposed along with its private equity backers a settlement offer with an added $1.6 billion for creditors of its casino operating unit, raising hopes of an end to the subsidiary's costly bankruptcy, Reuters reported.
2 min read · 22 September 2016
The province of Ontario said that it has signed an agreement with U.S. private equity firm Bedrock Industries LP to restructure U.S. Steel Canada, but the deal still requires approval from other stakeholders and a Canadian court, Reuters reported. Financial terms were not released. Under the agreement, Bedrock will purchase and continue operating U.S. Steel Canada's plants in Hamilton and Nanticoke, one source said. The company, which has the capacity to produce 2.6 million tons of steel annually, has been in creditor protection since September 2014.
2 min read · 21 September 2016
Accounting software maker BlackLine Inc is preparing for an initial public offering that could value it at more than $1 billion, including debt, sources told Reuters.
2 min read · 21 September 2016
A handful of European tech firms are testing the appetite for initial public offerings, taking their lead from a modest rebound in listings in the United States following a two-year slump, Reuters reported.
4 min read · 21 September 2016
The province of Ontario said on Wednesday that it has signed an agreement with equity fund Bedrock Industries LP to restructure U.S. Steel Canada, but the deal still requires approval from other stakeholders and a Canadian court.
2 min read · 21 September 2016
Europe's biggest tour operator TUI (TUIT.L) has picked advisers to launch the sale of specialist holiday arm Travelopia in a deal potentially worth 500-600 million euros ($557-$669 million), sources told Reuters.
2 min read · 21 September 2016
