South Africa's Naspers is set to receive at least four bids for Allegro in a deal that could value Eastern Europe's No.1 auction website at up to US$2.2 billion, sources familiar with the talks told Reuters. The four bidders are expected to submit offers for "the Polish eBay" ahead of a Tuesday deadline for first-round bids. The sources said Advent International had teamed with U.S. private equity fund Hellman & Friedman; Apax Partners with Canada Pension Plan Investment Board; Cinven with Permira; and CVC Capital Partners with U.S. buyout group General Atlantic.
2 min read · 19 September 2016
Buyout group Columna Capital is preparing its Swiss animal tagging group Datamars for a sale in a potential deal that could be worth as much as over 300 million Swiss francs ($306 million), sources told Reuters.
1 min read · 19 September 2016
The Caisse de dépôt et placement du Québec is about to take on one of its toughest investment challenges yet — helping the commuters of Montréal, Reuters reported. Keen to boost returns, Canada's second-biggest pension fund is financing and overseeing the construction of a new 67 kilometre (41.6 miles) public transit system in Montréal , the third largest automated transportation system in the world behind those in Dubai and Vancouver. The venture is a bold move by the Caisse — more familiar with bond prices and rental yields than ticket fares and commuter habits — and one fraught with risks.
5 min read · 19 September 2016
U.S. network security firm Infoblox Inc (BLOX.N) said on Monday it had agreed to be bought by private equity firm Vista Equity Partners Management LLC for $1.6 billion.
1 min read · 19 September 2016
Vietnam has invited about half a dozen foreign investment banks to advise it on selling its stake in dairy company Vinamilk VNM.HM, sources told Reuters, in one of the strongest signs yet of the government getting serious about offloading its most lucrative assets.
3 min read · 19 September 2016
South Africa's Naspers (NPNJn.J) is set to receive at least four bids for Allegro in a deal that could value Eastern Europe's No.1 auction website at up to $2.2 billion, sources familiar with the talks said on Monday.
2 min read · 19 September 2016
A consortium of global and domestic investors agreed to buy Australia's busiest port for a higher-than-expected A$9.7 billion ($7.3 billion), a sign that tough equity markets are fuelling appetite for infrastructure, Reuters reported. Australia's sovereign wealth fund, The Future Fund, and Canada's Ontario Municipal Employees Retirement System (OMERS) will each get a fifth of Port of Melbourne following the sale, which is packaged as a 50-year lease. The government investment vehicle of Queensland state (QIC) and New York-based Global Infrastructure Partners are the other consortium partners.
2 min read · 19 September 2016
Poland's state-owned railway company PKP has asked a Warsaw court to annul the sale last year of its utility business PKP Energetyka to private equity fund CVC Capital Partners, PKP said on Friday.
2 min read · 16 September 2016
Canada Pension Plan Investment Board said it would buy Ascot, American International Group's Lloyd's of London platform, in a deal valued at about US$1.1 billion, as it pushes to expand its global presence, Reuters reported. The deal, which includes the acquisition of Ascot Underwriting Ltd and Ascot Corporate Name Ltd, will provide "durable cash yield and an attractive scalable investment for the fund," CPPIB was quoted as saying.
1 min read · 16 September 2016
Standard Chartered Plc (STAN.L) is considering spinning out its private equity business to its managers, Bloomberg reported on Friday, citing two people familiar with the matter.
1 min read · 16 September 2016
