France's Safran (SAF.PA) could make a decision on the potential sale of its Morpho biometrics and security business for more than 2 billion euros($2.5 billion) by the end of September, a source told Reuters.
2 min read · 14 September 2016
Veteran technology dealmaker David Johnson has joined Glilot Capital Partners, which specializes in enterprise software and cyber security technology, the Israeli venture capital fund said on Wednesday.
1 min read · 14 September 2016
Boris Okuliar, a former UBS banker who was hired by The Carlyle Group in 2014 to bolster its credit investments unit, left the firm last week to join rival Ares Management in London, Reuters reported.
1 min read · 14 September 2016
North American bidders will not need an Australian partner to bid for Australian electricity distributor Ausgrid, an adviser on the potentially A$10 billion (US$7.46 billion) deal said, after the government rejected sole offers from Chinese interests. Canadian funds such as Canada Pension Plan Investment Board and Borealis Infrastructure had this month been advised during a roadshow that they did not need Australian partners if they bid through a consortium, the source told Reuters.
2 min read · 14 September 2016
Specialty golf retailer Golfsmith International Inc, a portfolio company of OMERS Private Equity, has filed for Chapter 11 bankruptcy and agreed to sell its Canadian retail chain to a group led by Fairfax Financial Holdings Ltd and a unit of CI Investments Inc, Reuters reported. Golfsmith listed both its assets and liabilities at between US$100 million and US$500 million, according to a filing with the U.S. Bankruptcy Court for the District of Delaware. The company said it plans to sell itself as a going concern and partially liquidate the business. However, if the plan fails, the company plans a full liquidation. Austin, Texas-based Golfsmith said it was working with its first-lien lenders to finalize the terms of a US$135 million debtor-in-possession financing facility.
2 min read · 14 September 2016
Emerging markets-focused private equity firm Abraaj Group is in discussions to acquire Middlesex University's overseas campus in Dubai, in a deal that could be worth around $55 million to $70 million, sources told Reuters.
1 min read · 14 September 2016
Canadian energy companies will likely sell more exploration and production assets in the next several months, driven by weaker producers shoring up their balance sheets and the longer-term prospect of oil prices stabilizing, deal advisers told Reuters. Mergers and acquisitions activity in the Canadian energy patch has waned since oil prices began sliding more than two years ago. Many deals have involved so-called midstream assets such as pipelines, storage and processing facilities, which are more likely to offer steady cash flow.
2 min read · 13 September 2016
British oilfield services group Expro International Group Ltd will be controlled by four lenders, including KKR & Co LP and Goldman Sachs Group Inc, as part of a financial restructuring, Sky News reported.
1 min read · 13 September 2016
Time Inc, publisher of Sports Illustrated, People and Time magazines, appointed Rich Battista as its chief executive, succeeding Joe Ripp, Reuters reported.
1 min read · 13 September 2016
A consortium including former Barclays chief Bob Diamond remains in the hunt to buy a stake in the British lender's African business, sources told Reuters, despite the withdrawal of Carlyle Group.
2 min read · 13 September 2016
