Deep-pocket investors, including Carlyle Group LP, Canada Pension Plan Investment Board (CPPIB) and Warburg Pincus, have splashed US$12 billion on the logistics sector in China since 2013, Reuters reported, citing data from Jones Lang LaSalle. The increased attention paid to warehouses and logistics businesses owes to greatly intensified online shopping on the part of Chinese consumers.
4 min read · 24 August 2016
Chinese private equity investor CDH Investments is selling up to $916 million of its shares in WH Group, the world's largest pork company, IFR reported on Wednesday, citing a deal marketing termsheet.
1 min read · 24 August 2016
India's Piramal Enterprises Ltd said it would partner with Bain Capital to invest in distressed assets, becoming the latest entrant in the space as the nation's banks are on a drive to clean up $120 billion of sour debt.
1 min read · 24 August 2016
Jiangxi Copper Co Ltd said on Wednesday it has set up a Cayman Islands-based fund that will buy mining projects as the Chinese state-owned copper producer sets its eyes on potential bargains as the commodities cycle bottoms.
2 min read · 24 August 2016
Informatica Corp, a privately-held software developer, said it expects its valuation to double to at least US$10 billion in the next five years, driven by investments in big data and cloud computing, Reuters reported. The Redwood City, California-based company was taken private last year by Permira and the Canada Pension Plan Investment Board for about US$5.3 billion. Informatica is aiming to go public again in early 2019, Chief Product Officer Amit Walia told Reuters in an interview.
2 min read · 24 August 2016
American International Group Inc is in early talks to sell Lloyd's of London Ltd's insurance operations to Canada Pension Plan Investment Board, Reuters reported, citing a story by the Wall Street Journal. If the deal comes through, it could fetch the insurance conglomerate hundreds of millions of dollars in proceeds. CPPIB is also in talks to buy a related reinsurance company based in Bermuda, the Journal story said.
2 min read · 23 August 2016
Spain's energy company Grupo Isolux Corsán SA said it is in talks to sell operating rights on Brazilian power transmission lines to Toronto-based Brookfield Asset Management Inc. The company said in a statement sent to Reuters that negotiations are advancing at good pace but it declined to elaborate. Isolux has licenses to operate about 4,700 kilometres of power transmissions lines in Brazil.
1 min read · 23 August 2016
Global private equity firm KKR is set to hire Ashish Shastry from Singapore-based Northstar Group as the head of its Southeast Asian business, sources told Reuters.
1 min read · 23 August 2016
Private equity firm Clearspring Capital Partners plans to sell Medical Pharmacies Group Ltd, a Canadian provider of drug services to nursing homes, in a deal that could fetch as much as $1 billion, sources told Reuters. Toronto-based Clearspring has hired investment banks BMO Capital Markets and Harris Williams to facilitate a sale, the sources said. Interest in Medical Pharmacies is expected to come from financial and strategic buyers on both sides of the U.S.-Canada border, and may include include private equity firms looking to expand into the fast-growing long-term care industry.
2 min read · 23 August 2016
Canadian oil producer Pacific Exploration & Production Corp said this week that a majority of its creditors approved a restructuring plan, which will help it emerge from bankruptcy, Reuters reported. The company said the plan was approved by 98.4 percent of the affected creditors, including Canadian private equity firm Catalyst Capital Group, which represented 97.2 percent in value of the eligible voting claims. Pacific Exploration expects to implement and complete the transaction later this year.
1 min read · 18 August 2016
