Private equity firm TPG Capital said it would buy broadband services providers RCN Telecom Services LLC and Grande Communications Networks LLC for $2.25 billion.
1 min read · 15 August 2016
U.S. private equity firm Kohlberg Kravis Roberts & Co may bid for Canadian television distributor Entertainment One Ltd after the owner of the preschool cartoon character "Peppa Pig" rejected an offer from U.K. broadcaster ITV Plc, Reuters reported, citing a Bloomberg story. KKR has not decided whether to make a bid, sources told Bloomberg. Entertainment One last week rejected a US$1.3 billion takeover offer from British broadcaster ITV, saying it undervalued the production and distribution company.
2 min read · 15 August 2016
The New York Stock Exchange (NYSE) sees technology companies driving a revival in new Asian listings and expects double-digit IPOs through the end of 2017 from the region, the exchange's global head of capital markets said in an interview, Reuters News reported.
3 min read · 15 August 2016
Ride hailing company Lyft rebuffed acquisition interest from General Motors Co and will raise a new funding round instead, technology website The Information reported on Friday, citing two people familiar with the situation.
1 min read · 15 August 2016
Private-equity firm KKR & Co (KKR.N) may bid for television distributor Entertainment One Ltd (ETO.L) after the owner of the preschool cartoon character "Peppa Pig" rejected an offer from UK broadcaster ITV Plc (ITV.L), Bloomberg reported on Sunday.
1 min read · 15 August 2016
Rizvi Traverse Management LLC, managed by secretive investor Suhail Rizvi, has halved its stake in Twitter Inc and increased its holding in mobile payments company Square Inc, regulatory filings showed on Friday.
1 min read · 12 August 2016
Mondelez International Inc is to buy the rights to sell Cadbury-branded biscuits from Britain's Burton's Biscuit Co in a bid to sell more and combine chocolate and biscuits in new products, Reuters reported. Financial terms were not disclosed, but a July news report said Mondelez had offered Burton's about 200 million pounds (US$259.4 million). Burton's has been owned by Ontario Teachers' Pension Plan since November 2013.
1 min read · 12 August 2016
Swiss commodity trader and miner Glencore has shelved plans to sell a copper mine in Chile that was expected to fetch about US$500 million, sources told Reuters. Interest in the mine came from Magris Resources, a Canadian private equity firm run by former Barrick Gold Corp CEO Aaron Regent, as well as other PE firms and mining companies, the sources said.
3 min read · 12 August 2016
The Caisse de dépôt et placement du Québec said it would take control of a major cement project in Québec hit by massive cost overruns, and agreed to a new $250 million round of financing to complete it, Reuters reported. The Caisse, already an investor in the project, said it would invest an additional $125 million with funds managed by BlackRock Alternative Investors, which is also investing $125 million. The McInnis Cement project faced between $400 and $450 million in cost overruns and that it had insisted on a "change of control and a change in management" for the $1.1 billion cement project in Québec's Gaspé peninsula.
2 min read · 12 August 2016
The Canada Pension Plan Investment Board warned on Thursday of more uncertainty following Britain's decision to leave the European Union after the vote curbed gains in its investments during the last quarter, Reuters reported.
2 min read · 11 August 2016
