The US$6.8 billion buyout of Australian port and rail freight giant Asciano Ltd by global investors was approved by a court on Thursday, clearing the final hurdle for the country's biggest foreign takeover in five years, Reuters reported. The takeover involves selling Asciano's port assets in a split between Canada's Brookfield Asset Management and Australian stevedoring company Qube Holdings Ltd, while a consortium involving government-owned China Investment Corp will take its rail assets. Canada Pension Plan Investment Board is partnering with CIC on the rail-assets acquisition, while British Columbia Investment Management Corp is investing alongside Brookfield.
1 min read · 28 July 2016
Fosun International Ltd is in advanced talks to buy Brazilian fund manager Rio Bravo Investimentos Ltda, a source told Reuters, in what would be the Chinese firm's first investment in Brazil.
1 min read · 28 July 2016
Abu Dhabi state investment fund Mubadala has agreed to acquire a 20 percent stake in Investcorp, the Bahrain-based alternative investment firm said in a statement on Thursday.
1 min read · 28 July 2016
Shanghai Fosun Pharmaceutical Group Co Ltd has agreed to buy Gland Pharma - backed by KKR & Co LP - for about $1.4 billion, a person with direct knowledge of the matter told Reuters News, in India's largest inbound acquisition this year.
2 min read · 28 July 2016
SABMiller (SAB.L) has told employees to pause the integration of its operations with those of Anheuser-Busch InBev (ABI.BR) as the brewer's board weighs its sweetened takeover offer, Reuters said.
3 min read · 28 July 2016
Stephen Blyth, who was appointed to oversee Harvard University's endowment only 18 months ago, has resigned, the Ivy League school said on Wednesday, creating further uncertainty about the management of its $37.6 billion pool of funds.
2 min read · 27 July 2016
Private equity firm Mid Europa Partners is pressing ahead with the sale of its Polish convenience chain Zabka Polska and has asked JPMorgan to handle negotiations with prospective bidders, sources told Reuters.
2 min read · 27 July 2016
China's Le Holdings Co Ltd (300104.SZ), also known as LeEco, said on Tuesday it would buy U.S. consumer electronics company Vizio Inc (VZIO.O) for $2 billion.
1 min read · 27 July 2016
Private equity firm Carlyle Group L.P. (CG.O) posted higher-than-expected quarterly earnings on Wednesday, in line with its peers, as a firmer global financial market bolstered investment returns, Reuters reported.
1 min read · 27 July 2016
Shanghai Fosun Pharmaceutical (Group) Co (2196.HK) will sign a definitive agreement on Wednesday to buy a controlling stake in India's Gland Pharma in a $1.4 billion deal, the Economic Times newspaper reported, citing a source with direct knowledge.
1 min read · 27 July 2016
