Australia's foreign investment watchdog cleared the US$6.8 billion buyout of port and rail freight giant Asciano Ltd, the company said, paving the way for the country's biggest foreign takeover in half a decade, Reuters reported. The ruling was widely expected because the deal involves selling half the company's port assets to an Australian company, Qube Holdings Ltd, while the other half goes to Canada's Brookfield Asset Management. Asciano's rail assets are, meanwhile, set to go to a China Investment Corp-led consortium as part of the deal. Canadian Pension Plan Investment Board is a member of that consortium.
2 min read · 27 July 2016
Private equity firm KKR & Co LP (KKR.N) reported higher-than-expected earnings on Tuesday, benefiting from a steady rise in oil prices and stronger U.S. equity and credit markets, Reuters News reported.
2 min read · 27 July 2016
Analog Devices Inc (ADI.O) said on Tuesday it would buy fellow chipmaker Linear Technology Corp (LLTC.O) for about $14.8 billion, the latest deal in a wave of consolidation that has swept the semiconductor industry in the past two years, Reuters News reported.
2 min read · 27 July 2016
Goldman Sachs Group Inc (GS.N) was sued on Tuesday by a major shareholder of a Malaysian bank it once advised, and which accused the Wall Street bank of fraudulently shortchanging it in a merger to curry favor with that country's prime minister, Reuters reported.
3 min read · 26 July 2016
Germany's Osram has agreed to sell Ledvance, a general lighting lamps business it has carved out, to a Chinese consortium for more than 400 million euros ($439 million), Reuters reported.
1 min read · 26 July 2016
Abraaj Group expects to complete at least four or five acquisitions in Turkey in the next two years, a senior executive told Reuters on Tuesday, despite the political turmoil currently dominating the country.
2 min read · 26 July 2016
Swedish buyout group Nordic Capital has started preparations for the sale of Swedish air treatment company Munters in a potential 1 billion euro ($1.10 billion) deal, sources told Reuters.
1 min read · 26 July 2016
Private equity firm KKR & Co LP (KKR.N) on Tuesday reported higher-than-expected earnings as a rebound in investment returns and stabilizing financial markets helped to lift performance, Reuters News reported.
1 min read · 26 July 2016
Canadian organic food company SunOpta Inc, already under pressure from U.S. hedge fund Tourbillon Capital Partners LP, is being prodded by a second activist shareholder to explore the sale of all or part of the company, sources told Reuters. Canadian hedge fund West Face Capital also wants SunOpta to look at board or management changes if sales don't materialize. West Face's move comes as SunOpta, whose brands include Nature's Finest and Sunrich Naturals, has received interest from private equity firms, some of the sources said.
3 min read · 25 July 2016
U.S. and European buyout funds are gearing up for SABMiller's (SAB.L) sale of its central and eastern European beer brands, with some seeking to join forces to snap up assets worth up to 7 billion euros ($7.7 billion), sources told Reuters.
3 min read · 25 July 2016
