Goldman Sachs Group Inc (GS.N) and Bain Capital Private Equity will acquire a majority stake in unlisted cosmetics maker Carver Korea Co Ltd, seeking to tap into the growing popularity of South Korean beauty products in markets such as China, Reuters News reported.
2 min read · 18 July 2016
SoftBank Group Corp (9984.T) has agreed to buy UK chip designer ARM Holdings PLC (ARM.L) in a 24.3 billion pound ($32.2 billion) cash deal, the two sides said on Monday, a bold bet on internet-connected machines that will transform the Japanese group, Reuters News reported.
4 min read · 18 July 2016
Specialty chemicals company Ferro Corp turned down acquisition offers from private equity firms Apollo Global Management LLC and CVC Capital Partners Ltd as too low, sources told Reuters.
1 min read · 15 July 2016
Silent Circle, a Geneva-based pioneer in the field of securing mobile communications, said on Friday that it has raised $50 million in a Series C financing round led by Santander Bank.
2 min read · 15 July 2016
Venture capital investments in U.S. technology startups rebounded in the second quarter, as a general stock market recovery helped restore confidence, Reuters reported. Investors plowed US$15.3 billion into venture-backed startups in the second quarter of this year, a 20.5 percent increase over the US$12.7 billion invested in the first quarter, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association. The report's conclusions are based on data from Thomson Reuters.
3 min read · 15 July 2016
Lupo SA, a Brazilian underwear producer, has agreed to buy Scalina SA, a lingerie and hosiery maker backed by Carlyle Group LP, for an undisclosed sum, Reuters reported.
1 min read · 15 July 2016
Venture capital investments in startups rebounded in the second quarter, as a general stock market recovery helped restore confidence, according to a new report published on Friday.
3 min read · 15 July 2016
Essar Steel Algoma Inc said U.S. private equity firm KPS Capital Partners had backed out of a consortium that made a bid for the Canadian steel maker, but that certain term lenders were still pursuing a bid, Reuters reported. A group that includes shareholders of Essar Global signed a letter of intent with a local unit of the United Steelworkers Union earlier this week to negotiate a deal to buy Algoma for about US$900 million.
1 min read · 14 July 2016
Essar Steel Algoma Inc said private equity firm KPS Capital Partners LP had backed out of a consortium that made a bid for the steel maker, but that certain term lenders were still pursuing a bid, Reuters reported.
1 min read · 14 July 2016
Williams Cos Inc's Canadian unit has attracted at least seven bidders, including Enbridge Inc and Pembina Pipeline Corp, that could pay the U.S. pipeline company up to US$2 billion, sources told Reuters. Pension funds including the Canada Pension Plan Investment Board, Ontario Teachers' Pension Plan and the Ontario Municipal Employees Retirement System, as well as U.S. companies, also expressed interest, the sources said. Tulsa, Oklahoma-based Williams is working with Barclays Plc and Toronto Dominion Bank on the sale.
2 min read · 14 July 2016
