Shares of Japanese messaging app operator Line Corp soared as much as 36 percent in their U.S. market debut on Thursday, valuing the high-profile tech startup at $9.34 billion in the biggest tech IPO this year, Reuters reported.
2 min read · 14 July 2016
U.S. oil and gas company Devon Energy Corp will sell its 50 percent stake in a pipeline in Western Canada for US$1.1 billion ($1.4 billion) to a midstream company backed by the Canada Pension Plan Investment Board, Reuters reported. Oil prices are yet to fully recover from the slump last year, forcing companies in the sector to sell non-core assets to lower debt and finance new projects. This has given investment firms, including CPPIB, a chance to buy assets at attractive valuations. In the past month, CPPIB has acquired assets from Canadian producers Penn West Petroleum Ltd and Paramount Resources Ltd through companies it holds stake in.
2 min read · 14 July 2016
The private equity owner of Dutch waste management group Attero has begun talks to sell it for around 1 billion euros ($1.1 billion) after being approached by several Chinese companies vying for technology to tackle the country's pollution problems, sources told Reuters.
3 min read · 14 July 2016
Digital Bridge Holdings LLC, a firm that invests and operates companies that power wireless communications, is buying DataBank Ltd, a private Dallas-based data center company, the companies said on Thursday.
2 min read · 14 July 2016
Seoul-based private equity firm MBK Partners is planning to buy Japanese golf course operator Accordia Golf Co (2131.T) in a deal that could value the company as much as 160 billion yen ($1.5 billion), three people with direct knowledge of the matter told Thomson Reuters LPC.
2 min read · 14 July 2016
Chinese real estate and entertainment conglomerate Dalian Wanda Group has held talks with Viacom Inc about acquiring a minority stake in its Paramount Pictures unit, Reuters News reported.
3 min read · 14 July 2016
BlackRock Inc (BLK.N), the world's largest asset manager, reported a 3.7 percent fall in quarterly profit, reflecting a turbulent quarter for financial markets, Reuters News reported.
1 min read · 14 July 2016
Carlyle Group LP, the world's No. 2 private-equity manager, is in talks to sell its stake in Brazilian lingerie maker Scalina SA, following a series of setbacks that led to a debt restructuring, sources told Reuters.
3 min read · 13 July 2016
Wolf Infrastructure Inc, a Calgary-based midstream oil and gas company backed by the Canada Pension Plan Investment Board, is close to buying Devon Energy Corp's 50 percent stake in the Access Pipeline in Western Canada, Reuters reported, citing a Bloomberg story. The deal values Devon's stake in the Access Pipeline at as much as $1.5 billion and could be announced as early as this week, the report said. If the acquisition materialises, it will be the third in the energy sector involving CPPIB in recent weeks.
2 min read · 13 July 2016
Fund management and advisory company InfraPartners Management LLP (IPM) and Georgia's Partnership fund plan to invest $100 million in renewable energy-related infrastructure in the ex-Soviet country, the firm said on Wednesday.
1 min read · 13 July 2016
