Private equity firm CVC Capital Partners has made a $1.1 billion buyout offer, in cash and shares, to Nirvana Asia Ltd (1438.HK), Asia's largest funeral services firm, betting on rising ranks of the wealthy in the region increasing demand for luxury funerals, Reuters reported.
2 min read · 08 July 2016
Buyout groups Triton, Equistone and an Asian chemicals company are preparing offers for a former business of Germany's Evonik (EVKn.DE) put on the block by its private equity owner, sources told Reuters.
1 min read · 08 July 2016
Video conferencing equipment maker Polycom Inc said it agreed to be bought by a U.S. private equity firm for about US$1.7 billion, scrapping a three-month old deal with Canada's Mitel Networks Corp, Reuters reported. The private equity firm, Siris Capital Group, offered US$12.50 a share in cash for Polycom. The deal thwarts a plan by U.S. activist hedge fund Elliott Management, which bought stakes in both Polycom and Mitel and played a leading role in getting the two to agree to a merger.
2 min read · 08 July 2016
Goldman Sachs (GS.N) has hired the former head of the European Commission Jose Manuel Barroso as an advisor and non-executive chairman of its international unit, the U.S.-based investment bank said on Friday.
1 min read · 08 July 2016
strong>Emerson Electric's alternator unit Leroy Somer is expected to attract firm offers from two Chinese companies as well as one buyout group in a potential 1 billion euro ($1.1 billion) deal, sources told Reuters.
1 min read · 08 July 2016
Shares in Danish telecoms company TDC (TDC.CO) jumped more than 10 percent on Friday after it said it had rejected a potential takeover approach believed to be from private equity firm Apollo Global Management (APO.N).
2 min read · 08 July 2016
Video conferencing equipment maker Polycom Inc said it agreed to be bought by a private equity firm for about $1.7 billion, scrapping a three-month old deal with Canada's Mitel Networks Corp.
1 min read · 08 July 2016
Canadian mergers and acquisitions slipped in the first half of 2016, with sluggish activity in natural resource sectors offsetting some large infrastructure deals, Reuters reported, citing data released by Thomson Reuters. Deal volume fell to US$108.2 billion from US$137.9 billion a year ago, the data showed. Goldman Sachs topped the league tables, Barclays Plc ranked second, and Lazard was third. CIBC, Scotiabank and RBC were the strongest performing domestic banks.
2 min read · 07 July 2016
Canadian mergers and acquisitions slipped in the first half of 2016, with sluggish activity in natural resource sectors offsetting some large infrastructure deals, according to Thomson Reuters data released on Thursday.
2 min read · 07 July 2016
Activist hedge funds were choosier in throwing their weight around corporate boardrooms during the first half of the year as they managed a smaller cash pile and struggled to beat benchmark returns, Reuters reported. Activist investors, including billionaires like Pershing Square Capital Management's William Ackman and Trian Fund Management's Nelson Peltz, mounted 75 activist campaigns, a 7 percent drop from the first half of 2015 when they mounted 81, according to new data to be released by London-based research group Activist Insight. This year's figure is the lowest since the first half of 2013.
2 min read · 07 July 2016
