Hostess Brands LLC, the maker of Twinkies, said it had entered into a deal with Gores Holdings Inc (GRSH.O) to go public, Reuters News reported.
1 min read · 05 July 2016
British private equity firm Apax Partners LLP said it will sell Trader Corp, a Canadian provider of advertising for automotive dealers, to U.S. peer Thoma Bravo for about $1.57 billion, Reuters reported. The deal is expected to close in the fourth quarter. Trader Corp offers digital advertising tools to automotive dealers and also runs online car marketplaces, including autoTRADER.ca, which generate 13 million visits each month.
1 min read · 03 July 2016
Australian cancer treatment provider Icon Group said it expects its biggest investor, private equity firm Quadrant, to sell its 55 percent stake in an initial public offering by mid-2017, and said Icon is now worth A$1 billion ($745 million) in total.
2 min read · 01 July 2016
Apple Leisure Group, a resort operator in the Caribbean and Mexico, is exploring a sale that could value it at more than $1.5 billion, including debt, after attracting interest from Chinese companies, sources told Reuters.
2 min read · 01 July 2016
2 min read · 01 July 2016
The value of announced mergers and acquisitions (M&A) worldwide dropped by a third in the second quarter of 2016, as a wave of transactions were abandoned in the wake of concerns over regulatory and tax risks or national security, Reuters reported. While 2015 was a record year for M&A, 2016 is shaping up to be a record year for 'broken' deals, as the United States flexes its antitrust muscle and seeks to crack down on deals that aid tax avoidance or risk harming national security. Coupled with market volatility triggered by Britain's vote to leave the European Union last week, this has dented some of the confidence required by corporate boards to approve deals.
4 min read · 30 June 2016
Fund manager Fidelity plans to move around 100 jobs from Britain to Dublin as a part of its long-term strategy, a spokesperson said in an email to Reuters.
1 min read · 30 June 2016
Laurentian Bank of Canada said it would acquire CIT Group Inc's Canadian equipment financing and corporate financing business, a portfolio worth about $1 billion, Reuters reported. The deal is expected to close in the fourth quarter of this year.
1 min read · 30 June 2016
British private equity firm 3i has no plans to dispose of its investment in Dutch discount retailer Action despite a number of approaches, the company said on Thursday.
1 min read · 30 June 2016
Motoring group AA Plc (AAAA.L) said it had agreed to sell its Irish business to a Carlyle Group (CG.O) fund and financial services buyout team for 156.6 million euros ($173.7 million).
1 min read · 30 June 2016
