Jimmy John's Franchise LLC, the popular U.S. gourmet sandwich chain which explored an initial public offering (IPO) last year, is now seeking to sell a major equity stake to private investors, sources told Reuters News.
2 min read · 30 June 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 News reported.
4 min read · 30 June 2016
Lions Gate Entertainment Corp, the film studio behind the Hunger Games movie franchise, is in advanced talks to buy premium television network Starz, in a deal that would unite two media companies with ties to cable mogul John Malone, Reuters News is reporting.
1 min read · 30 June 2016
Brookfield Asset Management Inc reported a 12.13 percent stake in TerraForm Power Inc, one of the two units of bankrupt solar company SunEdison Inc, Reuters reported. The deal makes the Canadian asset manager the biggest shareholder in TerraForm after BlueMountain Capital Management LLC. David Tepper's hedge fund Appaloosa Management LP also has a stake in the company. SunEdison, once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection in April.
2 min read · 29 June 2016
Canadian Imperial Bank of Commerce said it will buy Chicago-based PrivateBancorp Inc in a US$3.8 billion cash-and-share deal, its biggest ever acquisition and a long-awaited expansion in U.S wealth management, Reuters reported. CIBC has been in talks with potential U.S. targets for some time as it looked to expand its wealth management business. The bank sees the sector as a growth area that could help offset sluggish domestic growth and a low-interest-rate environment.
3 min read · 29 June 2016
Private equity group PAI Partners and Goldman Sachs' investment arm have mandated Morgan Stanley and Goldman Sachs to sell building materials maker Xella after failing to float it last year, sources told Reuters.
2 min read · 29 June 2016
Sungevity Inc, the No. 5 U.S. rooftop solar company by market share, on Wednesday said it would list its shares after a reverse merger by a shell company, allowing it to tap the public markets at a difficult time for solar stocks, Reuters reported.
2 min read · 29 June 2016
Talend SA filed with U.S. regulators on Tuesday to raise up to $86.25 million in an initial public offering of common stock, Reuters reported.
1 min read · 29 June 2016
Swiss asset manager GAM has bought British hedge fund firm Cantab Capital Partners in a $217 million deal to increase its offering of computer-driven quantitative investment funds that cash in on identifying trends in global financial markets, Reuters reported.
2 min read · 29 June 2016
French private equity firm Ardian said on Wednesday it had raised 1 billion euros in its latest fundraising round for investments in small and mid-sized companies in France, Germany, Italy, Belgium, Austria and Spain, Reuters News reported.
1 min read · 29 June 2016
