Buyout group Carlyle (CG.O) has bought a minority stake in German clinic chain Schoen to help the family-owned company expand in its home market as well as abroad, Reuters News reported.
1 min read · 29 June 2016
Canadian Imperial Bank of Commerce said it would buy Chicago-based PrivateBancorp Inc in a cash-and-stock deal valued at about $3.8 billion to offer its Canadian clients access to U.S. banking services, Reuters News reported.
2 min read · 29 June 2016
Canadian hedge fund West Face Capital is pushing SNC-Lavalin Group Inc to sell its stake in Ontario’s 407 toll highway, a move that could fetch the engineering and construction company more than $5 billion, sources told Reuters. West Face is an SNC shareholder but has not disclosed the size of its holding. SNC owns about 17 per cent of Highway 407. Other 407 investors are Ferrovial SA, and Canada Pension Plan Investment Board.
1 min read · 28 June 2016
Extra money pouring into Canada's national pension plan following an agreement to raise premiums should be invested more conservatively than existing funds, Canada's chief actuary told Reuters. Canada Pension Plan Investment Board (CPPIB) has grown rapidly since its creation in 1997 through a strategy of directly investing in assets, including real estate and infrastructure, and diversifying globally to reduce its reliance on volatile equity markets and low-yielding government bonds.
2 min read · 28 June 2016
Apartment-sharing startup Airbnb is in talks for a new round of funding that would value the company at $30 billion, a source told Reuters.
1 min read · 28 June 2016
German industrial group Siemens plans to invest $1.1 billion over the next five years in a new startups unit to help it develop businesses in areas such as artificial intelligence and decentralized electrification.
1 min read · 28 June 2016
Kinder Morgan Inc said it agreed to sell half of its stake in an Ohio pipeline project to Riverstone Investment Group LLC and the private equity firm would help fund construction and commissioning of the pipeline.
1 min read · 28 June 2016
Healthcare services provider McKesson Corp (MCK.N) said it would combine most of its information technology business with Change Healthcare Holdings Inc to form a new company with combined pro forma annual revenue of $3.4 billion.
2 min read · 28 June 2016
Singapore's sovereign-wealth fund GIC is in talks to buy Denver-based Yes Communities, an owner of manufactured-housing communities, in a $2 billion deal, the Wall Street Journal reported, citing people familiar with the matter.
1 min read · 28 June 2016
Specialty pharmaceutical company Horizon Pharma Plc (HZNP.O) has hired Bank of America Corp (BAC.N) to help it explore selling a significant equity stake to an investor that would bolster its balance sheet, Reuters News reported.
2 min read · 28 June 2016
