Private equity firm TPG plans to buy a 40 percent stake in the rural banking unit of BDO Unibank Inc, the Philippines' biggest lender said on Monday.
1 min read · 20 June 2016
Private equity fund Advent has made a bid for French aerospace and defense group Safran's (SAF.PA) biometric identification unit Morpho with the aim to merge it with Advent-owned French security badge maker Oberthur Technologies, Advent told French newspaper Le Figaro.
1 min read · 20 June 2016
Eldridge Industries, the U.S. owner of TV production company Dick Clark Productions and magazines Billboard and The Hollywood Reporter, told Reuters on Friday that it had hired investment banks to carry out a review of its media holdings.
2 min read · 20 June 2016
Oil and natgas producer Marathon Oil Corp (MRO.N) said on Monday it agreed to buy PayRock Energy Holdings LLC for $888 million from venture capital firm EnCap Investments, Reuters News reported.
1 min read · 20 June 2016
Buyout firm Francisco Partners and the private equity arm of activist hedge fund Elliott Management Corp are in advanced talks to acquire Dell Inc's software division for more than $2 billion, sources told Reuters News.
2 min read · 20 June 2016
Italy's space propulsion company Avio has hired Banca IMI and Citigroup as global coordinators for its initial public offering on the Milan stock market, sources told Reuters.
1 min read · 17 June 2016
Event technology provider PSAV Inc said it has postponed its initial public offering due to unfavorable equity market conditions, Reuters reported.
1 min read · 17 June 2016
U.S. business software company AppDynamics has hired investment banks Goldman Sachs Group Inc and Morgan Stanley as lead underwriters for an initial public offering (IPO) that could come later this year, a source told Reuters.
1 min read · 17 June 2016
U.S. private equity fund KKR and Mexico's Pemex are wrapping up details on a $1.2 billion sale and leaseback agreement, according to sources familiar with the operation, as the distressed state-owned oil company scrambles for extra cash.
2 min read · 17 June 2016
British private equity firm Apax Partners LLP is exploring a sale of Trader Corp which could value the Canadian provider of advertising for automotive dealers at more than US$1.5 billion, including debt, sources told Reuters. Apax is working with investment banks that include Goldman Sachs Group Inc on a sale process for Trader, the sources said. Trader will pursue an initial public offering if the acquisition offers it receives do not meet Apax's valuation expectations.
2 min read · 17 June 2016
