Intertrust (INTER.AS) plans to buy rival Elian for 435 million pounds ($625.31 million) from private equity firm Electra Partners LLP to expand in the Cayman Islands, Guernsey, Luxembourg and the Netherlands, the Dutch trust firm said on Monday.
1 min read · 06 June 2016
Constellis Holdings LLC, the owner of the U.S. military security services business formerly known as Blackwater, is exploring a sale it hopes will value the company at as much as $1 billion, including debt, sources told Reuters.
2 min read · 06 June 2016
Real estate-focused private equity firm KingSett Capital is set to acquire 50 percent of Scotia Plaza, Canada's second tallest office building, from Dream Office REIT and H&R REIT, sources told Reuters. The potential sale comes about four years after Dream Office REIT, then called Dundee REIT, acquired two-thirds of the 2 million square-foot Scotia Plaza complex. H&R REIT bought the rest. The total sale price was about $1.3 billion.
2 min read · 06 June 2016
Three Gulf-based private equity firms are competing to acquire a minority stake in Saudi Arabia's Al Borg Medical Laboratories, sources told Reuters.
1 min read · 06 June 2016
BlackRock Inc (BLK.N) said it would sell a 43-storey Singapore office tower for $2.5 billion - one of at least three office building deals in the last two months for a market gripped by worries about oversupply and rising vacancies, Reuters News reported.
3 min read · 06 June 2016
Real Matters, a Canadian provider of real estate industry data, is looking to raise at least $100 million in an initial public offering this fall that could value the company at close to $1 billion, sources told Reuters. The Markham, Ontario-based company could raise as much as $200 million, but a decision will be made closer to the listing date, likely in September or October, the sources said. The move comes after Real Matters in April raised $100 million in equity through a private placement. The investors in that round included Canadian venture capital firm Whitecap Venture Partners.
2 min read · 03 June 2016
Empire Today LLC, the privately held U.S. carpet, hard-floor and window treatment retailer known for its catchy, digit-bearing advertising jingle, is up for sale, sources told Reuters.
2 min read · 03 June 2016
Canada's Alimentation Couche-Tard Inc and Japan's Seven & i Holdings Co Ltd have submitted indicative offers to acquire U.S. convenience store retailer CST Brands Inc (CST.N), sources told Reuters. Couche-Tard and Seven & i, the owner of U.S. convenience store chain 7-Eleven, are competing against several other bidders for the company, including a consortium of U.S. private equity firms Blackstone Group LP and Apollo Global Management LLC. CST's market capitalization is currently estimated at about US$3.4 billion.
2 min read · 03 June 2016
Canada's Alimentation Couche-Tard Inc (ATDb.TO) and Japan's Seven & i Holdings Co Ltd (3382.T) have submitted indicative offers to acquire U.S. convenience store retailer CST Brands Inc (CST.N), sources told Reuters.
2 min read · 03 June 2016
Commercial real estate manager NorthStar Asset Management Group Inc (NSAM.N), real estate investment trust NorthStar Realty Finance Corp (NRF.N) and private-equity firm Colony Capital Inc (CLNY.N) said they would merge in an all-stock deal, Reuters reported.
1 min read · 03 June 2016
