Private equity firm Thoma Bravo LLC is preparing to submit a binding bid for Qlik Technologies Inc (QLIK.O) as early as Tuesday that will value the U.S. data analytics firm at as much as $2.8 billion, according to people familiar with the matter.
2 min read · 31 May 2016
The Asia unit of the Industrial and Commercial Bank of China Ltd is setting up a 1 billion euro ($1.1 billion) fund to invest in central and eastern European countries under its "One Belt, One Road" strategy, Reuters reported.
1 min read · 31 May 2016
Abu Dhabi Financial Group, Al Mal Capital and Arqaam Capital are among the bidders for Dubai Group's 48.4 percent stake in Shuaa Capital, sources told Reuters.
2 min read · 31 May 2016
Michael Dell and Silver Lake Partners underpriced their 2013 $24.9 billion buyout of Dell Inc by about 22 percent and may have to pay tens of millions to investors who opposed the deal for the computer maker, a Delaware judge ruled on Tuesday.
2 min read · 31 May 2016
Carmila, the shopping mall property unit of French retailer Carrefour (CARR.PA), is readying itself for a possible initial public offering, should its shareholders decide to go ahead with the plan, its chief executive said on Tuesday.
2 min read · 31 May 2016
Marketo Inc (MKTO.O), a maker of cloud-based marketing software, said on Tuesday it agreed to be bought by private equity firm Vista Equity Partners, in a cash deal valued at about $1.79 bln.
1 min read · 31 May 2016
Swedish buyout house EQT has sold its medical devices business Atos Medical to private equity firm PAI Europe, it said on Monday, with sources valuing the deal at about 850 million euros ($946 million), Reuters News reported.
1 min read · 31 May 2016
Great Plains Energy Inc (GXP.N), the parent of regulated power utility Kansas City Power & Light, will buy rival Westar Energy Inc (WR.N) for $8.6 billion in cash and stock as it looks to gain scale to better compete in a challenging market, Reuters News reported.
1 min read · 31 May 2016
The world's biggest hedge funds lost market share to smaller rivals over the last year as a result of under-performance, Reuters reported citing data from Preqin. Total assets held by hedge funds with more than US$1 billion dropped to 88 percent in the year to end-March 2016 from 92 percent in the year-earlier period, the data showed. The slide in market share for larger investors did not stop funds from joining the billion-dollar club, with a further 98 reaching the total over the year.
1 min read · 30 May 2016
U.S. hedge fund Tourbillon Capital Partners LP has sent a letter to SunOpta Inc, urging that the Canadian natural and organic food company be sold to increase shareholder value, Reuters reported, citing a recent regulatory filing. The US$4 billion hedge fund has a 9.9 percent stake in the company.
1 min read · 27 May 2016
