US private equity firm KKR has signed an agreement with two big Greek banks to expand a new platform that partners with lenders to provide capital and manage exposures to non-core and underperforming assets, Reuters News reported.
2 min read · 17 May 2016
Carlyle Group (CG.O) on Monday announced an investment in Tunisia-focused oil and gas explorer Mazarine Energy which will also receive $500 million to make bolt-on acquisitions in Europe and North Africa, Reuters News reported.
2 min read · 16 May 2016
Warren Buffett struck media gold with a 2012 investment in debt-laden Media General Inc. Now the famed investor may try to reprise that success by supporting a bid for Yahoo Inc's Internet assets, Reuters News reported.
4 min read · 16 May 2016
Oaktree Capital Management urged newspaper publisher Tribune Publishing to negotiate a merger with Gannett Co Inc after it declined a purchase offer by Gannett, Barron's reported, citing 13D filings from May 5-11.
1 min read · 16 May 2016
U.S. venture capitalists are raising money at the fastest rate in a decade, raking in about US$13 billion in the first quarter of 2016, Reuters reported. But much of that cash won’t flow into new startups anytime soon. Rather, venture firms are bracing for a downturn and boosting reserves to keep companies they have already backed from going bust, said venture capitalists and limited partners.
5 min read · 13 May 2016
Brazil's state-controlled Petróleo Brasileiro SA has entered exclusive talks with Brookfield Asset Management over the sale of natural gas pipeline unit Nova Transportadora do Sudeste SA, as part of a plan to dispose of US$15 billion of non-essential assets by year-end. Reuters reported earlier, citing sources, that Brookfield had offered 18 billion reais (US$5.2 billion) to acquire NTS, as the unit is known, trumping rival bids.
2 min read · 13 May 2016
Sirius XM Canada Holdings Inc said that SiriusXM Holdings Inc, its biggest shareholder, along with two of its top Canadian shareholders, will take the satellite radio service private, Reuters reported. The deal, which values Sirius XM Canada at about $472 million, will see SiriusXM Holdings increase its stake in Sirius XM Canada to 70 percent. The balance will be held by Slaight Communications Inc and Toronto-based private equity firm Obelysk Media.
2 min read · 13 May 2016
Venture capitalists are raising money at the fastest rate in a decade, raking in about $13 billion in the first quarter of 2016. But much of that cash won't flow into new startups anytime soon.
5 min read · 13 May 2016
Canada's Competition Bureau said it would not block Lowe's Companies Inc's proposed purchase of Canadian company Rona Inc, saying it was satisfied the deal would not substantially lessen competition, Reuters reported. The $3.2 billion takeover bid, which Lowe's unveiled in February, will help the U.S. home improvement retailer compete with Home Depot Inc. Rona's largest investor, the Caisse de dépôt et placement du Québec, has approved the deal.
1 min read · 12 May 2016
At least six offers have been submitted for France's 60 percent stake in Lyon-Saint Exupéry Airport along with three bids for a similar stake in Nice Côte D'Azur Airport, sources told Reuters. France kicked off the privatization of both airports in March as part of plans to raise cash to help meet budget deficit targets. Canadian pension funds Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan are among the many investors expected to submit bids for stakes in one or both of the airports.
2 min read · 12 May 2016
