Riverstone Holdings Ltd is the top contender to buy U.S.-based Talen Energy Corp, formed when the private equity firm merged some of its power plants with PPL Corp's power generation unit, Bloomberg reported.
1 min read · 09 May 2016
Private equity firm Colony Capital Inc (CLNY.N) is in talks to buy commercial real estate manager NorthStar Asset Management Group Inc (NSAM.N), Reuters News reported.
1 min read · 09 May 2016
Swiss commodity trader and miner Glencore is in talks to sell a further 9.9 percent stake in its agricultural unit, negotiating with bidders that missed out on the 40 percent sold to Canada Pension Plan Investment Board, sources told Reuters. Bidders include a different Canadian pension fund, state-backed Saudi Agricultural and Livestock Investment Co and Qatar's sovereign wealth fund, the sources said. The 9.9 percent stake is valued at around US$625 million.
2 min read · 06 May 2016
Telus Corp, one of Canada's three big telecom providers, said it would sell a 35 percent stake in outsourcing service provider Telus International, and plans to use the proceeds to expand its wireless and wireline networks, Reuters reported. Vancouver-based Telus said it would sell the stake in Telus International to Baring Private Equity Asia for proceeds of about $600 million. The deal values the business unit at $1.2 billion.
2 min read · 05 May 2016
Ford Motor Co is investing $182.2 million in San Francisco-based Pivotal Software, underscoring the pressure carmakers face to boost their technology platforms given the rise of connected and self-driving cars, Reuters News reported.
2 min read · 05 May 2016
California Public Employees' Retirement System said it bought a 10 percent share of the Indiana Toll Road Concession Co LLC (ITRCC) from fund manager IFM Investors, marking its first investment in U.S. transportation, Reuters News reported.
1 min read · 05 May 2016
Tribune Publishing Co (TPUB.N) said on Wednesday its board unanimously rejected Gannett Co Inc's (GCI.N) unsolicited takeover offer and will proceed instead with a strategic plan to revive its print business and tap growth in digital content, Reuters News reported.
2 min read · 05 May 2016
A handful of private equity firms have passed to the second round of bidding in an auction for Swedish medical devices firm Atos Medical, which could fetch around 1 billion euros ($1.15 billion), Reuters reported.
2 min read · 03 May 2016
It is hard to tell whether a $400 million Canadian venture capital fund will boost innovation as intended because there are few ways to measure its effectiveness, Reuters reported, quoting the country's top independent watchdog. The previous Conservative government set up the so-called Venture Capital Action Plan in 2013 to stem the loss of young entrepreneurs to the United States and to rekindle investor interest in providing startup funds for new ventures. Auditor General Michael Ferguson, who reports to parliament, said Ottawa had too few tools to measure its success.
2 min read · 03 May 2016
Contract medical research provider Quintiles Transnational Holdings Inc will merge with healthcare information company IMS Health Holdings Inc in a deal worth about US$9 billion, Reuters reported. The combined company, Quintiles IMS Holdings Inc, will have a market value of nearly US$18 billion. Danbury, Conn.-based IMS Health went public in 2014 after being held for four years by Canada Pension Plan Investment Board and other private equity investors. The company remains a portfolio investment of CPPIB.
2 min read · 03 May 2016
