Singapore sovereign wealth fund GIC has struck a deal with Canadian utility Fortis Inc to buy a 19.9 percent stake in ITC Holdings Corp for $1.23 billion, Reuters News reported.
1 min read · 20 April 2016
Privately held outdoor retailer Bass Pro Shops has partnered with Goldman Sachs Group Inc's private equity arm to make an offer for U.S. hunting and fishing store chain Cabela's Inc, Reuters News reported.
2 min read · 20 April 2016
A group of investors comprising sovereign wealth fund China Investment Corp (CIC), KKR & Co (KKR.N) and Baring Private Equity Asia is in talks to buy a controlling stake in Yum Brands Inc's (YUM.N) China unit, Reuters News reported.
2 min read · 20 April 2016
Verizon Communications Inc (VZ.N) was set on Tuesday to advance to the second stage of bidding for Yahoo Inc's (YHOO.O) core assets, as the U.S. internet company went through offers to put together a short list, Reuters News reported.
3 min read · 20 April 2016
(Reuters) Private equity firm Francisco Partners will buy Israel’s SintecMedia for $400 million, the Calcalist financial daily reported on Tuesday, without citing sources. SintecMedia was founded in 2000 and is backed by private equity firm Riverwood Capital.
1 min read · 19 April 2016
(Reuters) Chevron Corp has signed an agreement to sell its Hawaii refinery to private equity firm One Rock Capital Partners. Terms of the deal were not disclosed, but industry estimates ahead of the sale pegged its value between $75 million and $300 million.
2 min read · 19 April 2016
GP Investments Acquisition Corp (GPIAC) (GPIA.O) said it agreed to buy the owner of World Kitchen LLC, which makes Pyrex and Corelle kitchenware, in a $566 million cash-and-stock deal.
1 min read · 19 April 2016
Privately held outdoors retailer Bass Pro Shops has partnered with Goldman Sachs Group Inc's (GS.N) private equity arm to make an offer for U.S. hunting and fishing store chain Cabela's Inc (CAB.N), according to people familiar with the matter.
2 min read · 19 April 2016
U.S. private equity firm Thomas H. Lee Partners LP is in advanced talks to acquire Give and Go Prepared Foods Corp, a Canadian maker of thaw-and-serve sweet baked goods such as Two-Bite Brownies, sources told Reuters. OMERS Private Equity, the buyout arm of the Ontario Municipal Employees Retirement System, which owns Give and Go Prepared Foods, has granted Thomas H. Lee exclusivity in its negotiations in order to reach a deal, the sources said. OMERS bought the company from Canadian private equity firm Kilmer Capital Partners in 2007.
2 min read · 19 April 2016
Pacific Exploration and Production Corp has reached a deal with debt-holders, including Catalyst Capital Group, to convert almost all of its debt to equity as it looks to fight a prolonged slump in oil prices, Reuters reported. About US$5.3 billion of the company's debt will be exchanged for 58.2 percent of its common shares under the restructuring deal, Toronto-based Pacific Exploration said. Catalyst has agreed to provide half of the US$500 million in debtor-in-possession financing and will own a 29.3 percent stake in the restructured business.
2 min read · 19 April 2016
