Spain's Abertis said that, together with a unit of Canada's Brookfield Asset Management, it will launch a bid for the shares of Brazil's Arteris it doesn't already own for 10.15 reais (US$2.87) per share, Reuters reported. The offer, to be finalized May 17, is aimed at de-listing Arteris from the Brazilian market. The São Paulo-based company is an operator of toll road concessions.
1 min read · 18 April 2016
Silicon Valley veteran Bill Campbell, who advised tech leaders including Apple's Steve Jobs and Amazon.com's Jeff Bezos, has died, technology website Re/code reported on Monday.
1 min read · 18 April 2016
CVC Capital Partners, Qatar's QIA and Canada's Brookfield Asset Management have abandoned a secret plan to bid for British supermarket group J.Sainsbury plc, Reuters reported, citing a story by Sky News. Sky said the trio had dropped a planned takeover, hatched in the autumn, after Sainsbury's made a 1.4 billion pound (US$2 billion) bid for Home Retail Group, the owner of Argos.
1 min read · 18 April 2016
Three consortia of Australian and international funds have submitted bids for a 50-year lease of the Port of Melbourne, Australia's biggest shipping container terminal, sources told Reuters. The state government of Victoria aims to raise at least A$5.3 billion (US$4.1 billion) before the end of 2016, as part of a broader Australian government privatization program to help cut debt and upgrade the country's infrastructure. Canada's Borealis Infrastructure Trust is a member of one of the bidding groups, the sources said.
2 min read · 18 April 2016
Canada's second biggest public pension fund Caisse de depot et placement du Quebec said on Friday that Andreas Beroutsos had decided to step down as executive vice president, private equity and infrastructure.
1 min read · 18 April 2016
Canada's second biggest public pension fund manager the Caisse de dépôt et placement du Québec said that Andreas Beroutsos had decided to step down as executive vice president, private equity and infrastructure, Reuters reported. The Montréal-based pension fund manager said he will stay on for a few months to ensure an orderly transition to his as yet unnamed successor and will continue to represent the Caisse on certain boards of directors.
1 min read · 15 April 2016
Ottawa-based Mitel Networks Corp said it would acquire fellow voice and telephony gear maker Polycom Inc for about US$1.96 billion in cash and stock, satisfying a demand from U.S. hedge fund Elliott Management, Reuters reported. The combined company will have its headquarters in Canada and will operate under the Mitel name while retaining the Polycom brand.
2 min read · 15 April 2016
(Reuters) Andrew Caspersen, an ex-partner at a unit of investment bank PJT Partners Inc accused of orchestrating a $95 million scheme to defraud investors, will likely soon reach a deal with federal prosecutors to resolve the case, his lawyer said.
2 min read · 15 April 2016
(Reuters) Tech startups aimed at businesses rather than consumers are winning more funding from increasingly wary venture capital investors who want to see a return on their cash sooner rather than later. This shift has enabled Soundtrack Your Brand, which plans a U.S. launch this year, to secure $11 million to back its tailor-made music playlists for companies with deep pockets like Starbucks and McDonald’s.
4 min read · 14 April 2016
Oil and gas producer Pacific Exploration & Production Corp said its board has agreed to negotiate a financial restructuring involving Canadian private equity firm Catalyst Capital Group Inc and its creditors, Reuters reported. Pacific Exploration, which has defaulted on certain senior notes and credit agreements, said earlier this week that it has received proposals from third parties regarding the restructuring.
2 min read · 14 April 2016
