(Reuters) AccorHotels, Europe’s largest hotel group, has bought British serviced home rental company onefinestay to strengthen its response to Airbnb and further expand its luxury portfolio. It paid 148 million euros ($168.5 million) for the startup, which previously raised $80.9 million in venture capital from Index Ventures, Canaan Partners, Hyatt, Intel Capital and others.
3 min read · 05 April 2016
Swiss miner and commodity trader Glencore Plc is in advanced talks to sell a stake in its agricultural business to Canada Pension Plan Investment Board (CPPIB), Reuters reported, citing a story by the Wall Street Journal. CPPIB would take a stake of up to 40 percent, valuing the business at about US$6 billion, the Journal reported. Reuters reported last October that Glencore was in discussions about selling an interest in its agricultural assets to a range of investors, including Canadian pension funds.
2 min read · 05 April 2016
Global distressed asset buyers such as J.C. Flowers & Co and Apollo Global are flocking to India, where banks have been ordered to clean up an estimated US$120 billion of bad and troubled loans, Reuters reported. Investors drawn to potential deal opportunities include Canada Pension Plan Investment Board, which recently partnered with India's Kotak Group to invest up US$525 million in stressed corporate and financial assets in the country.
4 min read · 05 April 2016
London-based hedge fund firm Arrowgrass Capital Partners has amassed over $600 million for a mergers and acquisitions fund which launched in October, Reuters News reported.
1 min read · 05 April 2016
Exchange operator BATS Global Markets Inc said its initial public offering was expected to be priced at between $17 and $19 per share, valuing the company at up to $2 billion, Reuters News reported.
1 min read · 04 April 2016
Alaska Air Group Inc (ALK.N) said on Monday it had agreed to buy Virgin America Inc (VA.O) for $2.6 billion to expand its flights on the U.S. West Coast, Reuters News reported.
1 min read · 04 April 2016
Blackstone Group (BX.N) is buying a majority stake in Indian IT outsourcing services provider Mphasis Ltd (MBFL.NS) from Hewlett Packard Enterprise Co (HPE.N) in an up to $1.1 billion deal, in the U.S. asset manager's single-biggest investment in India, Reuters News reported.
3 min read · 04 April 2016
Investment and private equity funds including Singapore's Temasek and Rothschild Group are competing to invest in Argus Media in a deal that could value the energy-market data provider at more than $1.3 billion, Reuters News reported.
2 min read · 04 April 2016
Time Inc (TIME.N) is considering partnering with a private equity firm on a bid for Yahoo Inc's (YHOO.O) core Internet assets, Reuters News is reporting.
2 min read · 04 April 2016
Investment firm Blackstone Group LP (BX.N) on Sunday said it is not considering an acquisition of Brazilian shopping mall operator BR Malls Participacoes SA (BRML3.SA), denying a report published early in the day by newspaper O Globo , Reuters News reported.
1 min read · 04 April 2016
