Belgian holding company Gimv (GIMV.BR) said on Thursday that it and other shareholders had agreed to sell automotive system supplier Punch Powertrain to Chinese group Yinyi.
2 min read · 11 March 2016
Private equity firm Investindustrial is in exclusive talks to buy Italian baby products brand Chicco for about 1 billion euros ($1.1 billion), a source close to the matter said confirming press reports.
1 min read · 11 March 2016
WireCo WorldGroup Inc, one of the world's largest manufacturers of steel and synthetic rope, is working with investment bank Goldman Sachs Group Inc (GS.N) to explore rescue financing options, according to people familiar with the matter.
2 min read · 11 March 2016
Sanjeev Mehra, one of the pioneers of the private equity business at Goldman Sachs Group Inc, will retire after nearly 30 years of service, according to an internal memo viewed by Reuters.
1 min read · 10 March 2016
Bank of America Corp is hiring a new team of investment bankers who cater to midsized companies, four years after dismantling a similar business, three people familiar with the matter told Reuters.
2 min read · 10 March 2016
Facebook Inc is acquiring Masquerade Technologies Inc, creator of the popular face-swapping app MSQRD, as part of efforts by the world's largest social network operator to build its video services, Reuters News reported.
1 min read · 10 March 2016
European buyout house CVC Capital Partners is seeking an exit from Dutch HR software and services provider Raet, Reuters News reported.
2 min read · 10 March 2016
Deutsche Boerse (DB1Gn.DE) is selling U.S. options exchange operator International Securities Exchange for $1.1 billion to Nasdaq (NDAQ.O), potentially strengthening its hand in a proposed merger with London Stock Exchange (LSE)(LSE.L), Reuters News reported.
3 min read · 10 March 2016
Embattled Valeant Pharmaceuticals International Inc has added a representative from investor Pershing Square Capital Management to its board of directors, Reuters report. Pershing Square, a U.S. hedge fund run by activist investor Bill Ackman, bought a stake in Valeant last year when the drug-maker's shares were on the rise. They have fallen 68 percent since.
2 min read · 09 March 2016
Minority shareholders in Corus Entertainment Inc have voted in favour of the media company's planned $2.65 billion purchase of Shaw Media from its sister company Shaw Communications Inc, Reuters reported. Catalyst Capital Group had sought to scuttle the vote, saying it unfairly benefited the Shaw family that controls both companies to the detriment of minority shareholders.
2 min read · 09 March 2016
