KLR Energy Acquisition Corp (KLREU.O) delayed the pricing of its $130 million initial public offering on Thursday, dampening hopes that special purpose acquisition companies (SPACs) focusing on buying distressed energy assets could warm up an IPO market frozen by persistent market volatility.
2 min read · 25 February 2016
U.S. real estate investment trust Rouse Properties Inc said Canadian alternative assets investor Brookfield Asset Management agreed to buy the company in a sweetened deal valued at about US$2.8 billion, including debt, Reuters reported. Brookfield's latest cash offer of US$18.25 per share values the mall and retail centre owner at US$1.06 billion.
1 min read · 25 February 2016
Ride-hailing service Didi Kuaidi, Uber Technologies Inc's chief rival in China, plans to raise at least $1 billion in its latest fundraising round, bulking up its war chest to fend off competition and invest into new businesses, Reuters News reported.
1 min read · 25 February 2016
The Caisse de dépôt et placement du Québec said it was open to further investment in Bombardier Inc after reporting strong returns in 2015, Reuters reported. The pension fund agreed to acquire a 30 percent stake in Bombardier's rail business for US$1.5 billion in November, providing a bigger cash cushion for the company's plane-making unit.
2 min read · 24 February 2016
The Caisse de dépôt et placement du Québec, Canada's second-largest pension fund manager, reported weighted average returns of 9.1 percent in 2015, benefiting from diversifying out of equities and bonds into higher-yielding assets such as infrastructure and real estate, Reuters reported. The Caisse said its net assets had grown to $248 billion at the end of 2015, compared with $225.9 billion at the end of 2014.
1 min read · 24 February 2016
D&J Industrial Property (China) Investment Co Ltd raised $220 million from its founder and from private equity firm Warburg Pincus LLC, looking to expand its business parks and industrial facilities in China's largest cities.
1 min read · 24 February 2016
South Africa will explore merging two of its state-owned airlines, South African Airways (SAA) and SA Express, and seek a minority equity partner for the company, Reuters News reported.
2 min read · 24 February 2016
Silver Run Acquisition Corp SRAQU.O, a new U.S. investment vehicle, raised a greater-than-expected $450 million in an initial public offering on Tuesday aimed at funding the acquisition of energy companies, indicating investors see bargains amid the oil price rout.
2 min read · 24 February 2016
Corus Entertainment Inc could face a shareholder revolt against plans by its controlling family to buy media assets from a related company, Shaw Communications Inc, Reuters reported. A Corus investor, Canadian private equity firm Catalyst Capital Group, has written to market regulators to challenge the $2.65 billion deal, according to a report in the Financial Post.
2 min read · 23 February 2016
Private equity firm Thomas H. Lee Partners LP has approached U.S. digital imaging company Shutterfly Inc (SFLY.O) with a preliminary acquisition proposal, people familiar with the matter said on Tuesday.
2 min read · 23 February 2016
