Editas Medicine Inc became the first company to price an initial public offering in the United States in 2016 on Tuesday, raising $94.4 million, a person familiar with the matter said.
1 min read · 02 February 2016
Brookfield Asset Management has withdrawn an offer to buy the 24.4 percent stake in infrastructure company Invepar held by Brazil's Grupo OAS, Reuters reported. The deal was key to helping OAS emerge from bankruptcy protection proceedings. Brookfield had offered to pay about US$341 million for the Invepar stake and secured the right to outdo bids from any other interested party.
2 min read · 02 February 2016
Magic Leap Inc, a startup focused on augmented reality technology, said on Tuesday it had raised $793.5 million in a funding round led by Chinese ecommerce giant Alibaba Group Holding Ltd (BABA.N).
1 min read · 02 February 2016
Canadian private equity investments overseas surged to record levels in 2015 on the back of some major buyouts by Canadian pension funds across a wide range of sectors, Reuters reported. Thomson Reuters data showed that Canadian deal-making abroad jumped to $159.2 billion in 2015, more than the combined value of all such deals struck by Canadian PE firms in the five years prior.
2 min read · 02 February 2016
Canadian private equity investments overseas surged to record levels in 2015 on the back of some major buyouts by Canadian pension funds across a wide range of sectors, Reuters News reported.
2 min read · 02 February 2016
Swedish private equity group EQT has agreed to buy travel group Kuoni for 1.35 billion Swiss francs ($1.3 billion), taking on a company which has been hit by online competition and unrest in tourist destinations, Reuters News reported.
2 min read · 02 February 2016
Activist hedge fund Hudson Executive Capital LP wants CIT Group Inc (CIT.N) to break up, the Wall Street Journal reported, citing people familiar with the matter.
1 min read · 02 February 2016
Yahoo Inc's plans to turn around its struggling core business are set to dominate its earnings report on Tuesday, with investors keen to see if CEO Marissa Mayer will push ahead with a proposed spin-off or entertain calls for a complete sale, Reuters News reported.
2 min read · 02 February 2016
Index Ventures, an early investor in technology hits like Skype and Dropbox, is spinning off its biotech portfolio into a new $1 billion business, with backing from drug giants GlaxoSmithKline and Johnson & Johnson.
2 min read · 02 February 2016
Brookfield Asset Management has been exploring an acquisition in recent months of General Growth Properties Inc, the U.S. mall operator with a market value of US$24 billion, sources told Reuters. Brookfield, which owns about 34 percent of GGP, has approached several potential deal partners, including sovereign wealth funds, to discuss possibly taking the company private, the sources said.
2 min read · 01 February 2016
