The private equity owners of VAT Vakuumventile are working with bankers on a potential 1.5 billion Swiss franc ($1.5 billion) exit of the Swiss vacuum valve maker, sources told Reuters.
2 min read · 12 January 2016
Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China's richest man steps up a drive to diversify his business empire overseas.
3 min read · 12 January 2016
Billionaire activist investor Carl Icahn is building an equity stake in Time Warner Inc (TWX.N), sources told Reuters News.
2 min read · 12 January 2016
New York-based technology systems-monitoring company Datadog said on Tuesday it had raised $94.5 million in funding to help it take on competitors like New Relic and AppDynamics, Reuters News reported.
1 min read · 12 January 2016
Private equity firm Apollo Global Management LLC (APO.N) is in advanced talks to buy for-profit education provider Apollo Education Group Inc (APOL.O) for about $1 billion, the Wall Street Journal reported.
2 min read · 12 January 2016
Ontario Teachers' Pension Plan, one of Canada's biggest investors, has appointed veteran Danish investment professional Bjarne Graven Larsen as its new chief investment officer and executive vice president, Reuters reported. Graven Larsen is a former CIO and executive board member of ATP, Denmark's biggest pension plan and the fourth largest in Europe. He succeeds Neil Petroff, who retired in June 2015.
1 min read · 11 January 2016
The biggest-ever Chinese acquisition of a German company was announced on Monday, with a consortium led by state-owned China National Chemical Corp buying industrial machinery maker KraussMaffei Group for about US$1 billion, Reuters reported. The seller in the deal is Canadian private equity firm Onex Corp, which acquired KraussMaffei from Madison Capital in December 2012.
3 min read · 11 January 2016
Bankrupt teen apparel retailer American Apparel Inc (APPCQ.PK) received a $300 million bid on Monday from a group of investors who are backing the return of the company's controversial founder, Dov Charney, Reuters News reported.
2 min read · 11 January 2016
Swedish home appliance maker Electrolux said on Monday its CEO Keith McLoughlin would retire and be replaced by senior executive Jonas Samuelson, just a month after the biggest deal in the company's history collapsed, Reuters News reported.
2 min read · 11 January 2016
Companies interested in lighting assets will be able to bid for top European brands Philips and Osram in two separate auctions starting this month, Reuters News reported.
3 min read · 11 January 2016
