Permira, Cinven, EQT, and a combination of Baring Private Equity Asia and China's HNA Tourism Group are currently the four potential bidders for Swiss travel group Kuoni, sources told Reuters.
1 min read · 05 January 2016
United Wind Inc, which has carved out a niche leasing wind turbines to farms and rural homes, has clinched US$200 million in funding from Canada's Forum Equity Partners, the largest-ever single investment in small wind projects, Reuters reported. The funding is a vote of confidence not only in the U.S.-based startup, but in the nascent market for wind energy that is both produced and used on site.
3 min read · 05 January 2016
Hong Kong-based private equity firm PAG said on Tuesday it had raised $3.6 billion for its second Asian buyout fund, adding to the massive pool of cash private equity firms have raised in recent months for buyout deals in the region.
1 min read · 05 January 2016
Canada Pension Plan Investment Board said it has agreed to buy a student housing portfolio in the United States for around US$1.4 billion, in partnership with Singapore wealth fund GIC and The Scion Group, Reuters reported. The three parties said they had formed a student housing joint venture, Scion Student Communities, which will acquire University House Communities Group.
2 min read · 05 January 2016
A little-known hedge fund has emerged as Carlyle Group LP's (CG.O) biggest outside shareholder after seizing on a sell-off of the U.S. private equity firm's stock as a "no-brainer" buying opportunity, Reuters News reported.
2 min read · 05 January 2016
India's Tata Consultancy Services Ltd (TCS.NS) has joined the bidding process for Perot Systems, an IT management business of Dell Inc, sources told Reuters News.
2 min read · 05 January 2016
Global asset manager Legg Mason Inc (LM.N) is in talks to buy a majority stake in real estate investment manager Clarion Partners LLC in a deal valuing the company at about $850 million, Bloomberg reported.
1 min read · 05 January 2016
The U.S. Federal Communications Commission said it is delaying its informal deadline by 15 days to review the proposed $56 billion merger of cable rivals Charter Communications Inc (CHTR.O) and Time Warner Cable Inc (TWC.N), Reuters News reported.
2 min read · 05 January 2016
Chinese property and investment firm Dalian Wanda Group has agreed to acquire a majority stake in Legendary Entertainment, valuing the U.S. movie studio company at between $3 billion and $4 billion, Reuters News reported.
2 min read · 05 January 2016
Platinum producer Lonmin Plc said in a regulatory filing that Kagiso Asset Management sold nearly 33 million shares in the company in December, fully divesting its stake.
1 min read · 04 January 2016
