Reuters News

TPG invests $75 mln into life sciences service firm, say sources: Reuters

The growth equity arm of buyout firm TPG Capital LP has invested $75 million in life sciences services company Precision for Medicine, sources told Reuters.

Kia Motors, Hyundai Motor to buy $600 million stake in Hyundai Capital from GE: Reuters

Hyundai Motor (005380.KS) and Kia Motors (000270.KS) will buy a 23.3 percent stake in auto financing affiliate Hyundai Capital from General Electric (GE.N) for 703 billion won ($600.8 million), the automakers said on Tuesday.

Bumpy year drags U.S. share listings back to 2009 levels: Reuters

New share listings in the United States has their worst year since 2009, Thomson Reuters data showed on Tuesday, as a number of deals were pulled or priced below their initial range, Reuters News reported.

Cheers to beer! Blockbuster brewers' merger boosts UK dealmaking: Reuters

A run of big merger deals in Britain, led by the $100 billion SABMiller takeover, has given bankers cause to celebrate this year, despite the uncertainty over the country's future place in Europe, Reuters News reported.

Altice completes purchase of 70 percent of cable operator Suddenlink: Reuters

European telecoms group Altice (ATCA.AS) said on Monday it had completed the purchase of 70 percent of U.S. regional cable company Suddenlink from existing shareholders in a deal worth $9.1 billion, Reuters News reported.

Airbus signs agreement for sale of satellite communication unit: Reuters

Airbus Group said on Monday it had signed a share purchase agreement with French private equity firm Apax Partners for the takeover of all of its commercial satellite communication business, Reuters reported.

Carl Icahn raises offer for Pep Boys, tops Bridgestone's offer: Reuters

Pep Boys - Manny Moe & Jack, a U.S. auto parts retailer, said billionaire investor Carl Icahn raised his offer for the company, topping Bridgestone Corp's bid by $1.00 a share, to value the company at about $900 million.

German generics drugmaker Dermapharm put up for sale, say sources: Reuters

Privately-held German generic drugmaker Dermapharm has attracted interest from buyout groups in a potential 1 billion euro ($1.1 billion) deal after being put up for sale by its founder, sources told Reuters.

Flipkart denies media report of Accel selling $100 million stake: Reuters

Flipkart on Monday denied a newspaper report that said venture capital firm Accel Partners had sold a small stake in India's biggest online marketplace to sovereign wealth fund Qatar Investment Authority (QIA) for $100 million.

Brazil's OAS creditors pass bankruptcy plan, Invepar deal: Reuters

Creditors of Grupo OAS, the Brazilian engineering business under creditor protection, agreed to sell a 24.4 percent stake in infrastructure company Invepar to Brookfield Asset Management for 1.35 billion reais (US$346 million), Reuters reported. The creditors agreed to sell the stake if Brookfield drops a plan to extend OAS a debtor-in-possession loan, a source said.