Colt Defense LLC expects to complete its restructuring and emerge from bankruptcy in the coming weeks, the gunmaker said in a joint statement with the United Auto Workers union (UAW) on Thursday.
1 min read · 18 December 2015
How to spend it? That's the leading question for buyout firms and their investors, as the amount of capital coming into the market forces both sides to rethink their strategies.
4 min read · 18 December 2015
Shaw Communications Inc said it has agreed to buy Wind Mobile Corp, Canada's fourth-largest wireless provider, in a deal that gives it a much-needed presence in the cellular market, Reuters reported. Shaw said the deal valued Wind and its parent company at $1.6 billion, much higher than the roughly $300 million a group of private equity firms, hedge funds, and other investors paid in 2014.
3 min read · 17 December 2015
UBS has poached private equity banker Nestor Paz Galindo from JPMorgan, according to an internal memo seen by Reuters on Thursday, as the Swiss bank builds that side of its business.
1 min read · 17 December 2015
AstraZeneca is to buy 55 percent of privately held biotech firm Acerta Pharma for $4 billion to give it access to a new kind of blood cancer drug, boosting its long-term growth at the cost of a near-term hit to earnings, Reuters News reported.
3 min read · 17 December 2015
Airbus Group (AIR.PA) has shortlisted Carlyle (CG.O) and KKR (KKR.N) for the defence electronics unit it is selling, after the two U.S. buyout groups put in significantly higher offers than rivals, Reuters News reported.
2 min read · 17 December 2015
Private equity firm Cerberus Capital Management LP is close to an agreement to buy 80 percent of Avon Products Inc's North American business for $170 million, the Wall Street Journal reported on Thursday.
2 min read · 17 December 2015
Abraaj has emerged as the frontrunner to buy a majority stake in Al Raya for Foodstuff Co after entering into exclusive talks with the two private equity firms that currently control the Saudi supermarket chain, sources told Reuters.
2 min read · 16 December 2015
The Public Sector Pension Investment Board (PSP Investments), one of Canada's 10 largest pension fund managers, is considering entering the oil and gas sector, as weak crude prices create opportunities for long-term investors, Chief Executive André Bourbonnais told media this week.
2 min read · 16 December 2015
Private equity firm TPG Capital Management has sold Chinese company HCP Packaging to Baring Asia, returning $1.55 billion in total to investors in 2015, an annual letter to its limited partners reviewed by Reuters showed.
2 min read · 16 December 2015
