Reuters News

Northgate NGA changes hands in debt-for-equity swap: Reuters

Existing lenders to UK human resources software company Northgate NGA were told in a bank meeting on Friday that Goldman Sachs and Park Square Capital will take control of the company from owner KKR in a debt for equity swap, banking sources told Reuters News.

Blackstone seeks buyer for German offshore wind farm, say sources: Reuters

Alternative asset manager Blackstone Group LP (BX.N) is seeking a buyer for its Meerwind Sued/Ost offshore wind park in Germany, hoping to benefit from a surge in deal activity in the sector, sources told Reuters.

Three Canada pension funds to buy Chicago toll road for $2.8 bln: Reuters

Three of Canada's largest pension fund managers said on Friday that they have agreed to acquire Skyway Concession Company LLC (SCC), which manages, operates and maintains the Chicago Skyway toll road, for a sum of $2.8 billion.

Enel to sell Hydro Dolomiti stake for $360 mln: Reuters

Italian energy group Enel said on Friday it had agreed to sell its 49 percent stake in Hydro Dolomiti Enel (HDE) to Fedaia Holdings, controlled by Macquarie European Infrastructure Fund, for 335 million euros ($360 million).

TowerBrook considering J.Jill exit options: Bloomberg

Private equity firm TowerBrook Capital Partners LP, which acquired U.S. women’s apparel retailer J.Jill Group six months ago, is considering an exit through a potential initial public offering of the company, Bloomberg reported.

Blackstone to buy Japan Residential for $450 mln including debt: Reuters

U.S. asset manager Blackstone Group LP (BX.N) said on Friday it is acquiring Japan Residential Investment Company (JRIC.L), which owns residential assets in Japan, in a deal worth about $450 million, including debt.

Warburg Pincus enters race for T-Mobile Netherlands: sources

Private equity firm Warburg Pincus enters race for T-Mobile Netherlands, say sources: Reuters

U.S. private equity firm Warburg Pincus is looking to bid for Deutsche Telekom's T-Mobile Netherlands division which is worth up to 3 billion euros, sources told Reuters.

Barrick sells stakes in four assets for $720 million: Reuters

Barrick Gold Corp (ABX.TO) said on Thursday it has agreed to sell its stakes in four non-core assets to two parties for a total of $720 million, as the world's largest gold producer works to trim its debt load as gold prices have weakened, Reuters reported.

IAC/InterActiveCorp makes unsolicited bid for Angie's List: Reuters

Barry Diller's IAC/InterActiveCorp made an unsolicited bid to buy Angie's List Inc for about $512 million in cash, nearly a month after an activist investor urged the reviews website operator to explore strategic alternatives, Reuters News reported.