Brookfield Asset Management said it would spin off 35 percent of Brookfield Business Partners LP, which will own almost all of the asset manager's business services and industrial operations assets, Reuters reported. The Toronto-based firm said it would spin off the business by distributing a special dividend of about US$500 million, or 50 cents per share, to its shareholders in the form of partnership units.
1 min read · 07 October 2015
U.S. private equity firm KKR & Co LP is considering investing around $100 million in Africa within a year, a senior executive said on Tuesday.
1 min read · 07 October 2015
Scottish Equity Partners (SEP), one of the early investors in online flight comparison service Skyscanner, has appointed Goldman Sachs to sell 10 percent of the company at a price that may value the startup at 1 billion pounds ($1.52 billion), the Telegraph reported.
1 min read · 07 October 2015
Anheuser-Busch InBev (ABI.BR), the world's largest brewer, launched an improved bid for SABMiller (SAB.L) on Wednesday, offering just over 68 billion pounds ($104 billion) for its largest rival to extend its reach into Africa and other markets, Reuters News reported.
4 min read · 07 October 2015
Data storage company Pure Storage Inc (PSTG.N) priced its initial public offering in line with its expectations on Tuesday, a key hurdle for the market after several companies discounted and even downsized their IPOs amid weak demand, Reuters News reported.
2 min read · 07 October 2015
Spanish telecommunications company Euskaltel has changed the terms of the acquisition of fellow cable operator R Cable, saying it would pay fully in cash and at a slightly higher price than initially announced, Reuters reported.
2 min read · 06 October 2015
Brewer SABMiller is said to have rejected an informal takeover offer from ABInBev as too low, a Bloomberg report citing people familiar with the matter said.
1 min read · 06 October 2015
Private equity firm Abraaj Group has raised $191 million through Mexican publicly traded certificates for investments in the country, Reuters News reported.
1 min read · 06 October 2015
Lynn Tilton, a New York financier accused by the U.S. Securities and Exchange Commission of defrauding clients, was sued on Monday by two of her investors, who claimed her mismanagement and misrepresentations caused them to lose more than $45 million, Reuters News reported.
1 min read · 06 October 2015
Billionaire fund manager Nelson Peltz on Monday added a big new client when he took in $150 million in cash from the Arkansas Teachers Retirement System, part of a trio of welcome victories for the activist, whose portfolio has faced a bumpy ride lately, Reuters News reported.
3 min read · 06 October 2015
