Chinese suitors have indicated their interest in buying U.S. child care provider Learning Care Group (LCG) that has been put on the block by its private equity owner and could fetch up to $1.6 billion, sources told Reuters.
3 min read · 26 October 2017
Canadian pipeline operator TransCanada Corp (TRP.TO) has agreed to sell its solar energy portfolio for C$540 million ($426 million) to focus on its C$24 billion worth of other core projects, including its recently purchased Columbia natural gas network, the company said on Wednesday.
2 min read · 26 October 2017
Three women engineers have sued Uber Technologies Inc for discrimination based of their gender and race, the latest blow to the ride-services company that is straining to overcome a year of controversies over its workplace culture, Reuters reported.
2 min read · 26 October 2017
China Everbright Limited and venture capital firm Walden International are launching a $500 million fund to invest in the semiconductor and industrial information technology, amid Beijing’s ambition to be a global leader in the sector, Reuters reported.
1 min read · 26 October 2017
Seagate Technology PLC (STX.O), a member of the group taking over Toshiba Corp’s (6502.T) chip unit, pledged not to buy any stake in the unit for 10 years as part of the $18 billion deal, showed a document from group leader Bain Capital LP reviewed by Reuters.
2 min read · 26 October 2017
Pfizer plans to kick off an auction process for its consumer healthcare business in November, paving the way for a potential $15 billion-plus sale of the headache pill to lip balm business, sources close to the matter told Reuters.
3 min read · 26 October 2017
U.S. fund Global Infrastructure Partners (GIP) has agreed to buy Equis Energy, Asia’s largest independent renewable energy company, for US$3.7 billion with partners including sovereign fund China Investment Corp, underscoring growing global interest in renewables investment, Reuters reported. Singapore-headquartered Equis has more than 180 assets comprising solar, wind and hydro generation across the Asia Pacific region. Canada's Public Sector Pension Investment Board is also part of the buying consortium. A source said GIP would own a stake of 50 percent in Equis, while PSP and CIC would each own between 10 percent and 20 percent.
3 min read · 25 October 2017
Refresco Group NV has agreed to a 1.6 billion euro (US$1.9 billion) offer from a consortium led by French private equity firm PAI Partners, which would delist the Dutch bottling company less than three years after its flotation, Reuters reported. PAI and partner British Columbia Investment Management Corp (bcIMC) aim to buy all 81.2 million Refresco shares at 20 euros each, ending the short-lived listing on the Amsterdam stock exchange. The deal is expected to close in the first quarter of 2018. In July, Refresco reached agreement to buy the bottling activities of Canada's Cott Corp for US$1.25 billion, a move that was intended in part to ward off a private equity takeover.
2 min read · 25 October 2017
U.S. fund Global Infrastructure Partners (GIP) has agreed to buy Equis Energy, Asia’s largest independent renewable energy firm, for $3.7 billion with partners including sovereign fund China Investment Corp, underscoring growing global interest in renewables investment, Reuters reported.
3 min read · 25 October 2017
Refresco (RFRG.AS) has agreed to a 1.6 billion euro ($1.9 billion) offer from a consortium led by French private equity firm PAI Partners, which would delist the Dutch bottling company less than three years after its flotation, Reuters reported.
2 min read · 25 October 2017
