An unlisted Swiss biotech company focused on developing “armed antibodies” to fight cancer has raised $200 million in a funding round backed by AstraZeneca and other private backers, Reuters reported.
1 min read · 23 October 2017
British broadcast and mobile masts company Arqiva plans to raise around 1.5 billion pounds ($2 billion) in the biggest initial public offering (IPO) in London so far in 2017, Reuters reported.
2 min read · 23 October 2017
Blackstone (BX.N), KKR (KKR.N) and some Chinese investors are among potential bidders shortlisted by Link Real Estate Investment Trust (0823.HK) to buy some of its Hong Kong retail assets valued at about $2 billion, sources told Reuters.
3 min read · 23 October 2017
Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion, Reuters reported.
5 min read · 23 October 2017
Chinese firms Primavera Capital Group and CITIC Private Equity plan to raise new dollar-denominated funds totaling around $5 billion in a bid to bolster their firepower for offshore investments, six sources told Reuters.
3 min read · 23 October 2017
Social Finance Inc discussed a potential sale earlier this year, including with financial services company Charles Schwab Corp, but the talks fell apart over the $8 billion price the online lender sought, the Financial Times reported on Sunday, citing people familiar with the matter.
1 min read · 23 October 2017
Shanghai-based coworking space startup Naked Hub said on Friday it plans to go public in Hong Kong after a fresh round of fundraising next year, potentially adding more Chinese “new economy” companies to the Asian financial hub’s stock exchange.
2 min read · 20 October 2017
The main investor in German metals recycling group Befesa is planning to sell shares worth up to 707 million euros ($835 million) when the company joins the Frankfurt stock market next month, it said in a statement on Friday.
2 min read · 20 October 2017
Singapore-headquartered Grab, the main Southeast Asian rival of Uber Technologies Inc , said on Friday it had secured debt facilities of up to $700 million to help expand its car rental program.
1 min read · 20 October 2017
Norwegian outdoor clothing company Helly Hansen has agreed to buy British sports brand Musto from Phoenix Equity Partners and other shareholders for an undisclosed sum, Reuters reported. The Musto acquisition would help further its ambitions to grow in the British market and reinforce its position as a sailing clothes specialist, Helly Hansen said. Helly Hansen, founded in Norway in 1877, is majority owned by Ontario Teachers’ Pension Plan. Ontario Teachers' acquired its interest in the company from Altor Funds over 2012-2015.
1 min read · 19 October 2017
