Reuters News

Box IPO values data storage provider at $1.67 billion -- Reuters

Box Inc's shares have been priced at $14, an underwriter said, valuing the online data storage provider at about $1.67 billion in one of the most hotly anticipated technology IPOs in recent months, Reuters News reported.

CRH races Blackstone for Holcim, Lafarge assets, say sources-Reuters

Irish cement maker CRH and a consortium led by Blackstone are battling for assets which Lafarge and Holcim must sell ahead of their planned merger, sources told Reuters.

Uber to raise $1.6 billion in convertible debt, says source - Reuters

Online ride-sharing company Uber Technologies Inc has raised $1.6 billion in convertible debt from wealth management clients of Goldman Sachs Group Inc (GS.N), a source told Reuters.

Funds line up $1.7 bln bids for drinks bottler Refresco Gerber, say sources-Reuters

Dutch soft drinks bottler Refresco Gerber has attracted bids from three private equity funds valuing the business at around 1.5 billion euros ($1.74 billion), sources told Reuters.

EQT injects fresh equity into utility services group SAG, say sources-Reuters

Buyout group EQT is injecting fresh cash into German utility services provider SAG as the company breached its debt covenants after a difficult 2014, sources told Reuters.

Jordan's Nuqul to sell 25 pct stake in Fine Hygienic, say sources-Reuters

Jordan's Nuqul Group is selling a 25 percent stake in FINE Hygienic Holdings, one of the Middle East's largest tissue and paper products manufacturers, in a deal that could be worth up to $200 million, sources told Reuters.

U.S. firm invests $228 million in British peer-to-peer loans-Reuters

U.S. asset management firm Victory Park Capital said it would invest up to 150 million pounds ($228 million) in loans arranged by British peer-to-peer lending platform Assetz Capital under a five year contract.

Warburg Pincus-backed Red Star seeking up to $1 bln in HK listing: Reuters

Chinese furniture and building-material retailer Red Star Macalline Group is seeking to raise up to $1 billion from a Hong Kong IPO as early as the end of the second quarter, IFR reported on Wednesday, citing sources familiar with the planned float.

Private equity firm PAI asks investors to increase 3 bln euros fund: Reuters

European private equity fund PAI is asking investors to increase the amount it is allowed to raise for its 3 billion euros Fund VI after receiving strong demand, a source familiar with the matter said on Tuesday.

Salix Pharma working with advisers to explore options, say sources-Reuters

Salix Pharmaceuticals Ltd SXLP.O, a maker of bowel drugs, is working with investment bank Centerview Partners Holdings LP to explore its options, including a potential sale to a larger drugmaker, sources told Reuters.