Caisse de dépôt et placement du Québec, Canada’s second-largest public pension plan, said it would increase investments in low-carbon assets by more than $8 billion over the next three years, Reuters reported. The Caisse also set a medium-term target to reduce its carbon footprint by 25 percent per dollar invested. "From now on, climate change will factor in each and every investment decision we make across the breadth of our portfolio," Caisse President and CEO Michael Sabia said in a statement.
1 min read · 19 October 2017
Canadian steelmaker Stelco Holdings Inc’s planned initial public offering could be a tough sell as it faces the twin headwinds of slowing North American auto sales and the uncertain impact of trade talks, even as it looks to cash in on a rebound in steel prices, Reuters reported. Stelco also needs to regain investor confidence just months after emerging from its second bankruptcy in 13 years, analysts and investors said, as its new owner seeks to raise $185 million by selling a stake in the restructured, almost debt-free company. Stelco, now owned by U.S. private equity group Bedrock Industries, filed in late September for the initial public offering and is now marketing it.
3 min read · 18 October 2017
China’s Orient Hontai has agreed to buy a majority stake in Spanish sports rights group Imagina for $1 billion, the latest deal from deep-pocketed Chinese investors to transform the Asian country into a global soccer powerhouse, Reuters reported.
2 min read · 18 October 2017
Canadian apparel company Roots Corp raised $200 million in its initial public offering, a source with direct knowledge of the matter told Reuters. The company priced its shares at $12 on the Toronto Stock Exchange, according to the source, down from a previous range of $14 to $16. Roots, known for its trademark beaver logo, is set to make its debut seven months after Canada Goose Holdings Inc had its high-flying IPO. The company has been a portfolio investment of U.S. private equity firm Searchlight Capital Partners since 2015. Searchlight is selling shares as part of the offering.
1 min read · 18 October 2017
SpringerNature, the publisher of science magazines Nature and Scientific American, is preparing a 2018 stock market listing valuing the company at up to 4 billion euros ($4.7 billion), sources told Reuters.
2 min read · 18 October 2017
Turkish private equity firm Turkven aims to hold a public offering for nearly 50 percent of healthcare firm Medical Park Group next year, Turkven’s chief executive said, a listing that could be worth around $1 billion
1 min read · 18 October 2017
TPG Capital said on Tuesday former Ford Motor Co Chief Executive Mark Fields has joined the private equity firm as a senior adviser, Reuters reported.
1 min read · 18 October 2017
JPMorgan Chase & Co said on Tuesday it would acquire online payment provider WePay as the bank looks to integrate payments into software used by small businesses, Reuters reported.
1 min read · 18 October 2017
Japanese steelmaker Kobe Steel Ltd (5406.T), embroiled in a data falsification scandal that has roiled global supply chains, will hold a first round of bidding on Friday in the planned sale of a real estate unit, Bloomberg News reported on Wednesday.
1 min read · 18 October 2017
Magic Leap, a well-funded and secretive startup, said on Tuesday it has raised $502 million in a new capital funding round led by Temasek Holdings , an investment firm owned by the government of Singapore.
1 min read · 17 October 2017
