Chinese private equity firm Hony Capital said on Tuesday it has agreed to buy a third of fashion brand Mr & Mrs Italy’s owner Duemmei, marking its first investment in the luxury industry amid a recovery in the sector.
2 min read · 17 October 2017
Bain Capital Ventures and Andreessen Horowitz have participated in the pre-sale of a new crypto-currency called basecoin, the companies have confirmed.
1 min read · 16 October 2017
Vincom Retail, the shopping mall subsidiary of Vingroup, launched on Monday Vietnam’s largest-ever initial public offering (IPO), in a deal worth up to $713 million, IFR reported, citing a term sheet of the deal.
1 min read · 16 October 2017
The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after the departure of co-founder Harvey Weinstein.
2 min read · 16 October 2017
Ruby Tuesday Inc (RT.N) said on Monday it would be acquired by private equity firm NRD Capital for an enterprise value of about $335 million.
1 min read · 16 October 2017
Canadian train-and-plane maker Bombardier Inc is exploring options for its aerospace businesses, including a sale of some operations,Reuters reported, citing a recent Bloomberg story. The company is considering disposal of assets including its Q400 turboprop and CRJ regional-jet unit, the Bloomberg report said. Bombardier is also looking at partnerships with other aerospace companies. According to the report, Europe’s Airbus SE is among the prospective buyers. Bombardier, which is now in the middle of a five-year turnaround plan after considering bankruptcy in 2015, has previously weighed strategic options for parts of its aerospace division.
2 min read · 16 October 2017
Baidu Inc’s (BIDU.O) iQiyi, a Netflix (NFLX.O) style video streaming service in China, has picked three banks to help arrange a U.S. initial public offering (IPO) worth about $1 billion, Reuters reported.
1 min read · 16 October 2017
Canadian train-and-plane maker Bombardier Inc (BBDb.TO) is exploring options for its aerospace businesses, including a sale of some operations, Bloomberg reported on Sunday.
2 min read · 16 October 2017
T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, Reuters reported.
4 min read · 16 October 2017
Saudi Aramco is considering shelving plans for an international public offering in favor of a private share sale to world sovereign funds and institutional investors, the Financial Times reported, citing people familiar with the matter.
1 min read · 13 October 2017
