Hellman & Friedman LLC is exploring the sale of OpenLink Financial LLC, a U.S. software provider to the commodity, energy and financial services sectors that could be valued at over $1 billion, including debt, people familiar with the matter said.
1 min read · 13 October 2017
Magic Leap, a highly funded and secretive startup that has promised breakthrough augmented reality technology, is seeking to raise up to $1 billion in fresh funding from investors, according to a new corporate filing.
2 min read · 13 October 2017
British insurer Hyperion has hired Morgan Stanley to sound out financial investors for a minority stake sale, sources told Reuters, in a deal that could value the London-based firm at more than 1 billion pounds ($1.3 billion).
2 min read · 13 October 2017
Cabot Credit Management, Britain’s biggest debt collector, is set to launch a 1 billion pound ($1.3 billion) stock market float next week after a delay last month to revamp its board, a source told Reuters.
1 min read · 13 October 2017
Goldman Sachs Group Inc (GS.N) has agreed to buy private mortgage lender Genesis Capital LLC as the Wall Street bank looks to new businesses for growth while trading revenue remains sluggish, Reuters reported.
1 min read · 12 October 2017
Canada’s Metro Inc said it would sell a major portion of its stake in Alimentation Couche-Tard Inc to fund its $4.5 billion acquisition of pharmacy chain Jean Coutu Group Inc, Reuters reported. The company will sell its stake in three separate deals for about $1.5 billion. About 11.4 million Couche-Tard shares will be sold to dealers led by National Bank Financial and BMO Capital Markets as book-runners to raise $650 million, while an equal portion will be sold to the units of Caisse de dépôt et placement du Québec. Metro also said it would sell about 4.4 million shares back to Laval, Québec-based Couche-Tard for about $250 million.
1 min read · 12 October 2017
A group of investors, including U.S. buyout firm Apollo Global Management and Canada Pension Plan Investment Board (CPPIB), is bidding for coal assets put up for sale by global mining giant Rio Tinto Group, which could fetch US$2 billion, sources told Reuters. The sale, run by Credit Suisse, of the Kestrel and Hail Creek coking coal mines is part of Rio’s planned exit from Australian coal to focus on iron ore, copper and aluminum. Apollo and CPPIB have joined forces with U.S. coal company Xcoal Energy & Resources and a former Glencore executive to bid for the assets, two sources said. Interested parties have been invited to submit tentative offers by December 8.
2 min read · 12 October 2017
CarGurus Inc (CARG.O), an online marketplace for new and used cars, raised about $150.4 million from its initial public offering priced at $16 per share.
1 min read · 12 October 2017
WPP, the world’s biggest advertising agency, on Thursday stepped up its efforts to stop U.S. private equity firm Bain Capital from buying Japan’s Asatsu-DK Inc, saying the offer significantly undervalued its stake in the firm, Reuters reported.
1 min read · 12 October 2017
Buyout fund CVC Capital Partners’ strategic opportunities platform and the L‘Oreal family’s Tethys Invest have entered exclusive talks to acquire a majority stake in France’s Sebia, the companies said on Thursday.
1 min read · 12 October 2017
