German insurer Allianz SE said it had partnered with Indian conglomerate Shapoorji Pallonji Group to set up a $500 million real-estate fund aimed at the office market in India.
1 min read · 12 October 2017
A group of investors including buyout firm Apollo and pension fund Canada Pension Plan (CPP) is bidding for coal assets put up for sale by mining giant Rio Tinto (RIO.L), which could fetch $2 billion, sources told Reuters.
2 min read · 12 October 2017
Brookfield Property Partners LP, one of the largest commercial real estate companies, said this week it has invested in Honest Buildings, a New York project management startup that compiles data for property owners to make construction projects more efficient, Reuters reported. Brookfield led a group that raised US$13 million for Honest Buildings in the hopes its platform can establish an industry-leading standard for large property owners that need greater clarity into construction projects. Greensoil Building Innovation Fund was among the other investors in the company's Series B financing. Honest Buildings' first move abroad will be Canada and then other countries alongside Brookfield, Founder and CEO Riggs Kubiak said.
2 min read · 11 October 2017
Trading software provider Trading Technologies International Inc said on Tuesday it has acquired Neurensic LLC, a startup that uses artificial intelligence for market surveillance and compliance, for an undisclosed amount.
1 min read · 11 October 2017
Goldman Sachs Group Inc (GS.N) is betting it can get its money-making mojo back by pitching creative deals to big, complex clients, marking a return to its investment banking roots as trading revenue slows, Reuters reported.
3 min read · 11 October 2017
BAWAG , the Austrian bank majority-owned by U.S. private equity group Cerberus Capital Management , plans to raise up to 2.1 billion euros ($2.59 billion) in its initial public offering, which would be the biggest IPO in Austria’s history, Reuters reported.
1 min read · 11 October 2017
KKR & Co LP (KKR.N) has raised its offer price for Hitachi Kokusai Electric Inc (6756.T) to 2,900 yen a share from 2,503 yen, the Japanese firm said on Wednesday, after a U.S. hedge fund put pressure on the private equity firm to revise terms.
2 min read · 11 October 2017
Buyout group BC Partners has agreed to buy German industrial ceramics group Ceramtec from peer investor Cinven, Reuters reported.
1 min read · 11 October 2017
Indian ride-hailing firm Ola has raised $1.1 billion from investors led by China’s Tencent Holdings and Japan’s SoftBank Group and is in advanced talks with other investors for another $1 billion, Reuters reported.
2 min read · 11 October 2017
Honeywell International Inc said Tuesday it will pare its focus to four business lines, including aerospace, and spin off two businesses with $7.5 billion in revenue to help fund acquisitions, Reuters reported.
3 min read · 11 October 2017
