Quadrangle Group, a private equity backer of Mobilicity, said it had sued the Canadian government for C$1.2 billion ($1.1 billion), accusing it of reneging on pledges to help the small wireless provider compete against the country's biggest phone companies, Reuters reported.
2 min read · 05 September 2014
China Auto Rental Inc. on Friday launched an up to $468 million Hong Kong initial public offering, betting car ownership restrictions and higher spending on travel in the world's second-largest economy will fuel demand for hire vehicles.
2 min read · 05 September 2014
The founding family of Swedish packaging firm Nefab has agreed to buy private equity firm Nordic Capital's majority stake in the company and said on Friday there were no plans for an initial public offering of the firm in the near term, Reuters reported.
1 min read · 05 September 2014
Buyout groups EQT and CVC have made a joint bid to buy crop-protection company Cheminova in a deal that could be worth about 1 billion euros ($1.3 billion), sources told Reuters.
2 min read · 05 September 2014
Australia's Macquarie Group Ltd and Japan's Orix Corp are among a handful of companies exploring binding offers for the $5 billion aircraft portfolio being sold by Dublin-based lessor Awas, sources told Reuters.
3 min read · 04 September 2014
Industrial equipment rental company Neff Corp filed with U.S. regulators for an initial public offering of its Class A common stock on Wednesday, Reuters reported.
1 min read · 04 September 2014
Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc (FDO.N), making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday.
2 min read · 04 September 2014
British private equity firm ECI Partners said it raised 500 million pounds ($823 million) for its tenth buyout fund, mainly from existing institutional investors.
1 min read · 04 September 2014
Singapore's GIC is taking the unusual step of investing directly in unlisted firms, a move bankers say will be mimicked by other sovereign wealth funds as low yields spur fund managers to adopt a more hands-on attitude in their search for higher returns.
5 min read · 04 September 2014
Europe's biggest online fashion player Zalando plans to raise more than 500 million euros ($657 million) to fund expansion by listing a stake, joining a flurry of e-commerce flotations set to be crowned by Chinese giant Alibaba IPO, Reuters reported.
4 min read · 03 September 2014
