Otter Products LLC, the privately held company that makes the OtterBox protective cases for mobile phones, is exploring a sale that could value the company at more than $2.5 billion, including debt, according to people familiar with the matter, sources told Reuters.
2 min read · 27 August 2014
DBRS Ltd, the privately held credit rating agency that competes with Standard & Poor's Financial Services LLC, Moody's Corp and Fitch Ratings Inc, is exploring a sale, according to people familiar with the matter, sources told Reuters.
2 min read · 27 August 2014
The acquisition of Canadian coffee and doughnut chain Tim Hortons Inc by Burger King Worldwide Inc will occur through a $12.6 billion cash-and-stock deal, Reuters reported. Burger King has secured commitments for US$12.5 billion of funding for the cash portion of the transaction. The new fast-food restaurant group, which will be majority owned by U.S. private equity firm 3G Capital, will be Canadian domiciled, with listings on both the New York Stock Exchange and the Toronto Stock Exchange.
3 min read · 27 August 2014
Atlas Mara, the investment vehicle of former Barclays boss Bob Diamond that is aiming to be Africa's leading bank, will re-list on Wednesday after raising $300 million and completing a pair of acquisitions, Reuters reported.
2 min read · 27 August 2014
Brazilian presidential candidate Aecio Neves said on Wednesday hedge fund founder and former central bank chief Arminio Fraga would be his finance minister if he wins an Oct. 5 election.
1 min read · 27 August 2014
Chicago-based Arch Venture Partners raised a $400 million fund to invest in early stage companies, the firm announced Wednesday, underscoring renewed investor confidence in the once moribund life sciences sector.
1 min read · 27 August 2014
Chevron Corp (CVX.N) has been searching for up to $1.5 billion of equity investment to help develop its Duvernay shale formation assets in Canada and contacted potential investors including private equity firms, sources told Reuters.
2 min read · 26 August 2014
Private equity investor Lone Star has sold commercial property lender Duesseldorfer Hypothekenbank AG, quitting the second of three investments it has made in the German banking sector over the last decade, Reuters reported.
2 min read · 26 August 2014
Burger King Worldwide Inc plans to buy Canadian coffee and doughnut chain Tim Hortons Inc , Reuters reported, in a cash and stock deal to create the world's third-largest fast food restaurant group.
2 min read · 26 August 2014
Marketing software provider HubSpot Inc, which has raised about $100 million in venture capital, on Monday registered for an initial public offering. The filing shows that VCs own 66 percent of the company, led by General Catalyst Partners, which owns about 27 percent.
2 min read · 26 August 2014
