Saudi Arabia’s Public Investment Fund (PIF) said on Monday it is creating a 4 billion riyal ($1.07 billion) “fund of funds” to support the growth of small and medium-sized enterprises (SMEs).
2 min read · 09 October 2017
Auto parts maker TI Fluid Systems Limited said on Monday it has revived plans to list its shares in London, a year after shelving an initial public offering (IPO) due to volatile markets in the wake of Britain’s vote to leave the European Union.
1 min read · 09 October 2017
Vertex Ventures, the venture capital arm of Singapore state investor Temasek Holdings , said it has raised a $210 million fund to invest in southeast Asian and Indian startups, exceeding its original target size of $150 million, Reuters reported.
1 min read · 09 October 2017
Australia’s AMP Capital has bought U.S. logistics group ITS ConGlobal from Carlyle Infrastructure Partners, marking the Australian fund manager’s largest-ever North American deal, Reuters reported.
1 min read · 09 October 2017
Honeywell International Inc (HON.N) plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business, Reuters reported.
2 min read · 09 October 2017
Private equity firms preparing bids for US electronics and optical sensor component maker Excelitas Technologies Corp are being offered debt financing from banks between roughly US$1bn and US$1.1bn, sources told Reuters.
2 min read · 06 October 2017
Royal Dutch Shell and Varo Energy said they have ended talks on Varo’s potential purchase of Shell’s 37.5 percent stake in the 220,000 barrels per day PCK refinery in Schwedt, Germany.
1 min read · 06 October 2017
Canada's Brookfield Asset Management has refrained from improving an original bid for Brazilian renewable power company Renova Energia SA, after due diligence proceedings showed liabilities that were unaccounted for, a source told Reuters. Brookfield is leaning toward presenting a bid to Cia Energética de Minas Gerais SA and Light SA, valuing their combined 67 percent voting stake at the equivalent of 9 reais (US$2.85) per unit of Renova. In addition to the auditing impasse, Cemig’s precarious financial situation also played a role on Brookfield’s decision, the source said.
2 min read · 06 October 2017
Switch Inc (SWCH.N) raised about $531.3 million from its initial public offering which was priced at $17 per share, making the data-center operator the second-largest U.S. technology listing this year, Reuters reported.
1 min read · 06 October 2017
The California State Teachers’ Retirement System (CalSTRS) said on Thursday it would support the nomination of Nelson Peltz, chief executive of Trian Fund Management, to the board of directors at Procter & Gamble Co (PG.N).
1 min read · 06 October 2017
