German metals recycling group Befesa is planning to list on the Frankfurt stock market this year, the company said in a statement on Friday.
2 min read · 06 October 2017
Toronto-based Brookfield Asset Management Inc is in advanced talks to buy Abengoa SA’s 41.5 percent stake in its U.S. unit Atlantica Yield Plc, Reuters reported, citing a story by Bloomberg. Brookfield's clean energy unit, Brookfield Renewable Partners LP, and Spain's Abengoa could reach an agreement within weeks, the story said. Reuters had reported in April that renewable energy company Abengoa had started a process to sell its 41 percent stake valued at US$900 million.
1 min read · 05 October 2017
EV Private Equity said on Thursday it had invested $15 million in Ashmin, the first private-equity investment in the Texas-based developer of drilling motors and well completion tools for oil companies.
1 min read · 05 October 2017
Anglo-Dutch consumer group Unilever (ULVR.L) has invited private equity bidders to submit tentative offers for its $8 billion margarine and spreads business by a deadline of Oct. 19, sources told Reuters.
2 min read · 05 October 2017
Private equity funds are increasingly selling minority stakes in investments to pension and sovereign wealth funds as they strive to deliver returns for investors while holding onto prized assets in a hotly competitive market for deals, Reuters reported. Typically, private equity funds hold an investment for several years and then sell most or all of it to another private equity house, a corporate buyer, or list it on the stock market. Now, a growing number are opting just to sell a small part of an investment, enabling them to book some profit without being left with a lot of capital to redeploy. Singaporean sovereign wealth funds and Canadian pension funds have been some of the biggest buyers of minority stakes from private equity firms.
3 min read · 05 October 2017
Brookfield Property Partners LP is considering options for its office properties in the Northeastern United States that include the potential sale of a stake that could value the portfolio at as much as US$10 billion, sources told Reuters. The sale, which could attract interest from investment firms and sovereign wealth funds, would allow Brookfield Property to capitalize on the value of its high-end office assets, many of which are in major U.S. cities such as New York and Washington, the sources said. Brookfield Property was created in 2013 when it was spun off by its parent Brookfield Asset Management Inc, a Toronto-based alternative investment firm. Brookfield Asset Management remains the largest shareholder in Brookfield Property.
2 min read · 05 October 2017
Germany’s Dialog Semiconductor is to acquire California-based Silego Technology Inc for up to $306 million, helping to strengthen its position in the market for the so-called Internet of Things, Reuters reported.
2 min read · 05 October 2017
Private equity firms looking to bid for Akzo Nobel’s (AKZO.AS) Specialty Chemicals business, which could be valued at up to 9 billion euros, will be offered debt financing of up to 6 billion euros ($7 billion), Reuters said.
2 min read · 05 October 2017
The global private credit market is set to reach US$1trn by 2020, according to a report from the Alternative Credit Council (ACC), an affiliate of the Alternative Investment Management Association (AIMA) that was published on Wednesday, Reuters reported.
2 min read · 05 October 2017
Brookfield Property Partners LP (BPY.N) is considering options for its office properties in the Northeastern United States that include the potential sale of a stake that could value the portfolio at as much as $10 billion, Reuters reported.
2 min read · 05 October 2017
