Aeropostale Inc said it secured a $150 million credit facility from private equity firm Sycamore Partners, in what could be a lifeline for the struggling teen apparel retailer, Reuters reported.
2 min read · 28 May 2014
Canadian drugmaker Valeant Pharmaceuticals International Inc raised the cash component of its unsolicited offer for Botox-maker Allergan Inc, valuing the U.S. firm at $49.44 billion (29.51 billion pounds) and ratcheting up pressure on the target company, Reuters reported.
2 min read · 28 May 2014
Europe's third-largest catering group Elior said it aimed to raise at least 845 million euros ($1.2 billion) in a mid-June initial public offering (IPO) and would use the proceeds to cut debt and fund further expansion, notably in the United States.
3 min read · 28 May 2014
Flipkart, India's largest e-tailer, raised $210 million in a fresh round of funding from a group of four investors led by internet-focused investment group DST Global, it said in a statement on Monday.
1 min read · 27 May 2014
Italian designer Roberto Cavalli has approached Gulf investment firm Investcorp as a potential buyer for a stake in his fashion brand, a source told Reuters.
2 min read · 27 May 2014
Finland's five-party government has agreed to sell Destia, a state-owned road and rail construction company, to private equity firm Ahlstrom Capital as it looks to reduce borrowing and boost competition in the sector, Reuters reported.
1 min read · 27 May 2014
Pilgrim's Pride Corp, the world's second largest chicken producer, said it offered to buy packaged food company Hillshire Brands Co in a $6.4 billion deal as it looks to add pork and beef products to its portfolio, Reuters reported.
1 min read · 27 May 2014
Kakao Corp, the dominant messaging app firm in South Korea, has agreed to buy Internet portal company Daum Communications in a $3.3 billion stock deal, circumventing a potentially time-consuming IPO process with a back door listing, Reuters reported.
2 min read · 27 May 2014
Australian private equity firm Ironbridge plans to sell the country's No. 2 fertility company in a float worth up to A$300 million ($277.47 million), joining a stampede of IPO activity in a buoyant sharemarket, a source told Reuters.
2 min read · 27 May 2014
Gaillon Invest, the investment vehicle of Chinese conglomerate Fosun and French private equity firm Ardian, said it did not plan to raise its takeover offer for Club Mediterrannee despite a possible higher rival bid, Reuters reported.
1 min read · 27 May 2014
