U.S. private equity firm Bain Capital LP on Thursday said it aims to list Toshiba Corp’s chip unit on the Tokyo Stock Exchange within three years, to cash in its investment after leading an $18 billion acquisition of the business, Reuters reported.
2 min read · 05 October 2017
Private equity firms and hedge funds had funds under management of US$600 billion globally last year to lend to companies, a survey said this week, as they step into the shoes of traditional lenders, Reuters reported. The trend highlights a shift away from banks as a source of finance after the financial crisis, as bad loans given in the past continue to linger. It also shows how central bank money printing since the crash has helped to bolster private equity funds. That has created an industry known as private credit, where alternative providers lend at higher interest rates to companies, which may otherwise struggle to get money from a bank.
2 min read · 04 October 2017
Russia and Saudi Arabia plan to set up a $1 billion fund to invest in technology, the chief executive of a sovereign Russian wealth fund said on Wednesday, Reuters reported.
2 min read · 04 October 2017
Boutique investment bank PJT Partners Inc has added another former Morgan Stanley managing director, Michel Antakly, to its growing stable of senior advisers in London, a source told Reuters.
1 min read · 04 October 2017
Dubai-based private equity firm Abraaj Group said on Wednesday it made an investment in Pakistan’s top cinema operator, Cinepax, to drive expansion over the next four years.
1 min read · 04 October 2017
SAN FRANCISCO (Reuters) - Uber Technologies Inc’s fractured board declared peace on Tuesday, attempting to put months of strife behind it by unanimously passing a series of measures to shore up corporate governance, bring in major investor SoftBank and diminish the power of former Chief Executive Travis Kalanick, Reuters reported.
3 min read · 04 October 2017
U.S. buyout firm Bain Capital, which leads a consortium that last week signed an $18 billion deal with Toshiba Corp to buy its chip unit, said it will hold a news conference at 3 pm JST (0600 GMT) on Thursday to discuss the deal, Reuters reported.
1 min read · 04 October 2017
Canadian debt issuance climbed 12 percent to a record in the first nine months of 2017, helped by deals from Canada Housing Trust and a major maple bond from Apple, bucking a weak trend in mergers and acquisitions (M&A) and equity deals as Canadian companies slowed the pace of their outbound deal-making, Reuters reported. Debt deal volumes rose to $140.5 billion in the period, while M&A and equity deals dropped more than a fifth, according to Thomson Reuters data released this week. High valuations and uncertainty surrounding U.S. regulations and trade policies held back Canadian buyers from acquiring overseas assets, bankers said. But the maple bond market, in which foreign companies sell Canadian dollar-denominated debt, attracted a slew of blue-chip companies.
3 min read · 03 October 2017
Carlyle Group LP signed a definitive agreement to sell Klenk Holz AG, its German building materials unit, to Binderholz GmbH, the private equity firm said on Friday.
1 min read · 03 October 2017
India’s ride-hailing company Ola on Monday secured $2 billion in new funding from a group of investors, including SoftBank Group Corp (9984.T) and Tencent Holdings Ltd (0700.HK), Bloomberg reported, citing a person familiar with the matter.
1 min read · 03 October 2017
