Dutch juice bottling company Refresco (RFRG.AS) has received a new 1.6 billion euro ($1.9 billion) buyout offer from French private equity firm PAI Partners.
1 min read · 03 October 2017
The Benetton family’s investment group Edizione Holding has teamed up with Goldman Sachs’s (GS.N) private equity arm to bid for Italian packaging company Guala Closures, sources told Reuters.
1 min read · 03 October 2017
Dutch start-up messaging company MessageBird has landed $60 million in first-round funding, the largest ever early-stage venture capital investment into a European software company, Reuters reported.
2 min read · 03 October 2017
Wal-Mart Stores Inc (WMT.N) said on Tuesday, it has acquired Parcel Inc, a New York-based last-mile delivery startup, as the retailer seeks to better compete with e-commerce giant Amazon.com Inc (AMZN.O), Reuters reported.
1 min read · 03 October 2017
Canadian pension fund OMERS and U.S. private real estate investment firm Madison International Realty are acquiring Berlin’s landmark property Sony Center from Korea’s national pension fund NPS for 1.1 billion euros (US$1.3 billion), Reuters reported. The eight buildings at Berlin’s central square Potsdamer Platz include BahnTower, the headquarters of national railway company Deutsche Bahn AG, as well as office and retail space. Ontario Municipal Employees Retirement System (OMERS) will acquire the property through its Oxford Properties unit, which recently invested in Paris’ La Defense district and after the Berlin deal will have 2.3 billion euros in continental European investments. Most of its other assets are located in London.
1 min read · 02 October 2017
Canadian apparel company Roots Corp has set a price range of C$14 ($14.00) to C$16 per share for its planned Toronto initial public offering (IPO), seeking to raise about C$200 million, according to a term sheet of the deal seen by Reuters on Monday.
2 min read · 02 October 2017
Canadian apparel company Roots Corp has set a price range of $14 to $16 per share for its planned Toronto initial public offering, seeking to raise about $200 million, according to a term sheet of the deal seen by Reuters. Roots, known for its trademark beaver logo, rustic casual wear and Canadian-made leather goods, is expected to price the IPO in the week of October 16. But investors hoping for Roots to score another high-flying IPO debut like its bigger counterpart Canada Goose Holdings Inc may be in for a disappointment, given the company's more modest growth and broader retail challenges. Roots is a portfolio company of U.S. private equity firm Searchlight Capital Partners, which acquired a controlling stake in 2015.
2 min read · 02 October 2017
Asia’s biggest warehouse operator, Global Logistic Properties, agreed to acquire European logistics platform Gazeley for about US$2.8 billion, marking its first push into Europe and underscoring consolidation in the buoyant sector, Reuters reported. GLP said the properties, owned by funds affiliated with Canada's Brookfield Asset Management, were spread across four countries and comprised 32 million square feet (3.0 million square metres) of total gross leasable area. Singapore-listed GLP, which has a US$42 billion portfolio of assets across China, Japan, Brazil and the United States, is benefiting from rising demand for logistics facilities driven by a boom in e-commerce. Toronto-based Brookfield acquired Gazeley in 2013 from an affiliate of Dubai World.
2 min read · 02 October 2017
Swedish enterprise software maker IFS, owned by private equity firm EQT, said on Thursday it had struck a deal to buy U.S. software company WorkWave in its biggest ever acquisition.
1 min read · 02 October 2017
Britain’s Monarch Airlines collapsed on Monday, stranding more than 100,000 travelers abroad after it fell victim to intense competition for flights to holiday destinations in Spain and Portugal, Reuters reported.
4 min read · 02 October 2017
