Glenveagh Properties plans to raise up to 550 million euros ($646 million) in Ireland’s second largest initial public offering since the 2008 financial crisis to add much needed housing supply to Europe’s fastest growing economy, Reuters reported.
2 min read · 02 October 2017
Cia Energética de Minas Gerais SA and a subsidiary plan to exit their controlling stake in Brazilian renewable power company Renova Energia SA as Brookfield Asset Management considers raising a takeover bid more than initially expected, sources told Reuters. According to the sources, Brookfield would offer Cemig and subsidiary Light SA the equivalent of 11.75 reais (US$3.72) per unit of Renova. Getting the nod from both Cemig and Light would enable Canada-based Brookfield to take control of Renova more assertively and expand faster in Brazil’s renewable power industry. If the improved proposal materializes into a formal bid, Brookfield would spend about 1.05 billion reais (US$332.3 million) to win control of Renova. Brookfield could either pump an extra 800 million reais into Renova or take the company private, Reuters reported on September 8.
2 min read · 02 October 2017
Under the leadership of Chief Executive Mike Cagney, Social Finance Inc (SoFi) set its sights on becoming a one-stop shop for every well-to-do millennial looking for financial services and a romantic partner, Reuters reported.
4 min read · 02 October 2017
U.S. private equity firm Bain Capital plans to buy Japanese advertising agency Asatsu-DK Inc (9747.T) in a deal that could be worth $1.2 billion or more, Reuters reported.
1 min read · 02 October 2017
U.S. investment firm JC Flowers has put its majority stake in French creditor protection insurance and mortgage broker Financiere CEP Group up for sale, Financiere CEP’s chief executive told Reuters.
1 min read · 29 September 2017
Finnish mobile games studio Rovio Entertainment Ltd priced its initial public offering (IPO) at the top end of the initial range on Thursday, giving it a market value of 896 million euros ($1.06 billion) before its market debut on Friday, Reuters reported.
2 min read · 29 September 2017
U.S. private equity firm Carlyle Group is exploring a sale of portfolio company Array Marketing Group, a Canadian provider of retail merchandising displays, that could value it as much as US$1 billion, two sources told Reuters. Carlyle is working with investment banks Jefferies and Robert W. Baird to seek out potential buyers for the Toronto-based company, the sources said. Carlyle acquired Array in 2015 for an undisclosed sum. The seller was Canadian private equity firm TorQuest Partners. TorQuest, which bought the company from Brentwood Associates in 2012, earned a 61 percent internal rate of return from the sale to Carlyle.
2 min read · 28 September 2017
U.S. private equity firm Carlyle Group (CG.O) is looking to sell its 30 percent stake in Turkish lingerie and swimwear retailer Penti and has mandated Goldman Sachs (GS.N) to advise on the sale, sources told Reuters.
2 min read · 28 September 2017
Belgian group D‘Ieteren is in the advanced stages of selling around 40 percent of Belron, its vehicle windscreen repair business, seeking a valuation of 3 billion euros ($3.5 billion) or more, including debt, sources told Reuters.
2 min read · 28 September 2017
Shares of Roku Inc (ROKU.O), a Fox-backed video streaming firm, rose as much as 16.6 percent in their market debut on Thursday, giving the U.S. IPO market a much-needed shot in the arm, Reuters reported.
2 min read · 28 September 2017
