Unilever (ULVR.L)(UNc.AS) has agreed to pay 2.27 billion euros ($2.71 billion) to buy fast-growing cosmetics company Carver Korea in its latest move to build a global beauty business, Reuters reported.
2 min read · 25 September 2017
China’s Shandong Weigao Group Medical Polymer Co Ltd has agreed to acquire US-based and unlisted Argon Medical Devices Holdings Inc for $850 million, as part of its overseas expansion drive, Reuters reported.
1 min read · 25 September 2017
Genuine Parts Co (GPC.N), a U.S.-based automotive replacement parts distributor, said on Monday it would buy European peer Alliance Automotive Group in a deal valued at about $2 billion, including debt.
1 min read · 25 September 2017
KKR & Co LP has added a small sweetener to its bid for Australia’s Pepper Group, caving to a demand from the non-bank lender’s biggest shareholder and bringing the deal value to A$682 million ($543 million), Reuters reported.
2 min read · 25 September 2017
Payments firm Nets on Monday welcomed a 33.1 billion Danish crown ($5.3 billion) bid from U.S. firm Hellman & Friedman, marking what could be one of the largest European private equity takeovers in recent years, Reuters reported.
2 min read · 25 September 2017
CareCentrix Inc, a U.S. benefits manager majority owned by private equity firm Summit Partners, is exploring a sale that could value it at around $1 billion, including debt, people familiar with the matter said on Friday.
2 min read · 22 September 2017
SBI Life Insurance Co Ltd’s initial public offering to raise 84 billion rupees (US$1.3 billion), India’s biggest IPO in seven years, was subscribed more than 3.5 times on the closing day, strengthening the outlook for share sales in what is expected to be a record year, Reuters reported. SBI Life, which will be the second life insurance company to list, saw bids for about 29.5 million shares, compared to the 8.8 million shares on offer, stock exchange data showed. Anchor investors, including Canada Pension Plan Investment Board and Singapore state investor GIC, have already committed to subscribe to 22.26 billion rupees worth of shares.
2 min read · 22 September 2017
Chinese search engine Baidu Inc (BIDU.O) announced a 10 billion yuan ($1.52 billion) autonomous driving fund on Thursday as part of a wider plan to speed up its technical development and compete with U.S. rivals, Reuters reported.
2 min read · 22 September 2017
Buyout group Blackstone has bought German measuring technology group Schenck Process from private equity investor IK Investment Partners, the groups said on Thursday.
1 min read · 22 September 2017
North Asia private equity firm MBK Partners is preparing a bid to buy language learning business Wall Street English (WSE) from Pearson PLC , the world’s biggest education company, sources told Reuters.
2 min read · 22 September 2017
