The New York financial regulator is examining whether to overturn insurer Athene Holding Ltd's bid for the U.S. annuity business of Britain's Aviva PLC, part of its recent crackdown on private equity insurance deals, the Wall Street Journal reported.
2 min read · 16 July 2013
Australian surfwear company Billabong International Ltd will sell its DaKine clothing and accessories brand and jettison Chief Executive Launa Inman as part of a A$395 million ($359 million) refinancing deal with a former private-equity suitor, Reuters reports.
3 min read · 16 July 2013
The owners of Finnish telecoms operator DNA dropped plans to sell the company, after failing to get a satisfactory bid from private equity investors, Reuters reported.
1 min read · 16 July 2013
Apple is in early negotiations to buy Israel-based PrimeSense, a developer of chips that enable three-dimensional machine vision, for $280 million, Reuters reported citing the Calcalist new website said on Tuesday.
1 min read · 16 July 2013
China's Shuanghui International Holdings, which has agreed to buy U.S. pork producer Smithfield Foods Inc. for $4.7 billion, plans to list the combined company in Hong Kong after completing the takeover, people with knowledge of the matter told Reuters.
3 min read · 16 July 2013
Berlin-based e-commerce incubator Rocket Internet has raised funds from Kinnevik and Access.
1 min read · 16 July 2013
Natural gas company EQT Corp said it will sell its Sunrise pipeline unit to EQT Midstream Partners LP for $507.5 million in cash and $32.5 million of common and general partners units, Reuters reported.
1 min read · 16 July 2013
WCI Communities Inc, which counts Monarch Alternative Capital LP and Stonehill Institutional Partners LP among its stockholders, said it expects to raise as much as $222.4 million from its initial public offering as the luxury home builder plans to tap into the rising demand for new homes, Reuters reports.
2 min read · 15 July 2013
Germany's second biggest lender Commerzbank has sold a 5 billion euro ($6.5 billion) portfolio of UK property loans to U.S. peer Wells Fargo and private equity firm Lone Star, Reuters reports.
1 min read · 15 July 2013
Britain will start selling its shares in Lloyds Banking Group to pension funds and insurers later this year, rejecting interest from private equity and sovereign wealth funds, industry and political sources said, writes Reuters. The government could sell up to a quarter of its 39 percent stake as early as September, the sources said, especially if the bank's first-half results, due in August, are well received, writes Reuters.
3 min read · 15 July 2013
