Australia's Virtus Health Ltd became the first in-vitro fertilization company in the world to list, hitting the boards at a 7 percent premium to its offer price and sparking hope of renewed life in the country's stalled initial public offering market, writes Reuters. The float is the largest on the Australian exchange so far this year and the biggest private equity exit via an IPO since the disastrous $2 billion listing of department store company Myer Holdings Ltd in 2009, writes Reuters.
4 min read · 11 June 2013
National Envelope, the largest private U.S. envelope maker, sought bankruptcy protection for the second time in three years Monday as cost cuts failed to keep pace with the decline in mail usage, Reuters reported.
2 min read · 10 June 2013
Nordics-focused private equity group Altor aims to list debt collector Lindorff, possibly sometime next year, Reuters reported.
2 min read · 10 June 2013
Google Inc is finalizing a deal to acquire online mapping company Waze for $1.3 billion, according to a source familiar with the matter.
2 min read · 10 June 2013
Google is close to buying Waze for $1.3 billion, an Israeli newspaper reported on Sunday, potentially trumping rival offers for the Israeli mapping start-up.
1 min read · 10 June 2013
AstraZeneca is to buy U.S. respiratory drug specialist Pearl Therapeutics for up to $1.15 billion as Britain's second biggest drugmaker steps up a drive to rebuild its product pipeline via deal-making, Reuters reported.
2 min read · 10 June 2013
Italian defense group Finmeccanica and private equity fund Cinven will get at least five offers for satellite propulsion system unit Avio Spazio, writes Reuters. French groups Safran and Thales, French-German consortium EADS and two unnamed operators from Germany and the United States will submit preliminary offers for the company by the end of June, business daily Il Sole said, writes Reuters.
1 min read · 10 June 2013
Private equity-backed life insurer Partnership Assurance Group made a robust London stock market debut on Friday, in the strongest year for British company listings on their home patch since the financial crisis, Reuters reported.
3 min read · 07 June 2013
The most anticipated IPO since Facebook has attracted lawyers, bankers and potential investors, showering China's Alibaba with attention ahead of a stock offering that some say could exceed $15 billion, Reuters reported.
3 min read · 07 June 2013
Private equity-backed British estate agent Foxtons has hired three banks to run a planned London stock market listing, a source tells Reuters.
2 min read · 06 June 2013
