Google Inc is considering buying Israeli mobile satellite navigation start-up Waze Inc, which may lead to a bidding war with Facebook Inc, Bloomberg news reported.
1 min read · 24 May 2013
Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters LPC on Thursday.
2 min read · 23 May 2013
Blackstone Group LP and Prologis Inc have agreed to buy a portfolio of 17 million square feet of warehouse and distribution centers whose majority owner is Lehman Brothers for about $960 million, sources tell Reuters.
2 min read · 23 May 2013
Building products maker CPG International is being prepared for a sale by its private equity owner, a deal that could fetch between $1 billion and $1.5 billion, sources tell Reuters.
2 min read · 23 May 2013
Title insurer Fidelity National Financial Inc and buyout firm Thomas H. Lee Partners are in advanced talks to acquire mortgage service provider Lender Processing Services Inc, Reuters reports.
1 min read · 23 May 2013
A team including former General Motors Co executive Bob Lutz and China's largest parts maker is looking to buy Fisker Automotive for $20 million, a fraction of the "green" car company's estimated worth almost a year and a half ago, writes Reuters. In the spring of 2012, Fisker competed a fundraising round that valued the company at $2.2 billion.
2 min read · 23 May 2013
Indian local search service provider Just Dial Ltd's up to $170 million initial public offer was subscribed 11.6 times on closing in what is the biggest IPO in the country so far this year, writes Reuters. The response to the equity offering signals strong investor appetite for new shares, although bankers said this would unlikely open up the moribund IPO market in the near term with few medium-to-large sized issues in the pipeline, writes Reuters.
2 min read · 23 May 2013
Belgian postal operator bpost will list a minority stake, currently held by private equity group CVC Funds, on the Brussels stock exchange, writes Reuters. The Belgian state will continue to hold a 50.01 percent stake in the former monopoly and will not sell shares in the offering.
1 min read · 23 May 2013
U.S. private equity firm Carlyle Group LP is planning to raise 200 billion yen ($2 billion) for a third Japan fund to succeed its seven-year old second fund, with Japan's aggressive monetary easing helping to boost investor interest, Reuters is reporting.
2 min read · 22 May 2013
Alinta Energy is planning a $1 billion-plus debt issue in the U.S. term loan B institutional market to refinance maturing debt, writes Reuters. Alinta is owned by TPG Capital.
3 min read · 22 May 2013
