Private equity giant Blackstone Group has called off the sale of its A$3.5 billion ($2.8 billion) Australian shopping mall portfolio, a source said, as the looming arrival of Amazon.com spooks buyers of bricks-and-mortar stores, Reuters reported.
2 min read · 05 September 2017
Newspaper company Tronc Inc (TRNC.O), which owns the Chicago Tribune and the Los Angeles Times, said it acquired the New York Daily News from media and property mogul Mort Zuckerman, Reuters reported.
1 min read · 05 September 2017
The maker of hit mobile phone game “Angry Birds” is planning an initial public offering to raise around 30 million euros ($36 million) and potentially use its shares to make acquisitions, Reuters reported.
2 min read · 05 September 2017
Deutsche Asset Management (DAM) plans to launch the sale of its stake in British water company Kelda Group as soon as next month with an estimated valuation of close to 1 billion pounds ($1.3 billion), sources told Reuters.
1 min read · 01 September 2017
U.S. private equity firm Hellman & Friedman is the frontrunner in the race to acquire Nets, Scandinavia’s largest payments processor, the Financial Times reported, citing people close to the discussions.
1 min read · 01 September 2017
Japanese insurer Sompo Holdings Inc (8630.T) said on Friday it has agreed to sell British unit Sompo Canopius to private equity consortium led by Centerbridge Partners for $952 million.
1 min read · 01 September 2017
U.S. President Donald Trump is expected to nominate Columbia University law professor Robert Jackson to be a member of the Securities and Exchange Commission, a source told Reuters.
1 min read · 01 September 2017
European insurers Allianz and Baloise Holding and London-based buyout fund Cinven are finalizing rival offers for Generali’s Belgian unit ahead of a Sept. 8 deadline, sources told Reuters.
2 min read · 01 September 2017
Private equity firms Bain and Cinven, the buyout firms that have taken control of Stada, picked generic drug industry veteran Claudio Albrecht as the German group’s fourth chief executive in 15 months, Reuters reported.
2 min read · 01 September 2017
Rathbone Brothers (RAT.L) has abandoned an attempt to merge with rival wealth manager Smith & Williamson (S&W) after failing to agree to a deal that would have been “in the best interests” of its shareholders, Reuters reported.
2 min read · 31 August 2017
