Buyout firms Carlyle and Southern Capital Group are in talks to sell their majority stake in Solusi Tunas Pratama in a deal that could value the Indonesian telecoms tower operator at about $1 billion, sources told Reuters.
3 min read · 17 August 2017
U.S. buyout firm Hellman & Friedman LLC is exploring the sale of a stake in HUB International Ltd in a deal that could value one of the largest North American insurance brokerages at between US$6 billion and US$7 billion, sources told Reuters. Hellman & Friedman, which acquired Hub in 2013, has hired an investment bank to explore the stake sale, the sources said. Several private equity firms, sovereign wealth funds and public pension funds are considering an investment. Chicago-based HUB provides insurance products through more than 400 brokerages across Canada and the United States. It was founded in 1998 with the merger of 11 privately held Canadian brokerages.
2 min read · 17 August 2017
LaSalle Investment Management Inc has set a new capital-raising target of $1 billion for the fifth of its pan-Asia opportunistic real estate funds, one of which is expected to significantly outperform a target annual return of 18 percent, the unit of Jones Lang LaSalle Inc said on Wednesday.
1 min read · 17 August 2017
Silver Run Acquisition II, a private equity backed oil and gas startup led by the former chief executive of Anadarko Petroleum Corp, has agreed to acquire two Oklahoma energy companies, Reuters reported.
2 min read · 17 August 2017
Latin American online travel provider Despegar.com Corp on Tuesday filed to raise up to $100 million in an initial public offering on the New York Stock Exchange, Reuters reported.
2 min read · 16 August 2017
Telecoms group China Unicom is raising $11.7 billion from about a dozen investors including tech giants Alibaba Group (BABA.N) and Tencent Holdings (0700.HK), as part of Beijing's push for state-owned enterprises to be revitalized with private capital, Reuters reported.
3 min read · 16 August 2017
U.S. semiconductor testing company Cohu Inc (COHU.O) is trying to block the sale of rival Xcerra Corp (XCRA.O) to a Chinese government-controlled fund citing national security concerns, the Wall Street Journal reported on Tuesday.
1 min read · 16 August 2017
Private equity house EMR Capital has purchased an 80 percent stake in a Zambian copper mine from African Rainbow Minerals (ARM) and its partner for $97.10 million, ARM said on Tuesday.
1 min read · 16 August 2017
Britain's Prudential (PRU.L) sold its broker-dealer network in the United States for $325 million to LPL Financial (LPLA.O), Reuters reported.
1 min read · 16 August 2017
American International Group Inc wants to sell a $2 billion portfolio of life insurance policies that would pay out when sick or elderly customers die, sources told Reuters.
2 min read · 15 August 2017
