Qatalyst Partners LP, the Silicon Valley investment banking boutique focusing on technology deals, has decided to shut down its dedicated private capital raising practice after failing to gain traction, sources told Reuters.
2 min read · 11 August 2017
Chinese news aggregator Toutiao, backed by Sequoia Capital and CCB International, is raising at least $2 billion at a valuation of over $20 billion in its latest funding round, sources told Reuters.
3 min read · 11 August 2017
Husky Injection Molding Systems Ltd, a Canadian supplier of injection molding equipment to the global plastics industry, has hired investment bank Goldman Sachs Group Inc to explore a sale that it hopes could value it at close to US$4 billion, including debt, sources told Reuters. U.S. buyout firm Berkshire Partners LLC and the private equity arm of Ontario Municipal Employees Retirement System (OMERS) have asked Goldman Sachs to run the auction for the company. Based in Bolton, Ontario, Husky makes equipment that is used to produce goods for the beverage packaging, closures, thinwall packaging, medical, and consumer electronics markets. Berkshire and OMERS acquired Husky for US$2.1 billion in 2011 from Canadian buyout firm Onex Corp.
2 min read · 11 August 2017
A consortium including Macquarie Group's infrastructure unit and a Canadian pension fund will pay A$1.605 billion (US$1.27 billion) to run the state of South Australia's land registry and management services, Reuters reported. Land Services SA, a joint venture between Macquarie Infrastructure & Real Assets (MIRA) and the Public Sector Pension Investment Board (PSP Investments) will manage the service for the next 40 years. It will take responsibility for land registry and property valuation services in the state, and will also have exclusive rights to commercialize related data. As part of the deal, Land Services will establish an innovation hub in Adelaide, invest in information technology, communications equipment and software, and work with local digital startups.
2 min read · 10 August 2017
Canada Goose Holdings Inc reported a smaller-than-expected quarterly loss as the luxury apparel retailer sold more products across its sales platforms, sending its shares up 5.3 percent on the Toronto Stock Exchange, Reuters reported. After a red hot debut in March, Canada Goose has been opening stores internationally and increasing its presence on e-commerce sites to meet a growing demand for its jackets and parkas. Canada Goose raised about $390 million from its initial public offering in March. U.S. private equity firm Bain Capital, which acquired the company in 2013, continues to be its leading shareholder.
2 min read · 10 August 2017
A tech fund backed by Japan's SoftBank Group has picked up one of the biggest stakes in India's leading homegrown online retailer Flipkart, Reuters reported.
1 min read · 10 August 2017
Essential Products, the smartphone startup founded by a co-creator of the Android mobile operating system, has raised $300 million in new funding and signed up retailers to sell its first device, Reuters reported.
2 min read · 10 August 2017
Private equity firm Centerbridge Partners LP said on Wednesday it had agreed to buy a majority stake in U.S. health insurer Highmark Health's managed vision care benefits unit Davis Vision unit for an undisclosed amount.
2 min read · 09 August 2017
U.S. buyout firm KKR has put on hold a planned acquisition of Hitachi Ltd's chip making equipment and video solution business, the companies said, citing issues over the terms of the deal, Reuters reported.
2 min read · 09 August 2017
Bahrain-based Investcorp is aiming to make 10 investments across its private equity and real estate businesses in the current financial year, Co-Chief Executive Rishi Kapoor said on a media call on Wednesday, Reuters reported.
2 min read · 09 August 2017
