Hutchison Telecommunications Hong Kong Holdings Ltd shares jumped almost 15 percent when it started trading on Monday, a day after it announced the sale of its fixed-line business for about $1.9 billion, Reuters reported.
2 min read · 31 July 2017
U.S. asset manager Blackstone (BX.N) has entered into exclusive talks with Banco Popular over the sale of a majority stake in the rescued Spanish lender's property portfolio, Reuters reported.
1 min read · 31 July 2017
Atlas Merchant Capital LLC, the investment firm led by former Barclays Plc Chief Executive Officer Bob Diamond, is in advanced talks to acquire a Hartford Financial Services Group Inc annuity run-off business for between $3 billion and $3.5 billion, sources told Reuters.
2 min read · 28 July 2017
Chinese startup Ofo is in talks to raise $1 billion in a new funding round led by Japan's SoftBank Group, sources told Reuters, in what would be the largest fund-raising in the nation's bike-sharing business.
3 min read · 28 July 2017
Jonathan Golub will become chief U.S. equity strategist at Credit Suisse Group AG (CSGN.S), having left a similar position at RBC Capital Markets, according to an internal memo viewed by Reuters.
1 min read · 28 July 2017
U.S. women's shoe company Aerosoles Group is exploring several options including a debt restructuring or sale of the company, as it struggles to adapt to fast-changing consumer tastes, sources told Reuters.
2 min read · 28 July 2017
A consortium led by Hong Kong's CK Infrastructure said it would buy German metering and energy management group Ista in a deal valued at up to US$5.25 billion, Reuters reported. CKI, part of conglomerate CK Hutchison Holdings, is acquiring Ista from private equity firm CVC Capital Partners. Canada Pension Plan Investment Board holds a minority stake in Ista, obtained in 2013 as part of CVC's acquisition. CPPIB reportedly teamed up with Blackstone Group to bid for the whole company.
2 min read · 27 July 2017
A consortium led by Hong Kong's CK Infrastructure (1038.HK) said on Thursday it would buy German metering and energy management group Ista in a deal valued at up to 4.5 billion euros ($5.25 billion).
2 min read · 27 July 2017
Morgan Stanley (MS.N) aims to raise $500 million from clients for a new fund that will invest in niche assets that may hard to liquidate quickly and are too complicated for most private equity or hedge funds, according to a document seen by Reuters.
2 min read · 27 July 2017
Private equity-owned business software company BMC Software Inc has ended talks to merge with enterprise software maker CA Inc after struggling to arrange financing for the deal, a source told Reuters.
1 min read · 27 July 2017
