Digital rights group Access Now on Thursday began circulating a petition urging Blackstone Group to abandon any plan to invest in Israeli firm NSO Group, a maker of spyware for mobile devices, following a report that such a deal may be imminent.
2 min read · 27 July 2017
German sportswear group Adidas AG has agreed to sell its CCM ice hockey brand to Canadian private equity firm Birch Hill Equity Partners for US$110 million ($138 million) as it focuses more strongly on its core Adidas and Reebok brands, Reuters reported. Adidas has shaken up its business in the United States and shed non-core businesses to regain ground lost to Nike Inc, outpacing its rival's sales growth in key markets this year. Birch Hill will pay most of the purchase price for CCM in cash and the rest in the form of a secured note, Adidas said. Based in Montréal, CCM is a designer, manufacturer and marketer of ice hockey equipment and related apparel. It was acquired by Reebok in 2004.
2 min read · 27 July 2017
Co-working space startup WeWork has set up a Chinese unit, with the help of a $500 million investment from China's Hony Capital and Japan's SoftBank Group Corp, to tap into a booming demand for shared office space in the world's No.2 economy, Reuters reported.
2 min read · 27 July 2017
Callsign Inc, a startup that had developed technology to help users access websites more securely, has raised $35 million from investors including Accel, PTB Ventures and NightDragon Security, the firm of former McAfee chief executive David DeWalt, , Reuters reported.
2 min read · 27 July 2017
U.S. buyout firm KKR & Co (KKR.N) has agreed to set up an auto parts joint venture with South Korea's LS Group and buy LS' materials business - a deal that follows its purchase of Nissan Motor (7201.T) supplier Calsonic Kansei last year, Reuters reported.
1 min read · 27 July 2017
The publisher of iconic marijuana enthusiast magazine, "High Times," plans to take the company public in the fall, two sources familiar with the situation told Reuters this week, as an increasing number of U.S. states legalize the drug, Reuters reported.
2 min read · 27 July 2017
Asset manager Brookfield Business Partners said on Wednesday it would buy 60 percent of Teekay Offshore Partners, a subsidiary of marine transportation provider Teekay Corp, for about $750 million, Reuters reported.
1 min read · 27 July 2017
Nomura Holdings Inc said on Thursday it would tender to sell its shares in Jafco Co through a share buyback with the venture capital firm, as the brokerage looks to deploy its capital more efficiently, Reuters reported.
1 min read · 27 July 2017
KKR & Co LP (KKR.N) said on Thursday its second-quarter after-tax profit almost quadrupled to a record, as the private equity firm marked up the value of several of its investments to reflect their strong performance amid a market rally, Reuters reported.
2 min read · 27 July 2017
Software startup Slack Technologies Inc is raising $250 million in a new funding round, according to people familiar with the matter, boosting the company's valuation as Silicon Valley companies enjoy a surge in venture capital investments, Reuters reported.
2 min read · 27 July 2017
