JPMorgan Chase & Co (JPM.N), the biggest U.S. bank by assets, is planning to merge its UK-based private banking unit with its wider European wealth operation ahead of the UK's exit from the European Union, Sky News reported on Wednesday.
1 min read · 26 July 2017
Indian online marketplace Snapdeal has accepted Flipkart's revised takeover offer of up to $950 million, two sources said on Wednesday, providing heft to its bigger rival in a high-stakes battle with Amazon.com Inc, Reuters reported.
2 min read · 26 July 2017
The Hong Kong stock exchange has rejected the IPO application of AMTD Strategic Capital Group , a corporate insurance broker backed by Morgan Stanley's private equity arm, Reuters reported.
2 min read · 25 July 2017
HNA Group, the Chinese airline-to-banking conglomerate, has tapped investment bank Goldman Sachs (GS.N) to list Pactera, the Beijing-based IT outsourcing firm it bought from private equity firm Blackstone, sources told Reuters.
2 min read · 25 July 2017
Hong Kong's CK Infrastructure (1038.HK)(CKI) is seen as the frontrunner to buy German metering and energy management group Ista for more than 4.5 billion euros ($5.2 billion), sources told Reuters.
2 min read · 25 July 2017
Activist investor Sandell Asset Management Corp on Tuesday urged Barnes & Noble Inc (BKS.N) to sell itself, saying internet and media companies or private equity firms might be interested in buying the U.S. bookstore chain operator, Reuters reported.
1 min read · 25 July 2017
Hong Kong's CK Infrastructure is seen as the front-runner to buy German metering and energy management group Ista for more than 4.5 billion euros (US$5.2 billion), sources told Reuters. CKI made a binding offer for private equity-owned Ista on Tuesday, while two consortiums considered strong contenders refrained from making final bids, the sources said. Canada Pension Plan Investment Board, which already owns a minority stake in Ista and had tied up with Blackstone Group to buy the whole company, was one of the contenders to hold back, as was a consortium of Ontario Teachers' Pension Plan and Brookfield Asset Management. Owner CVC Capital Partners is expected to choose a buyer this week.
2 min read · 25 July 2017
U.S. retailer Michael Kors (KORS.N) has agreed to buy luxury shoemaker Jimmy Choo (CHOO.L) for $1.2 billion, snapping up a British company whose towering stilettos have been made famous by celebrity customers from Princess Diana to Kendall Jenner, Reuters reported.
3 min read · 25 July 2017
Private equity firm Carlyle Group LP is looking to raise $15 billion for its next U.S. buyout fund, Bloomberg reported on Monday, citing people familiar with the matter.
1 min read · 24 July 2017
Rent-A-Center Inc (RCII.O) snubbed takeover interest from private equity firms HIG Capital and Lone Star Funds before it turned down an offer of $800 million from buyout firm Vintage Capital this month, sources told Reuters.
2 min read · 24 July 2017
