An affiliate of buyout firm Carlyle (CG.O) will buy a 26 percent stake in each of two credit card joint ventures of State Bank of India (SBI.NS), the top Indian lender said on Friday.
1 min read · 21 July 2017
Italy's Benetton family is vying with motorbike firms and buyout funds for control of Italian motorcycle brand Ducati, which is being sold by Germany's Volkswagen (VOWG_p.DE), sources told Reuters.
3 min read · 21 July 2017
Canada's Brookfield Asset Management is in talks with Odebrecht SA to buy seven Brazilian highways operated by the conglomerate's transportation unit, sources told Reuters. Brookfield and Odebrecht signed an exclusivity agreement to negotiate the acquisition. Odebrecht has rights to operate 1,712 kilometres of seven different highways in five Brazilian states. One of the largest is the Rota das Bandeiras, in Sao Paulo, Brazil's richest state. The source gave no details of the deal's value.
1 min read · 21 July 2017
Private equity firm Apollo Global Management LLC (APO.N) is preparing to take U.S. security company ADT Corp public at a $15 billion plus valuation, just over a year after buying it, sources told Reuters.
2 min read · 21 July 2017
Spanish builder ACS is discussing with various pension and infrastructure funds and private equity firms launching a potential counter-bid for Abertis, sources told Reuters.
1 min read · 21 July 2017
Private equity firms Blackstone (BX.N) and CVC Capital Partners joined a rush to snap up payments companies on Friday with a 2.9 billion pound ($3.7 billion) bid for Paysafe Group, Reuters reported.
3 min read · 21 July 2017
Mining giant Glencore Plc is working with a Canadian pension fund to create a standalone 50:50 joint venture for its portfolio of royalty assets, sources told Reuters. Reuters reported in May that Glencore had hired the Bank of Nova Scotia to sell its royalty assets, including one for the Antamina copper-zinc mine in Peru, which was expected to fetch up to US$250 million. It is now in talks to create a 50:50 venture for the assets with Ontario Teachers’ Pension Plan. A separate vehicle would help Glencore to secure supplies of copper, zinc and nickel for its trading unit. Both firms would also expand the portfolio by purchasing royalties from other miners’ operations, the sources said.
2 min read · 21 July 2017
Four "portable" leveraged loans have hit the European leveraged loan market in recent weeks as private equity firms put pressure on banks to allow loans to stay in place when companies are sold, reducing the need for new financings.
4 min read · 20 July 2017
Cyber-security startup StackRox said on Tuesday it has raised $14 million in a Series A funding round led by Sequoia Capital, providing the three-year old company with funds to use for product development and expansion of its sales team.
1 min read · 20 July 2017
Canadian pension plan Ontario Municipal Employees Retirement System has been talking with major U.S. and Canadian private equity firms about selling land registry company Teranet in a deal that could fetch about $3 billion (US$2.4 billion), sources told Reuters.
2 min read · 20 July 2017
