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, sources told Reuters. Carlyle Group and KKR & Co are among several buyout firms that have held discussions with Borealis Infrastructure Management, an investment division of OMERS that owns Teranet. In 2008, Borealis acquired then-publicly listed Teranet Income Fund for about $1.5 billion. Teranet Income Fund was spun off by the Ontario government in 2003.
2 min read · 20 July 2017
Blackstone Group LP is seeking to raise up to $3 billion in its first Pan-Asia buyout fund for investments in sectors including high-end manufacturing and healthcare, sources told Reuters.
3 min read · 20 July 2017
French payments specialist Ingenico (INGC.PA) is to buy Stockholm-based rival Bambora from Nordic Capital for 1.5 billion euros ($1.7 billion) in the latest deal in the sector, Reuters reported.
2 min read · 20 July 2017
Buyout firm Blackstone Group LP (BX.N) on Thursday reported quarterly earnings that grew but was a touch lower than expected, as strong gains in real estate holdings were eroded by a pullback in credit investment performance, Reuters reported.
1 min read · 20 July 2017
Buyout groups Bain Capital and Cinven launched their sweetened takeover offer for German generic drugmaker Stada (STAGn.DE) on Wednesday, giving shareholders until Aug. 16 to tender their shares, the companies said.
2 min read · 19 July 2017
Three buyout funds are preparing binding offers for British online retailer Shop Direct, a business valued at up to 3 billion pounds ($3.90 billion) by its billionaire owners, twin brothers David and Frederick Barclay, sources told Reuters.
2 min read · 18 July 2017
European private equity investor AAC Capital is selecting banks to sell Envirotainer, a Swedish company renting cold containers for shipping temperature-sensitive healthcare products, sources told Reuters.
1 min read · 18 July 2017
Brokerage BGC Partners Inc said on Tuesday it would buy mortgage provider Berkeley Point Financial LLC from financial services firm Cantor Fitzgerald for $875 million.
1 min read · 18 July 2017
A consortium of private equity firms TPG Capital Management LP and MBK Partners, and investment manager I Squared Capital Advisors LLC have put in separate bids for the fixed-line phone unit of Hong Kong's richest man, Li Ka-Shing,, sources told Reuters.
2 min read · 18 July 2017
Private equity group BC Partners agreed to buy German managed hosting provider PlusServer from GoDaddy Inc (GDDY.N) for an enterprise value of 397 million euros ($459 million) and said it was eyeing further acquisitions in the sector, Reuters reported.
1 min read · 18 July 2017
