U.S.-based packaging group Multi-Color Corp (LABL.O) said it would buy the labels unit of Constantia Flexibles GmbH (IPO-COFH.VI) for about $1.3 billion in cash and stock.
1 min read · 17 July 2017
U.S. buyout firm Carlyle Group LP (CG.O) said it agreed to buy airfield lighting group ADB Safegate from private equity group PAI Partners., Reuters reported.
1 min read · 17 July 2017
Oaktree Capital Management LP, the largest shareholder of Tembec Inc, said it would vote against Rayonier Advanced Materials Inc's US$807 million acquisition of the Canadian forest products company, Reuters reported. The U.S. investor, which owns 19.9 percent of Tembec, called on Rayonier to sweeten its bid, saying: "If the offer is not increased, we believe Tembec shareholders would be better off...independent." Jacksonville, Florida-based Rayonier, which supplies cellulose found in cellphones, computer screens and pharmaceutical drugs, said in May it would buy Tembec to expand into packaging and forest products.
1 min read · 14 July 2017
U.S. funds Fortress Investment Group (FIG.N), Bain Capital and Blackstone (BX.N) have been picked to submit binding bids for a 1 billion euro ($1.1 billion) Italian bad loan portfolio, sources told Reuters.
2 min read · 14 July 2017
Private equity investment firm Carlyle (CG.O) is preparing a sale of one of Germany's top three nursing home operators, Alloheim, as it seeks to benefit from high valuations for healthcare assets, sources told Reuters.
1 min read · 14 July 2017
Two leading Canadian pension funds have agreed to sell their stakes in Britain's High Speed 1 (HS1) rail project to a consortium of funds including HICL Infrastructure and South Korea's National Pension Service, Reuters reported.
2 min read · 14 July 2017
Two leading Canadian pension funds have agreed to sell their stakes in Britain's High Speed 1 (HS1) rail project to a consortium of funds including HICL Infrastructure and South Korea's National Pension Service, Reuters reported. The deal valued HS1 at more than 3 billion pounds (US$3.9 billion), two sources said. The deal was struck with Borealis Infrastructure, the infrastructure investment manager of the Ontario Municipal Employees Retirement System (OMERS), and Ontario Teachers' Pension Plan, which have held their stake since 2010. HS1 operates the 109-kilometre high-speed rail line connecting London St Pancras International station with the Channel Tunnel.
2 min read · 14 July 2017
Japanese information technology company NEC Corp (6701.T) is looking at buying British software firm Civica for 900 million pounds ($1.2 billion) and has hired advisors to work on an offer, Sky News reported.
2 min read · 14 July 2017
A leading Chinese private equity consortium backed by senior executives from Global Logistic Properties (GLP) (GLPL.SI) won a bid to acquire GLP for S$16 billion ($11.6 billion), marking Asia's largest private equity buyout in a buoyant sector, Reuters reported.
3 min read · 14 July 2017
American Development Partners, a private equity and real estate firm, has agreed to invest $1 billion alongside American Family Care, the largest operator of urgent care centers in the United States, to expand its franchises, the company said on Thursday.
2 min read · 14 July 2017
