Consumer electronics company Jawbone had more than enough money to take on Fitbit and other health-tracking devices in the "wearables" market, Reuters reported.
4 min read · 10 July 2017
Private equity firm Apollo Global Management LLC (APO.N) said on Sunday it had agreed to acquire ClubCorp Holdings Inc (MYCC.N), one of the largest owners and operators of private golf and country clubs in the United States, for $1.1 billion, Reuters reported.
2 min read · 10 July 2017
Brookfield Asset Management Inc has proposed buying out Renova Energia SA's controlling bloc as part of a sweetened bid to take over the debt-laden Brazilian renewable energy firm, sources told Reuters. Canada's Brookfield, which has made a number of high-profile infrastructure and energy acquisitions in Brazil over the past year, would pay Renova's controlling bloc about 810 million reais (US$247 million) for their stakes and pump about 800 million reais (US$242 million) worth of fresh capital into the company. One source said Brookfield's sweetened bid should trump a competing proposal by Oaktree Capital Management LP.
3 min read · 07 July 2017
Brookfield Asset Management Inc has extended a formal bid for control of Renova Energia SA the Brazilian renewable energy company's entire controlling bloc, sources told Reuters.
1 min read · 07 July 2017
Kind LLC has hired investment banks to advise on a minority stake sale it hopes will value the maker of the eponymous snack bars at more than $3 billion, including debt, sources told Reuters.
2 min read · 07 July 2017
Private equity groups Bain and Cinven are set to launch a revised bid for German drugmaker Stada (STAGn.DE), possibly next week, sources told Reuters.
2 min read · 07 July 2017
The energy unit of Warren Buffett's Berkshire Hathaway Inc is nearing a roughly $18 billion deal to acquire Oncor Electric Delivery Company LLC, sources told Reuters, three years after the utility's parent entered bankruptcy.
3 min read · 07 July 2017
Hillhouse Capital Group, an early investor in top Chinese technology firms including Tencent, Baidu and JD.com, plans to raise a new yuan-denominated fund and is currently pitching it to prospective investors, sources told Reuters.
2 min read · 07 July 2017
Janice Fukakusa, a former Royal Bank of Canada chief financial officer, was appointed by Ottawa as the first chairperson of Canada's new infrastructure bank, Reuters reported. The Liberal government announced last November it would set up the agency to facilitate private investment in such projects as new roads and bridges in order to supplement government investment with funding from investors such as pension and sovereign wealth funds. The creation of the new entity is part of a broader plan to invest $180 billion over 12 years in improving the country's infrastructure.
1 min read · 06 July 2017
Sears Canada Inc on Thursday sought court approval for its restructuring efforts, two weeks after the Canadian retailer filed for creditor protection, Reuters reported. The company said it also sought court approval for a sale and investment solicitation process. Sears Canada is controlled by U.S. hedge fund ESL Investments, which is led by Chairman and CEO Eddie Lampert.
1 min read · 06 July 2017
