A South Korean consortium backed by steelmaker POSCO is still interested in buying Australian steel company Arrium Ltd, an official at Newlake Alliance, which leads the consortium told Reuters on Wednesday.
1 min read · 05 July 2017
Private equity companies Advent and Permira are considering a fresh approach on German generic drugmaker Stada, WirschaftsWoche reported on Wednesday, citing financial sources.
1 min read · 05 July 2017
U.S. denim retailer True Religion Apparel Inc said on Wednesday it filed for bankruptcy protection and signed a restructuring agreement with a majority of its lenders, Reuters reported.
2 min read · 05 July 2017
U.S. private equity giant KKR & Co LP moved to bolster its presence in Australia's lucrative mortgage market on Wednesday, joining a rush of players hungry for a slice of a property boom even as the sector shows early signs of slowing, Reuters reported.
2 min read · 05 July 2017
Worldpay Group Plc (WPG.L), Britain's largest payment processor is "close to" recommending a takeover offer from U.S. credit card technology firm Vantiv Inc (VNTV.N), Sky News reported citing sources.
1 min read · 05 July 2017
Brookfield Asset Management placed a formal bid for control of Renova Energia SA, which would include 800 million reais (US$242 million) in fresh capital for the Brazilian renewable energy company, sources told Reuters. Under terms of the bid, a Brookfield-led group would buy the 16 percent stake that Light SA has in Renova at an equivalent of 9 reais per unit of Renova. The buyout would allow Light to exit Renova's controlling bloc, which is also formed by Cia Energética de Minas Gerais SA and RR Participações SA. The Brookfield-led group would then pour 800 million reais into Renova, effectively diluting RR and the utility known as Cemig, the sources said.
2 min read · 04 July 2017
French food group Danone (DANO.PA) has agreed to sell its U.S dairy business Stonyfield to Lactalis for $875 million, a move designed to address competition concerns stemming from its acquisition of U.S. organic food group WhiteWave, Reuters reported.
1 min read · 03 July 2017
Canada Pension Plan Investment Board said it would buy Houston-based real estate investment trust Parkway Inc for US$1.2 billion, its second significant U.S. investment this week, Reuters reported. Parkway, in which U.S. private equity firm TPG Capital has a 9.8 percent stake, said it owned 19 Houston office properties totaling about 8.7 million square feet. On Wednesday, CPPIB agreed to invest up to US$1 billion to buy oil and gas assets in the United States in a partnership with Encino Energy Ltd. The pension fund is most heavily invested in the United States, which accounts for about 39 percent of its $317 billion of assets.
2 min read · 30 June 2017
South Korea's largest chat app service provider Kakao Corp and TPG said on Friday a consortium led by the private equity firm agreed to invest 500 billion won ($436.88 million) in Kakao's new taxi-hailing service unit.
1 min read · 30 June 2017
Private equity group Riverstone Holdings and Miguel Galuccio, a former chief executive of Argentine state-owned oil company YPF, aim to raise $500 million in Mexico's first-ever stock market listing of a special purpose acquisition company, sources told Reuters.
1 min read · 30 June 2017
