Staples Inc (SPLS.O) will announce its sale to private equity firm Sycamore Partners for $10.25 per share in cash on Wednesday, a source told Reuters.
1 min read · 28 June 2017
Canada Pension Plan Investment Board (CPPIB), the country's biggest public pension fund, plans to invest up to US$1 billion to buy oil and gas assets in the United States in a partnership with Encino Energy Ltd, Reuters reported. CPPIB said the partnership, Encino Acquisition Partners, would seek non-core assets being sold by global energy majors and would focus on basins already producing oil and gas. It is looking to buy assets being sold by large energy companies as they spend money on developing red-hot U.S. shale basins like the Permian and the so-called SCOOP and STACK plays in Oklahoma. CPPIB already holds close to $4.5 billion of assets in the energy sector, 80 percent of which are in Western Canada.
2 min read · 28 June 2017
Swedish digital health start-up KRY has raised 20 million euros ($22.67 million) from investors to fund further expansion in Europe, it said on Thursday.
1 min read · 28 June 2017
U.S. private equity group Blackstone Group LLP agreed to buy Singapore-listed and Japan-focused Croesus Retail Trust (CRT) for S$900.6 million ($650 million), part of an trend of buyouts of real estate investment trusts (REITs), Reuters reported.
1 min read · 28 June 2017
PizzaExpress owner Hony Capital, one of China's biggest private equity firms, said it aims to boost its global network of retail food outlets to more than 10,000 over the next decade from about 850 now in a bid to be a top world food and beverages player, Reuters reported.
2 min read · 28 June 2017
German media group ProSiebenSat.1 has sold its media-for-equity investment portfolio to U.S. private equity firm Lexington Partners for around 50 million euros ($57 million), Reuters reported.
1 min read · 28 June 2017
The field of prospective bidders for Japanese conglomerate Toshiba Corp's Swiss-based smart meter group Landis+Gyr has narrowed to two, banking sources told Reuters. The two, Goldman Sachs Group's private equity arm and Canada's Onex Corp, are undertaking due diligence checks, the sources said. A consortium of CVC Capital Partners and Hitachi Ltd had withdrawn its offer, as had Honeywell International Inc. Toshiba bought Landis+Gyr in 2011 for US$2.3 billion jointly with state-backed Innovation Network Corp of Japan, which holds 40 percent in the company.
2 min read · 27 June 2017
Billionaire Carl Icahn's investment firm, Icahn Enterprises LP (IEP.O), said on Monday it had entered an agreement with the former co-manager of its Sargon Portfolio, David Schechter, to fund his new private investment management business.
1 min read · 27 June 2017
Western Digital Corp said it and private equity firm KKR & Co LP had resubmitted a bid for Toshiba Corp's prized flash memory chip unit.
1 min read · 27 June 2017
Bain Capital and Cinven are speaking with investors - mainly with hedge funds - about the terms of a potential new offer for German generic drug maker Stada (STAGn.DE) after its first tender offer fell through, Reuters reported.
1 min read · 27 June 2017
