Canadian lender Home Capital Group Inc (HCG.TO) said on Tuesday it would sell a portfolio of commercial mortgage assets valued at C$1.2 billion ($904 million) to private equity firm KingSett Capital.
2 min read · 20 June 2017
Nestle (NESN.S) has acquired a minority stake in U.S. healthy ready meals group Freshly, as the Swiss food giant seeks to hone its distribution network in a rapidly changing U.S. market, Reuters reported.
3 min read · 20 June 2017
Private equity firms have used buoyant debt markets to take almost $3 billion in special payouts from European portfolio companies so far this year, quadrupling the same period in 2016, Reuters reported.
3 min read · 20 June 2017
The U.S. Federal Trade Commission said on Monday it will seek to stop the merger of DraftKings and FanDuel, because the combined company would control more than 90 percent of the U.S. market for paid daily fantasy sports contests, Reuters reported.
3 min read · 20 June 2017
Private equity firm Pamplona Capital Management LLP is nearing a deal to acquire U.S. pharmaceutical research services provider Parexel International Corp for more than $4.5 billion, Reuters reported.
2 min read · 20 June 2017
Private equity fund CVC Capital Partners has picked advisers to sell its food firm Continental Foods in a deal that could be worth more than 1 billion euros ($1.12 billion), sources told Reuters.
2 min read · 19 June 2017
The California Public Employees' Retirement System, or CalPERS, plans to scrutinize its private equity investments at next month's board meeting with an eye toward reviewing the governance and transparency of the asset class, Reuters reported.
2 min read · 19 June 2017
U.S. activist investor Jonathan Litt on Monday called for Canada's Hudson's Bay Co to consider going private and to monetize its vast real estate holdings, sending shares in the owner of Saks Fifth Avenue up 13 percent, Reuters reported. Litt made the request to the board of directors in a letter which disclosed his investment firm Land & Buildings Investment Management LLC had acquired a 4.3 percent stake in Hudson's Bay. The company, also known as HBC, said in a statement that it was reviewing the letter from Litt, a former Citigroup real-estate analyst whose activist hedge funds focuses on the property sector.
3 min read · 19 June 2017
A group of investors led by U.S. private equity firm Apollo Global Management LLC and Ontario Teachers' Pension Plan will buy a majority stake in U.S. job portal CareerBuilder LLC, Reuters reported. CareerBuilder is owned by Tribune Media Co, TV station operator Tegna Inc and newspaper group McClatchy Co. These current owners will all retain a minority stake. Reuters previously reported that a potential CareerBuilder deal would value the business at more than US$500 million, including debt.
1 min read · 19 June 2017
Cambuhy Investimentos Ltda and GP Investments Ltd are among firms considering a bid for Brazil's Alpargatas SA (ALPA4.SA), the maker of Havaianas flip flops, whose controlling shareholders are already working on a sale, sources told Reuters.
2 min read · 19 June 2017
