Dealmaking

CVC explores sale for Asian funeral group Nirvana: WSJ

Private equity firm CVC Capital Partners is planning to sell Asia’s largest funeral services provider, Nirvana Asia Ltd, in a deal that could be worth $1.5 billion to $2 billion, the Wall Street Journal reported on Wednesday, citing sources.

SoftBank telco suffers $9 billion slump on debut after record IPO: Reuters

SoftBank Corp (9434.T) shares sank 15 percent on debut, wiping $9 billion off their value, as investors sold off the telecoms operator after its record IPO on worries about a recent service outage and its exposure to Chinese telecoms gear maker Huawei., Reuters reported.

PE HUB Wire Highlights, 12.19.18

Neuberger settles with SEC over improper expenses in Dyal funds; Centerbridge to buy Civitas Solutions for $1.4 bln

PE HUB First Read

First Read begins the day with news that oil prices tank 35 percent from their record highs, FedEx stock tumbles after the company lowers its earnings guidance for 2019, and George Lucas is the wealthiest celebrity with $5.4 billion.

2018 in Europe: Brexit begins to bite

The UK is no longer the most active private equity market in Europe and some of the country's firms met a cool reception on the fundraising trail.

PE HUB Second Opinion

In Second Opinion, Elon Musk's SpaceX is raising $500 million in funding, the Trump Foundation agrees to dissolve and donate its remaining money to charity and actress/director Penny Marshall dies at 75.

U.S. Renal, backed by Leonard Green, Frazier Healthcare, explores sale

Nigeria's Access Bank to buy rival Diamond Bank to create Africa's biggest bank: Reuters

Nigeria’s Access Bank has agreed to takeover mid-tier rival Diamond Bank, the lenders said on Monday, in a deal both said would create Africa’s largest bank by customers.

Sweden's Cherry receives $1 billion takeover offer from Bridgepoint: Reuters

A consortium led by British private equity firm Bridgepoint has made a takeover offer of 9.19 billion Swedish crowns ($1 billion) in cash for Swedish gaming company Cherry AB (CHERb.ST), Cherry said on Tuesday.

Rent-A-Center terminates Vintage Capital buyout deal, shares fall: Reuters

Rent-A-Center Inc (RCII.O) said on Tuesday it terminated a deal to be acquired by Vintage Capital Management, as the buyout firm did not extend a deadline to close the transaction that is waiting for regulatory approval six months after being announced.