Dealmaking

BHP calls off $320 million deal to sell Chile's Cerro Colorado: Reuters

BHP (BHP.AX) BLT.L said on Wednesday a deal to sell its Cerro Colorado copper mine in Chile to private equity fund EMR Capital had been called off because of problems with financing.

PE HUB First Read

First Read begins the day with news that UK Prime Minister survives a confidence vote from her party, the Marriott data breach has been reportedly linked to Chinese hackers, and Apple is spending $1 billion on a new campus in Austin.

PE HUB Second Opinion

In Second Opinion, Credit Suisse ends restructuring with a plan to buy up to $3 billion shares in a buyback, California is considering charging residents with a tax on text messages and Trump's ex-fixer Michael Cohen gets three years in prison for his role in the hush money scandal.

Independent sponsors are hot — but LPs must be careful: panel

Vista Equity hires banks for Ping Identity IPO, say sources: Reuters

Buyout firm Vista Equity Partners has hired investment banks to prepare its identity software maker Ping Identity for an initial public offering that could value it at between $2 billion and $3 billion, including debt, sources told Reuters.

Warburg Pincus, Hande group to invest $1 billion in China joint venture: Reuters

Warburg Pincus and Hande Group will invest a total $1 billion in a new joint venture to pursue special situations investments in real estate projects in China, the companies said on Wednesday.

Greece's Famar restructures debt, gets Pillarstone investment: Reuters

Famar, a contract manufacturer to pharmaceutical industries, has completed a 174 million euro ($197 million) debt restructuring and secured new funds from private equity-backed Pillarstone to strengthen its capital position, Reuters reported.

China's Tencent Music raises nearly $1.1 billion in U.S. IPO: Reuters

China-based music streaming company Tencent Music Entertainment Group (TME.N) said it raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range.

PE HUB Wire Highlights, 12.12.18

Seeding group considers outside capital, BrightSpring’s marriage with KKR’s PharMerica said to command $1.3-bln-plus valuation

PE HUB First Read

First Read ushers in the day with news that Sonic Healthcare agreed to buy Florida-based Aurora Diagnostics for $540 mln, Uber reportedly picks Morgan Stanley to lead its IPO and Marriott data breach part of larger exploit by Chinese hackers.