Catherine Badour
Private equity firm CVC has chosen Barclays (BARC.L), Bank of America Merrill Lynch (BAC.N) and Credit Suisse (CSGN.S) to lead the initial public offering of warranty provider Domestic & General in London, sources told Reuters.
Amazon.com Inc (AMZN.O) and Indian private equity firm Samara Capital have bought Aditya Birla Group-owned ‘More’ retail chain for an enterprise value of 42 billion rupees ($580.35 million), CNBC TV18 reported on Wednesday, citing sources.
Chinese hotpot chain Haidilao (6862.HK) raised nearly $1 billion in its Hong Kong initial public offering (IPO) by pricing its shares at the top of an indicated range, sources told Reuters.
CapitaLand Ltd (CATL.SI), one of Singapore’s largest property developers, said on Tuesday it bought a portfolio of rental apartments in the United States for $835 million, marking its foray into the multifamily asset class.
The term loan financing backing private equity firm Blackstone’s purchase of a 55% stake in Refinitiv, Thomson Reuters’ (TRI.TO) Financial and Risk (F&R) division has been increased to $9.25bn from $8bn and the high-yield bonds have been reduced, Reuters reported.
Saudi Arabia’s Public Investment Fund said on Monday it had agreed to invest more than $1 billion in Silicon Valley-based Lucid Motors to produce electric vehicles.
First Reserve Management LP is seeking to raise $3 billion for a new buyout fund, making it the latest energy-focused private equity firm moving to capitalize on an oil price recovery that is fuelling new investor appetite for the sector, sources told Reuters.
Brazilian information technology provider Tivit Terceirização de Processos, Serviços e Tecnologia SA has hired banks to resume plans for an initial public offering, sources told Reuters.
The leading shareholders of Italy’s Trevi (TFI.MI) have decided not to accept a deal put forward by Bain Capital Credit to rescue the ailing engineering firm, a source told Reuters.
Exchange operator Nasdaq (NDAQ.O) said on Friday it planned to buy Swedish financial technology provider Cinnober (CINN.ST) in a deal valuing the business at around 1.7 billion crowns ($190 million).