Catherine Badour
Shareholder advisory firm Glass Lewis & Co has recommended that shareholders of hotel owner LaSalle Hotel Properties (LHO.N) oppose the buyout by private equity firm Blackstone Group LP (BX.N), in a victory for LaSalle’s unwelcome suitor Pebblebrook Hotel Trust (PEB.N), Reuters reported.
China Logistics Property Holdings (CNLP) (1589.HK), backed by e-commerce giant JD.com Inc (JD.O), plans to set up funds with industry players to co-invest in warehousing projects in a bid to ease capital pressure and double its domestic market share, Reuters reported.
The manager of Australia’s Investa Office Fund (IOF.AX) said on Wednesday that two funds affiliated to Blackstone Group (BX.N) raised their offer to buy the real estate investment trust, making the deal potentially worth A$3.20 billion ($2.34 billion) on a distribution adjusted basis.
China’s leading heavy machinery maker Sany Group [SANYG.UL] plans to spin off four business units and is looking to rope in private equity (PE) firms as investors for the deal that could fetch a total of $2 billion, sources told Reuters.
Private equity firm TPG Capital is considering investing in India’s Jet Airways Ltd (JET.NS) but is not close to finalizing a deal, sources told Reuters, a plan that could raise money for the beleaguered airline.
China Biologic Products Holdings Inc (CBPO.O) on Monday received a $3.9 billion all-cash offer from a consortium of investment firms led by the company’s former chief executive David Gao, Reuters reported.
Investment firms are exploring a buyout of Yum China Holdings Inc. (YUMC.N) in what could be one of Asia’s biggest M&A deals this year, sources close to the situation told Reuters.
U.S. private equity firm Blackstone Group LP (BX.N) is in talks to acquire a stake in the frequent-flier loyalty program of Jet Airways (India) Ltd (JET.NS), Bloomberg reported on Wednesday, citing people familiar with the matter.
Rail logistics group VTG (VT9G.DE) said on Tuesday that Morgan Stanley Infrastructure should sweeten its takeover offer but added the suitor had not shown any willingness to do so.
Buyout group Carlyle (CG.O) is starting preparations for a stock market listing of German speciality chemicals group Atotech, a former part of oil group Total (TOTF.PA) which could be valued at around $5 billion, sources told Reuters.