Catherine Badour
Japanese asset management firm Rheos Capital Works said on Thursday that it had shelved plans for an 17.7 billion yen ($158.96 million) initial public offering (IPO) next week, saying it identified corporate governance matters that it needed to address, Reuters reported.
Abu Dhabi-based Al Jaber Group has agreed restructuring terms for 5.9 billion dirhams ($1.61 billion) in debt, sources told Reuters, potentially ending a long-running dispute with its creditors.
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 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.
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.
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 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.
Saudi Aramco and the Saudi Information Technology Company signed an agreement to set up a joint venture firm that will develop a platform to invest in high potential growth companies in the information, communication, and technology sector, Aramco said on Tuesday.
U.S-based private equity firm Carlyle Group LP (CG.O) is looking to double its stake in Indian housing finance company PNB Housing Finance Ltd (PNBH.NS), Bloomberg Quint reported on Tuesday, citing people familiar with the matter.
T-Mobile US Inc and Sprint Corp have won backing for their $26 billion merger from two national security reviews on Monday, clearing key hurdles in their tie-up bid, Reuters reported.