Catherine Badour
Australia’s Sirtex Medical (SRX.AX) has picked the highest bidder in a takeover battle for the liver cancer specialist, going with a $1.4 billion Chinese offer that trumped U.S. company Varian Medical Systems (VAR.N), Reuters reported.
China’s Lufax aims to raise up to $2 billion in fresh funding, valuing one of the country’s largest online wealth management platforms at $40 billion, as it opts for private investment ahead of a delayed listing, sources told Reuters.
Private equity firm BC Partners has bought Italy’s Forno d’Asolo in a deal that implies an enterprise value for the pastry company of around 300 million euros ($353 million), a source told Reuters.
A creditor of Dubai-based Abraaj has started legal proceedings in the Cayman Islands seeking the restructuring of the private equity firm’s liabilities, Reuters reported.
Australia’s Investa Office Fund (IOF) (IOF.AX) and Blackstone Group (BX.N) on Wednesday entered into a scheme implementation agreement through which the U.S. private equity giant would acquire real estate investment trust for A$3.08 billion ($2.3 billion), Reuters reported.
Buyout firm Vintage Capital Management on Tuesday sweetened its offer for Rent-A-Center Inc (RCII.O) to $14 per share in cash, a day after the retailer ended its sale process saying it had not received a satisfactory takeover offer, Reuters reported.
KKR (KKR.N) and Blackstone (BX.N) have been picked for a second round of bidding for Sportradar, as investor EQT looks to sell a minority stake that could value the Swiss sports data group at more than 2 billion euros ($2.4 billion), sources told Reuters.
U.S.-based investment firm Neuberger Berman LLC is close to acquiring a 25 percent stake in Brazilian college Uniasselvi for $100 million, a source told Reuters.
Pebblebrook Hotel Trust (PEB.N) said on Monday it raised its offer to acquire fellow U.S. hotel owner LaSalle Hotel Properties (LHO.N) to $37.80 per share, trumping a $33.50 per share offer from Blackstone Group LP (BX.N).
WeBuyAnyCar owner BCA Marketplace (BCA.L) said on Monday it had rejected a preliminary 1.6 billion pound ($2.15 billion) cash takeover offer from London-based private equity firm Apax Partners, Reuters reported.