Catherine Badour
After holding an interest in Hilton Worldwide Holdings Inc for nearly 11 years, private equity firm Blackstone Group LP has decided to exit the hotel chain operator by selling its about 5.8 percent stake, Reuters reported.
Warehouse club operator BJ’s Wholesale Club Holdings Inc has filed with U.S. regulators to return to the public market, undeterred by a downturn in the retail sector, Reuters reported.
Polyphor (POLN.S) has priced shares in its initial public offering (IPO) at 38 Swiss francs ($37.95) each, the biotech company said on Tuesday, confirming an earlier report by Reuters.
India’s Manipal Hospital and private equity firm TPG Capital Management on Monday sweetened their bid to buy Fortis Healthcare Ltd, just days after the Fortis board said it favored a rival offer to the dismay of many shareholders, Reuters reported.
Private equity group TPG has put British discount chain Poundworld up for sale after receiving expressions of interest, prompting it to put a planned restructuring of the group on hold, a source told Reuters.
IWG (IWG.L) shares surged as much as 24 percent after the British serviced office provider disclosed it had received takeover approaches from a trio of suitors, stoking speculation it could fetch a price of $4.4 billion in a bidding war, Reuters reported.
Private investment firm TPG has paid $47.5 million to acquire an unspecified stake in Kenyan digital payments firm Cellulant, which operates in 11 African markets, both firms said on Monday, Reuters reported.
Aurora Cannabis Inc will buy rival MedReleaf Corp for C$3.2 billion ($2.51 billion), the companies said on Monday, the biggest deal yet to unify major Canadian marijuana growers.
Virgin Mobile Middle East and Africa (VMMEA), part-owned by British entrepreneur Richard Branson’s Virgin Group, has raised $30 million via Islamic bonds ahead of a proposed initial public offering, Reuters reported.
SoftBank Group Corp (9984.T) and Saudi Arabia’s Public Investment Fund are in early talks with banks about potential funding for a multi-billion dollar solar power project planned in the kingdom, sources told Reuters.