Catherine Badour
Blackstone Group LP (BX.N) said on Monday it would buy Gramercy Property Trust (GPT.N), which is an asset manager of commercial real estate, in a deal valued at $7.6 billion in cash.
US private equity firm Blackstone Group’s US$20bn acquisition of a majority stake in Thomson Reuters’ (TRI.TO) Financial and Risk (F&R) unit is expected to close in late summer as regulatory requirements make a targeted July 1 completion look increasingly unlikely, sources told Reuters.
Swiss technology group OC Oerlikon (OERL.S) is preparing to list its drive systems business by the middle of the year, aiming to raise cash for other parts of its business, sources told Reuters.
Vivo Energy PLC launched on the London Stock Exchange on Friday with a valuation of nearly 2 billion pounds ($2.7 billion), the largest London IPO so far this year and the largest Africa-focused IPO in more than a decade, Reuters reported.
Chinese private equity firm CDH Investments lobbed a last-minute $1.4 billion offer for Australian liver-cancer treatment firm Sirtex Medical (SRX.AX), trumping Varian Medical Systems (VAR.N) days before the U.S. firm was set to seal a takeover deal, Reuters reported.
Private equity-owned French building materials company Consolis is preparing for a stock market flotation in the European autumn as is hopes to take advantage of robust equities markets and a rebound of the French construction industry, sources told Reuters.
Private equity firm KKR & Co LP (KKR.N) said on Thursday it would convert from a partnership to a corporation in the wake of U.S. tax reform, a move that it hopes will expand its investor base at the expense of paying higher taxes.
Australian gas producer Santos Ltd (STO.AX) said on Thursday it expects to complete talks with suitor Harbour Energy within a few weeks, as the U.S. private equity-backed firm finalizes due diligence on its $10.4 billion takeover offer.
French property group Fonciere des Regions (FDR.PA) made its first foray into the British market on Thursday, in a deal to buy 14 upmarket hotels from Starwood Capital for 858 million pounds ($1.2 billion), Reuters reported.
Pillarstone has taken over Manucor after restructuring the Italian packaging firm’s debt, the debt managing platform set up by U.S. investment firm KKR said on Thursday.