Catherine Badour
Private equity firms including CVC Capital Partners are eyeing bids for Daisy Group in an auction that could value the British telecoms business at about 1 billion pounds ($1.41 billion), banking sources told Reuters.
3i Group Plc (III.L) has sold ferry operator Scandlines to infrastructure funds First State Investments and Hermes Investment Management and bought back a 35 percent stake, the London-listed private equity group said on Monday.
Japan’s SoftBank Group Corp (9984.T) is looking to invest $1 billion in Chinese delivery firm Manbang Group, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Remington Outdoor Co Inc [FREDM.UL], one of the largest U.S. makers of firearms, filed for bankruptcy protection on Sunday to carry out a debt-cutting deal with creditors amid mounting public pressure for greater gun control, Reuters reported.
Department store operator Target Corp (TGT.N) and grocery chain Kroger Co (KR.N) are in talks about a possible merger, tech focused magazine Fast Company reported on Friday, citing people with knowledge of the matter.
French private investment company Ardian has hired Rothschild (ROTH.PA) to sell its 49 percent stake in Britain’s fifth-biggest airport, Luton, banking sources told Reuters.
Warburg Pincus is finding new investment targets in the consumer, banking and logistics sectors of Vietnam as its economy grows and capital markets develop, said the regional head of the private equity firm which has committed over $1 billion in Vietnam, Reuters reported.
U.S. private equity firm Starwood Capital Group announced bids on Thursday to acquire a quarter of Austrian property company CA Immo and a smaller stake in its rival Immofinanz, sending shares in both higher, Reuters reported.
Apollo Global Management LLC Chief Executive Leon Black on Wednesday downplayed the possibility that his private equity firm would follow peer Ares Management LP in converting from a publicly listed partnership into a corporation, Reuters reported.
China’s SZ DJI Technology Co Ltd, the world’s largest maker of non-military drones, is in talks with investors for at least $500 million in funding ahead of a planned stock market debut, Reuters reported.