Catherine Badour
African mobile phone mast firm Helios Towers on Thursday pulled its plans to list in London, with one banker saying the expected IPO price was too low for shareholders who had been valuing the firm at as much as 2 billion pounds ($2.8 billion), Reuters reported.
French private equity fund Apax Partners has clinched a deal to buy a majority stake in Italian consultancy Business Integration Partners (BIP) for more than 200 million euros ($248 million), a source told Reuters.
IHeartMedia Inc filed for Chapter 11 bankruptcy on Thursday as the largest U.S. radio station owner reached an in-principle agreement with creditors to restructure its overwhelming debt load, Reuters reported.
Bankrupt Toys ‘R’ Us Inc is preparing to sell or close all 885 stores in its U.S. chain, risking up to 33,000 jobs, after failing to reach a deal to restructure billions of dollars in debt, Reuters reported.
Industrial Property Trust Inc (IDDP.PK), a portfolio of U.S. industrial properties valued at around $3.3 billion, is exploring options, including a potential sale or equity recapitalization, Reuters reported.
French investment firm Tikehau Capital (TKOO.PA) has agreed to buy into the forthcoming flotation of DWS, the asset management company being listed on the stock market by Deutsche Bank (DBKGn.DE), Reuters reported.
Commodities merchant Noble Group (NOBG.SI) has finalized a restructuring agreement with a group of senior creditors holding 46 percent of its debt, and is in talks with others, as it races to launch a deal crucial to its survival, Reuters reported.
A lawyer for investors in Lynn Tilton’s distressed debt empire told a U.S. judge on Tuesday that his clients plan to challenge her plan to use a bankruptcy filing to end years of legal battles over her private equity portfolio, Reuters reported.
Warburg Pincus is investing more than $370 million in Vietnam Technological and Commercial Joint Stock Bank (Techcombank) IPO-VTC.HM, in what it said was the largest ever private equity investment to date in the Southeast Asian nation, Reuters reported.
Lloyd Blankfein could step down as Goldman Sachs Group Inc (GS.N) chief executive as soon as the end of the year, the Wall Street Journal reported on Friday, swiveling the focus to fierce competition between the two contenders to replace him.