Catherine Badour
The sovereign wealth fund of Norway bought a 245 million pounds ($342 million) stake in British property group Shaftesbury from Invesco, regulatory filings showed on Thursday.
Details of the $13.5 billion loan and bond financing backing U.S. private equity firm Blackstone Group’s (BX.N) acquisition of a majority stake in Thomson Reuters’ Financial and Risk (F&R) unit (TRI.TO) are emerging, sources told Reuters.
A HNA Group unit said it has pledged about 41 percent of the company as collateral for a loan from a Hong Kong private equity firm, part of a slew of fundraising efforts by the Chinese conglomerate to address a liquidity crunch.
Xerox Corp shareholders Carl Icahn and Darwin Deason said on Tuesday the U.S. company should seek to sell itself to one of its rivals or a private equity firm.
Deutsche Bank (DBKGn.DE) plans an initial public offering of its asset-management arm, DWS, on Monday next week, following on the heels of Siemens’ (SIEGn.DE) blockbuster Healthineers listing, sources told Reuters.
The world’s biggest asset manager BlackRock Inc (BLK.N) upgraded its view on U.S. stocks, citing very strong earnings momentum, while cutting European stocks to neutral, Reuters reported.
ProSiebenSat.1 Media SE (PSMGn.DE) is in exclusive talks with private equity firm General Atlantic over the sale of a minority stake in its digital unit, a source told Reuters.
US greeting card and stationer American Greetings’ leveraged buyout by private firm Clayton, Dubilier & Rice (CD&R) will be backed by a roughly $370 million institutional term loan, sources told Reuters.
The financing backing US private equity firm Blackstone Group’s (BX.N) acquisition of a majority stake in Thomson Reuters’ Financial and Risk (F&R) unit (TRI.TO) totals more than $15 billion, banking sources told Reuters.
A consortium of infrastructure funds at Goldman Sachs (GS.N) and Macquarie (MQG.AX) is seen as the front runner in the sale of European bulk port terminal operator HES International, worth around 2 billion euros ($2.5 billion), industry sources told Reuters.