Catherine Badour
Three banks have been mandated on a 339 million euro equivalent leveraged loan financing backing the acquisition of French calibration services provider Trescal, banking sources said.
British business-to-business information company Euromoney (ERM.L) has agreed to sell its Global Markets Intelligence Division (GMID) to a Chinese consortium of CITIC Capital Partners and leading business news outlet Caixin for $180.5 million, it said on Monday.
U.S. defense contractor General Dynamics Corp (GD.N) said on Monday it would buy smaller rival CSRA Inc (CSRA.N) for about $6.8 billion to expand its information technology unit, which provides services to the U.S. Department of Defense.
Remington Outdoor Company Inc, one of the largest U.S. makers of firearms, has reached out to banks and credit investment funds in search of financing that will allow it to file for bankruptcy, sources told Reuters.
Global Infrastructure Partners (GIP) has raised its offer for Italian railway group Italo to around 2 billion euros ($2.45 billion), a source told Reuters.
BlackRock Inc (BLK.N) plans to raise about $10 billion as part of a new business that would take direct stakes in companies, Reuters is reporting.
Perry Ellis International Inc’s (PERY.O) former chairman, George Feldenkreis, on Wednesday offered to buy the clothing company for $430 million with a plan to take the company private, Reuters reported.
Turkish fast-food chain operator TFI Tab Food Investments postponed its planned $220 million initial public offering in New York on Tuesday, as the recent stock market volatility makes such stock market flotations challenging, Reuters reported.
Private equity firm Carlyle Group LP (CG.O) said on Wednesday its fourth-quarter after-tax economic net income surged to $347.2 million from $6.4 million a year ago, as the value of its holdings was buoyed by the wider stock market rally, Reuters reported.
The venture capital arm of China’s largest insurer, Ping An (601318.SS), is targeting raising up to $1.3 billion in two healthcare-focused funds that will seek growth-stage and pre-IPO investments, Reuters reported.