Catherine Badour
Sequoia Capital, an early investor in global tech behemoths like Google Inc and Apple Inc, aims to raise up to $8 billion in its largest-ever fundraising and has set sights on Chinese investors, people familiar with the plan told Reuters.
U.S. private equity firm Blackstone Group LP catapulted itself into the major leagues of Wall Street’s financial information industry on Tuesday with the acquisition of a majority stake in the Financial and Risk business of Thomson Reuters Corp, Reuters reported.
U.S. private equity firm Blackstone Group LP is in advanced talks to buy an approximate 55 percent stake in the Financial and Risk business of Thomson Reuters Corp, a deal that would value the unit at about $20 billion including debt, Reuters reported.
Sky Bet’s majority owner CVC has hired investment bank Rothschild to examine a stock market listing of the British firm, seeking to take advantage of booming equity markets and the growing popularity of online gambling, Reuters reported.
A group of Steinhoff creditors have appointed financial adviser PJT Partners and law firm Latham Watkins to represent them in any potential debt restructuring, PJT said.
European information and analytics provider Relx has agreed to pay 580 million pounds ($819 million) in cash to buy ThreatMetrix, which analyses over 100 million transactions per day to hunt for cases of fraud, Reuters reported.
Private equity firm Leonard Green & Partners LP is nearing a deal to acquire U.S. packaging company Pro Mach Group Inc from buyout firm AEA Investors LP for more than $2.2 billion, including debt, Reuters reported.
Alibaba Group Holding Ltd and Foxconn Technology Co Ltd have led a 2.2 billion yuan ($347.74 million) funding round in Chinese electric car maker Xiaopeng Motors as competition escalates in the new energy vehicle (NEV) market, Reuters reported.
Google has made its first ride-hailing investment in Asia by pumping money into Go-Jek, as the Indonesian start-up and deep-pocketed rivals rapidly expand their app-based services and digital payments in Southeast Asia, Reuters reported.
Remington Outdoor Company Inc, one of the largest U.S. makers of firearms, is working with investment bank Lazard Ltd (LAZ.N) on options to restructure its $950 million debt pile, sources told Reuters.