Catherine Badour
Tencent Music Entertainment launched its hotly-anticipated U.S. initial public offering (IPO) of up to $1.2 billion on Monday after global stock markets were boosted by a truce brokered by U.S. and Chinese leaders in their trade conflict, Reuters reported.
Nexstar Media Group Inc has reached an agreement to acquire Tribune Media Co for about $4.1 billion, a deal which would make it the largest local U.S. TV station operator, Reuters reported.
Fosun International (0656.HK) is looking to raise up to $548 million with the IPO of its Club Med holiday business in Hong Kong, as it seeks funds to grow its business in China betting on a rise in tourism from the world’s second-largest economy.
Gulf Navigation Holding, Tristar Group, Hineni Capital and BT Investment are among bidders for Dubai-based marine services firm Stanford Marine Group (SMG), sources told Reuters.
Telecoms and cable group Altice Europe on Friday said its French unit had agreed to sell a 49.99 percent stake in its SFR FTTH fibre optic business to three investment funds for 1.8 billion euros ($2.05 billion).
U.S.-based private equity fund Indigo Partners said it has agreed to invest in low-cost carrier WOW air after Icelandair (ICEAIR.IC) scrapped its plan to buy the privately-held airline, Reuters reported.
Goldman Sachs (GS.N) and Morgan Stanley (MS.N) are expected to lead preparations for the planned IPO of Swedish buyout firm EQT, two sources told Reuters, after the company earlier this month invited banks to bid for the mandate.
WhiteWater Midstream LLC is exploring a sale that its private equity owners hope will value the U.S. oil and gas pipeline operator at more than $2 billion, including debt, sources told Reuters.
German public sector bank NordLB has received four binding bids from private equity groups for a stake in the bank, a source close to the matter said.
Private equity fund Lone Star has hired Deutsche Bank to explore a potential sale of its Italian vending and coffee machine maker Evoca, which includes iconic brand Gaggia, Evoca CEO Andrea Zocchi told Reuters on Wednesday.