Catherine Badour

Anglo-South African financial services firm Old Mutual (OML.L)’s UK wealth unit has chosen Goldman Sachs (GS.N), JP Morgan (JPM.N) and Bank of America Merrill Lynch (BAC.N) to lead its initial public offering (IPO) next year, sources told Reuters.

U.S. private equity firm Bain Capital has won enough shareholder support to complete its tender offer of Asatsu-DK Inc (ADK) (9747.T), allowing the Japanese advertising agency to end a bitter two-decade partnership with top shareholder WPP (WPP.L), Reuters reported.

Machine tool maker United Grinding Group (UGG) is planning a stock market listing in Zurich next year, as its owner is hoping to take advantage of high stock market valuations, sources told Reuters.

Buyout group Ardian has received binding bids for its stake in Fives, which may value the French engineering group at about 1.5 billion euros ($1.8 billion), sources told Reuters.

U.S. fund manager Federated Investors (FII.N) is considering a bid for Britain’s Hermes Investment Management, a source told Reuters.

Chinese private equity firm Hopu Investments is targeting raising up to $2.5 billion in a new dollar fund to capitalize on the country’s state sector reforms and its growing consumer industries, sources told Reuters.

British private equity firm Bridgepoint , which owns fastfood chain Pret a Manger, has raised 5.5 billion euros ($6.50 billion) for European investment, exceeding its 5 billion euro target, a source told Reuters.

Nestle (NESN.S) is paying $2.3 billion to buy Canadian vitamin maker Atrium Innovations, it said on Tuesday, expanding its presence in the consumer healthcare market as it seeks to offset weakness in its traditional packaged foods.

Canadian pension funds and private equity investors are lining up to buy German metering company Techem with a multi-billion euro sale expected to launch in early 2018, sources told Reuters.

Chinese consumer lending firm Lexinfintech will delay the pricing of its planned Nasdaq IPO to conduct more due diligence, a source told Reuters - a move that comes after Beijing issued new rules to tighten control of the micro-loan sector.