Catherine Badour
London-based private equity firm HgCapital Trust Plc has agreed to sell electronic trading and connectivity solutions provider Ullink to Sweden’s Itiviti, a company backed by Nordic Capital, Reuters reported.
Japan’s SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, Reuters reported.
Education group Pearson (PSON.L) has agreed to the sale of its Wall Street English (WSE) business to Baring Private Equity Asia and CITIC Capital for around $300 million, although its proceeds from the deal will be just a third of that, Reuters reported.
SpringerNature, the publisher of science magazines Nature and Scientific American, has asked JP Morgan (JPM.N) and Morgan Stanley (MS.N) to organize a potential 4-5 billion euro stock market listing next year, sources told Reuters.
Cloud computing and data security company Barracuda Networks Inc (CUDA.N) said on Monday it would be bought by private equity firm Thoma Bravo LLC in an all-cash deal worth $1.6 billion.
Israel’s Kenon Holdings (KEN.N) (KEN.TA) said on Sunday it has agreed to sell IC Power’s Latin American and Caribbean businesses to infrastructure investment manager I Squared Capital for about $1.2 billion.
Relaxing or repealing US Leveraged Lending Guidelines could offer banks the opportunity to take back market share lost to shadow banks and direct lenders and open the door to more multi-billion dollar buyout loans, Reuters reported.
Deutsche Asset Management, the fund management arm of Deutsche Bank, has hired Mark McDonald from Credit Suisse Asset Management to be the firm’s global head of private equity secondaries, according to a memo seen by Reuters.
Spanish gaming hall operator Cirsa has hired investment bank Lazard to explore a possible market listing, a source told Reuters.
Chinese energy and investment group CEFC has teamed up with Czech-Slovak financial group Penta Investments to try and buy Time Warner’s TVX.N Central European Media Enterprises (CETV.O), sources told Reuters.