Catherine Badour
Private equity firm Permira Funds said on Wednesday it would buy corporate finance adviser Duff & Phelps for $1.75 billion to tap the growing demand for advisory services as regulators push for improved corporate practices.
Imagination Technologies (IMG.L) shareholders approved a 550 million pound ($730 million) cash takeover by China-backed Canyon Bridge on Tuesday, a day after the buyout firm’s founder was charged by U.S. authorities with insider trading, Reuters reported.
Republicans in the U.S. House of Representatives will delay the release of long-awaited tax legislation by one day until Thursday, Reuters reported citing the head of the chamber’s tax-writing panel.
Imagination Technologies shareholders approved a 550 million pound ($730 million) cash takeover by China-backed Canyon Bridge on Tuesday, a day after the buyout firm’s founder was charged by U.S. authorities with insider trading, Reuters reported.
Ontario Teachers’ Pension Plan said on Tuesday it would sell its 30 percent stake each in Bristol and Birmingham airports to Australia’s New South Wales Treasury Corp and investment firm Sunsuper Superannuation Fund.
China’s CDH Investments and Hong Kong-based start-up SenseTime Group are raising about 3 billion yuan ($453 million) to invest in firms working on artificial intelligence (AI) technology, sources told Reuters.
The founder of a private equity firm with Chinese state backing has been charged with insider trading related to the attempted acquisition of Lattice Semiconductor Corp (LSCC.O), Reuters reported.
Britain’s Resolution Group, Swiss Re (SRENH.S) and private equity firm Cinven [CINV.UL] have expressed an interest in acquiring two large German life insurance portfolios owned by Ergo (MUVGn.DE) and Generali (GASI.MI), sources told Reuters.
Two Asian funds are nearing a deal to buy Pearson’s (PSON.L) English-language school business after trumping a rival bid from private equity firm MBK Partners, sources told Reuters.
The owners of Germany’s HSH Nordbank [HSH.UL] received binding offers from private equity groups Apollo (APO.N), Cerberus [CBS.UL] and J.C. Flowers by a deadline on Friday as part of its EU-enforced privatization, sources told Reuters.