Catherine Badour
Global private equity group KKR & Co (KKR.N) is expanding its presence in Asia’s infrastructure sector with new hires and is looking at launching a new fund as project spending in the region picks up, Reuters reported.
Warburg Pincus LLC is seeking to raise $2.5 billion for its second energy-focused private equity fund, four years after its first $4 billion such fund, sources told Reuters.
Hong Kong-based investment firm PAG on Monday said it has closed its third Asia-focused buyout fund with $6 billion in committed capital, and expects to begin investing from the PAG Asia III as soon as this year.
QEP Resources Inc said on Monday it will sell its oil and gas assets in the Haynesville-Cotton Valley in northwest Louisiana to Aethon Energy Management LLC for $735 million, as it plans to become a pure-play Permian operator.
Industrial equipment maker Colfax Corp (CFX.N) said on Monday it would acquire DJO Global Inc from Blackstone Group (BX.N) for $3.15 billion in cash, as it diversifies into selling medical products such as shoulder implants and knee braces.
Buyout group Cerberus is in exclusive talks with NordLB to take on 2.5 billion euros ($2.8 billion) of non-performing shipping loans that the German public sector lender wants to shed ahead of a planned stake sale, sources told Reuters.
The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc (SNAP.N) for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday.
Johnson Controls International Plc (JCI.N) said on Tuesday it would sell its power solutions business, which makes car batteries, to investment firm Brookfield Business Partners L.P., in a cash deal valued at $13.2 billion.
Speech-recognition software provider Nuance Communications Inc (NUAN.O) is nearing a deal to sell its imaging division to Kofax, a company owned by private equity firm Thoma Bravo LLC, for about $500 million, sources told Reuters.
BGH Capital, an Australian private-equity firm run by three star dealmakers, was rebuffed on two billion-dollar deals on Monday, underscoring how companies are trying to squeeze out better offers in a market crammed with cash-rich investors.