U.S. apparel retailer J. Crew Group Inc is taking steps to negotiate with its creditors about cutting the value of its approximately $2 billion debt load, as its struggles with falling sales, sources told Reuters.
Buyout fund Blackstone is hiring banks to prepare for an initial public offering (IPO) of its warehouse firm Logicor, several people with knowledge of the situation said.
Fixed annuity service provider Athene Holding Ltd (ATH.N) said its initial public offering of 27 million class A shares raised $1.1 billion after the offering was priced in the mid-point of its expected range, valuing the company at about $7.55 billion.
Chinese photo app and mobile phone maker Meitu Inc is set to raise $630 million after pricing its Hong Kong initial public offering at the bottom of expectations, a source told Reuters.
Belgian chemicals group Solvay (SOLB.BR) said on Wednesday it had agreed to sell its Acetow unit, which makes material used in cigarette filters, to private equity group Blackstone (BX.N) for 1 billion euros ($1.07 billion), including debt.
Telekom Austria Group (TELA.VI) said on Thursday it had agreed to buy a controlling stake in Croatian communications and computing group Metronet Telekomunikacije, which last year generated revenues of around 28 million euros ($30.2 million).
Britain’s National Grid has sold a majority stake in its gas network in a 5.4 billion pound ($7 billion) deal which could test Prime Minister Theresa May’s pledge to vet infrastructure sales to foreign buyers, Reuters reported.
Pemberton, the asset management group backed by Legal and General, has hired Robin Challis as a portfolio manager, the company announced.
EQT has bought a majority of a joint venture that will own most of Getec Energie, a German decentralized energy producer, as the private equity group continues its investments in infrastructure assets, Reuters reported.
Office supplies retailer Staples Inc said it would sell a controlling interest in its European business to an affiliate of private equity firm Cerberus Capital Management LP, Reuters reported.
GoDaddy Inc (GDDY.N), a U.S.-based website domain name provider, said on Tuesday that it would buy peer Host Europe Group (HEG) for 1.69 billion euros ($1.82 billion), including debt, as it seeks to expand beyond the initial set-up of websites.
German perfume and cosmetics retailer Douglas has closed its 11 stores in Turkey because its market share is too small and unlikely to grow, a spokeswoman said on Monday.
Buyout firm Electra Partners has renamed itself Epiris, aiming to forge a new future after being sacked as the portfolio manager for Electra Private Equity (ELTA.L) earlier this year, Reuters reported.
UniCredit (CRDI.MI), Italy’s biggest bank by assets, has started exclusive talks with France’s Amundi (AMUN.PA) to sell its asset management arm Pioneer Investments as it strives to boost its capital base, Reuters reported.
Private equity group PAI Partners expects to receive bids for its French lab testing chain Cerba on Dec. 8 in a deal that could be worth as much as 1.8 billion euros ($1.92 billion), sources told Reuters.
SK Holdings Co (034730.KS) said it submitted a non-binding bid to buy South Korea’s second-biggest producer of industrial gases that has been put up for sale by Goldman Sachs (GS.N) and others, in a deal a source said could be valued at around $2 billion.
China National Chemical Corp (ChemChina) is setting up a fund that will aim to raise $5 billion to help finance its purchase of Swiss seeds group Syngenta (SYNN.S), sources told Thomson Reuters publication Basis Point.
Invitation Homes LP, the U.S. rental homes manager owned by private equity firm Blackstone Group LP, has confidentially filed for an initial public offering (IPO) that could come as soon as January and raise as much as $1.5 billion, a source told Reuters.