Western Digital Corp (WDC.O) said on Tuesday it will seek an injunction to block the sale of Toshiba Corp’s (6502.T) prized semiconductor business to a rival group, upping the ante in an acrimonious battle with its chip venture partner, Reuters reported.
U.S. private equity firm J.C. Flowers & Co LLC is seeking a buyer for a 20 percent stake in mid-sized Japanese lender Shinsei Bank (8303.T), the Financial Times reported on Tuesday, citing people with direct knowledge of the matter.
CVC Capital Partners [CVC.UL] and other private equity owners are exploring options for generic drugmaker Alvogen, including a sale, which could be valued at about $4 billion, Bloomberg reported on Tuesday.
A Latin American buyout industry group whose members control assets worth over $65 billion has tapped an industry veteran to take over as chairman, as it seeks to facilitate dealmaking across a region emerging from a lengthy downturn, Reuters reported.
German perfume and cosmetics retailer Douglas has appointed former Opel marketing boss Tina Mueller as its chief executive, replacing Isabelle Parize who is stepping down, Reuters reported.
The owners of German car parts retailer Stahlgruber have selected second-round bidders for the company as bankers prepare debt packages for a deal that could value it at more than 1.2 billion euros ($1.4 billion), sources told Reuters.
France’s Airbus SE is in talks to sell a part or all of Premium Aerotec, a subsidiary that makes large plane components, Reuters reported, citing a story by Die Welt newspaper. Airbus has held talks with one possible buyer, the Canadian private equity investor Onex Corp, the German paper said.
Premium Aerotec generates about 2 billion euros (US$2.39 billion) in revenue, according to its website. It specializes in large and complex aircraft components for Airbus, Boeing’s B787 Dreamliner, the Eurofighter Typhoon and military transporter A400M. In 2005, Boeing sold a similar business, later called Spirit Aerosystems, to Onex for about US$950 million.
Airbus SE (AIR.PA) is in talks to sell a part or all of Premium Aerotec, a subsidiary that makes large plane components, Die Welt newspaper reported on Saturday.
German industrial group Siemens is likely to decide this week to pursue a multi-billion dollar rail merger with French rival Alstom rather than Canada’s Bombardier, two sources familiar with the matter told Reuters. Siemens Mobility is expected to be merged into Alstom, in which Siemens would hold 50 percent-plus-one share, while the chief executive would be Alstom’s current boss Henri-Poupart Lafarge. The combined business would have sales of about 15 billion euros (US$18 billion). The decision would be a blow for planes-and-trains maker Bombardier, which faces a separate battle this week to protect aerospace jobs in Québec and Northern Ireland amid a subsidy row with Boeing. Caisse de dépôt et placement du Québec owns 30 percent of Bombardier’s rail business.
Canyon Bridge Capital Partners, the China-backed buyout fund that was barred last week by U.S. President Donald Trump from buying a U.S. chip maker, said it would purchase British chip designer Imagination Technologies Group Plc (IMG.L).
SAP (SAPG.DE), Europe’s biggest technology company, has agreed to buy U.S.-Israeli customer identity software company Gigya to strengthen its position in the booming market for online customer relationship marketing, the company said on Sunday.
Unilever (ULVR.L)(UNc.AS) has agreed to pay 2.27 billion euros ($2.71 billion) to buy fast-growing cosmetics company Carver Korea in its latest move to build a global beauty business, Reuters reported.
China’s Shandong Weigao Group Medical Polymer Co Ltd has agreed to acquire US-based and unlisted Argon Medical Devices Holdings Inc for $850 million, as part of its overseas expansion drive, Reuters reported.
Genuine Parts Co (GPC.N), a U.S.-based automotive replacement parts distributor, said on Monday it would buy European peer Alliance Automotive Group in a deal valued at about $2 billion, including debt.
KKR & Co LP has added a small sweetener to its bid for Australia’s Pepper Group, caving to a demand from the non-bank lender’s biggest shareholder and bringing the deal value to A$682 million ($543 million), Reuters reported.
Payments firm Nets on Monday welcomed a 33.1 billion Danish crown ($5.3 billion) bid from U.S. firm Hellman & Friedman, marking what could be one of the largest European private equity takeovers in recent years, Reuters reported.
CareCentrix Inc, a U.S. benefits manager majority owned by private equity firm Summit Partners, is exploring a sale that could value it at around $1 billion, including debt, people familiar with the matter said on Friday.
SBI Life Insurance Co Ltd’s initial public offering to raise 84 billion rupees (US$1.3 billion), India’s biggest IPO in seven years, was subscribed more than 3.5 times on the closing day, strengthening the outlook for share sales in what is expected to be a record year, Reuters reported. SBI Life, which will be the second life insurance company to list, saw bids for about 29.5 million shares, compared to the 8.8 million shares on offer, stock exchange data showed. Anchor investors, including Canada Pension Plan Investment Board and Singapore state investor GIC, have already committed to subscribe to 22.26 billion rupees worth of shares.