European insurer Allianz has agreed to a joint venture with asset manager Greystar Real Estate Partners and Canada’s Public Sector Pension Investment Board (PSP Investments) to develop U.K. student housing, Reuters reported. Allianz said the equity value of the deal was about US$465.05 million. The deal sees Allianz take a stake in London-focused Chapter alongside existing investors Greystar and PSP Investments. The company aims to double the size of its portfolio to 10,000 student beds within five years.
Australia’s AMA Group (AMA.AX) said on Friday it has halted a deal to sell its vehicle panel repair arm to Blackstone Group (BX.N) for A$508 million ($375 million) following an unfavorable ruling from the Australian Taxation Office.
Danone Manifesto Ventures (DANO.PA), an investment fund set up by the French food giant to target start-up companies challenging the dominance of big brands, expects to have invested in 20-25 such firms by 2020, Reuters reported.
Brazil’s antitrust watchdog Cade on Friday approved buyout firm Advent International’s acquisition of Walmart Inc’s (WMT.N) Brazilian operations, and sought no additional asset sales, Reuters reported.
U.S. medical device maker electroCore Inc’s initial public offering is expected to price at $15 per share, Chief Executive Officer Frank Amato told Reuters on Thursday.
Activist investor Land & Buildings this week resumed its criticism of Canadian department store owner Hudson’s Bay Co, urging it to correct its under-performance and extract value from its substantial real estate holdings, Reuters reported. The hedge fund agreed in December to cease public statements about the company until its shareholder meeting on June 12. Now, Land & Buildings founder Jonathan Litt is again pushing HBC to boost its share price, which is below the value of its assets following a run of earnings disappointments, and to monetize its prime property assets.
Royal Dutch Shell announced the sale on Wednesday of oil and gas assets in Norway and Malaysia for over $1.3 billion, bringing it closer to a target of $30 billion in disposals by year-end.
Web.com Group Inc, a provider of internet domain name registration services, said on Thursday an affiliate of private equity firm Siris Capital would buy the company for about $2 billion in cash.
Indian online food delivery service provider Swiggy said on Thursday it raised another $210 million in its biggest ever funding, led by South African internet and entertainment group Naspers Ltd and Hong Kong-based internet investment group DST Global.
Canada’s Brookfield Asset Management launched a $685 million (US$515 million) bid for Australian retirement village owner Gateway Lifestyle Group this week, topping an earlier bid from Hometown America Corp and setting up a takeover tussle, Reuters reported. The North American pair are jostling for exposure to Australia’s wealthy and ageing population, as well as a real estate market that has until recently run strongly. Gateway shares hit their highest in a year in anticipation of a battle. Only Brookfield was granted due diligence.
Taiyo Nippon Sanso Corp (4091.T) and private equity firm Carlyle Group CG.N have emerged as frontrunners to buy assets that gases groups Linde (LIN1.DE) and Praxair (PX.N) need to divest to seal their planned merger, sources told Reuters.
Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday.
BHP said on Tuesday it has agreed to sell the Cerro Colorado copper mine in Chile to Australian private equity fund EMR Capital.
CrowdStrike said on Tuesday it has raised $200 million in its latest round of funding, putting the cloud-based cybersecurity company’s valuation at more than $3 billion.
Private equity firm KKR (KKR.N) is close to buying a stake in the telecom towers business of Altice (ATCA.AS), three sources told Reuters, a deal that will help the telecoms and cable group to pay down debt and reshape its European operations.
The Abu Dhabi Investment Authority (ADIA) said on Tuesday its private equity department would acquire a stake of up to 21.4 percent in Pension Insurance Corporation Group from funds advised by private equity firm J.C. Flowers & Co.
Private equity firm Veritas Capital will buy Cotiviti Holdings Inc (COTV.N) in a deal valued at $4.9 billion, the U.S. healthcare analytics company said on Tuesday.
Bain Capital Private Equity is nearing a deal to buy cheerleading uniform and equipment retailer Varsity Brands for $2.5 billion, CNBC reported on Tuesday, citing sources familiar with the matter.