A Chinese travel website backed by Singaporean state investor Temasek Holdings [TEM.UL] hopes to raise up to $300 million in a new funding round that it hopes to value the firm at $2 billion to $2.5 billion, sources told Reuters.
At least three consortiums have been formed to launch multi-billion-euro bids for a stake in the operator of Paris Charles de Gaulle and Orly airports, sources told Reuters. The French state’s 50.6 percent stake in airports group Aéroports de Paris is likely to go on the block next year in a deal that could be worth up to 10 billion euros (US$11.4 billion). Sources said the lead players of the consortiums include French group Vinci. Vinci approached Canada Pension Plan Investment Board, Ontario Municipal Employees Retirement System, Ontario Teachers’ Pension Plan and other pension funds to become bid partners, Reuters reported in June.
Investment firms are exploring a buyout of Yum China Holdings Inc. (YUMC.N) in what could be one of Asia’s biggest M&A deals this year, sources close to the situation told Reuters.
Brazilian asset management firm Pátria Investimentos is considering a bid for power generation company Companhia Energética de São Paulo (CESP6.SA), known as Cesp, a source told Reuters.
U.S. private equity firm Blackstone Group LP (BX.N) is in talks to acquire a stake in the frequent-flier loyalty program of Jet Airways (India) Ltd (JET.NS), Bloomberg reported on Wednesday, citing people familiar with the matter.
Chinese electric vehicle start-up NIO on Monday filed for a $1.8 billion initial public offering of its American depositary shares, the biggest U.S. listing by a Chinese automaker, Reuters reported.
Anglo-American biotech company Orchard Therapeutics has raised a further $150 million to fund its work in gene therapy, building on earlier fundraisings worth more than $140 million, Reuters reported.
Rail logistics group VTG (VT9G.DE) said on Tuesday that Morgan Stanley Infrastructure should sweeten its takeover offer but added the suitor had not shown any willingness to do so.
Buyout group Carlyle (CG.O) is starting preparations for a stock market listing of German speciality chemicals group Atotech, a former part of oil group Total (TOTF.PA) which could be valued at around $5 billion, sources told Reuters.
Private equity firm Bain Capital has agreed to buy esure (ESUR.L) for 1.21 billion pounds ($1.55 billion), in a deal that gives investors in the British insurer a 37 percent premium on the share price at the end of last week, Reuters reported.
Tesla Inc (TSLA.O) Chief Executive Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc (GS.N) as financial advisers on his plan to take the U.S. electric car maker private, Reuters reported.
Spanish travel technology firm Amadeus IT Group (AMA.MC) has agreed to buy U.S.-based TravelClick for $1.52 billion from private equity firm Thoma Bravo, Amadeus said on Friday.
(Reuters) – Australia’s Capilano Honey Ltd (CZZ.AX) said on Monday a consortium of China-focused Wattle Hill RHC Fund and Roc Partners agreed to buy the company for A$189.8 million ($138 million).
Investment firm KKR & Co (KKR.N) plans to list a bulk of its operations in India on the local stock exchange, the Financial Times reported on Monday, citing four people involved in the matter.
Britain’s esure (ESUR.L) is in advanced talks over a possible 1.17 billion pound ($1.49 billion) bid from Bain Capital Private Equity, the insurance company said on Monday, sending its shares more than 30 percent higher, Reuters reported.
Private equity firm KKR & Co (KKR.N) said it will acquire a 60 percent stake in India’s Ramky Enviro Engineers Ltd (REEL) for $530 million, adding it was one of India’s largest buyouts, Reuters reported.
SIG Combibloc is on track to announce in September its intention to float on the stock market in Zurich, two sources told Reuters, in a listing that could value the Swiss packaging maker at about 4.5 billion euros (US$5.2 billion). Goldman Sachs, Credit Suisse and Bank of America are global coordinators for the listing. SIG, which makes cartons for beverages and food, is owned by Canadian private equity firm Onex Corp. Onex acquired the company in 2015 for 3.75 billion euros.
Online furniture retailer Westwing, backed by German ecommerce investor Rocket Internet, is reviving plans for a Frankfurt stock market listing which may come in late 2018, sources told Reuters.