Buyout firm Sycamore Partners has won the auction for the e-commerce business and intellectual property of bankrupt U.S. women’s apparel retailer The Limited with a bid of $26.8 million, sources told Reuters.
Creditas Soluções Financeiras Ltda, a Brazilian financial technology firm focused on secured consumer loans, has obtained $19 million from investors in a financing round that will allow it to provide borrowers with funds for one-fourth of what they pay to domestic lenders.
Private equity fund CVC Capital Partners [CVC.UL] has agreed to buy Zabka Polska SA, one of Poland’s biggest chains of convenience stores, from Mid Europa Partners, CVC said on Tuesday.
Fiber-based service provider Lumos Networks Corp (LMOS.O) said on Monday it agreed to be bought by investment firm EQT Infrastructure in an all-cash deal with an enterprise value of about $950 million.
Verizon Communications Inc (VZ.N), the No. 1 U.S. wireless carrier, said on Tuesday it agreed to buy the core internet business of Yahoo Inc (YHOO.O) for $4.48 billion, about $350 million less than the original price.
Paulo Castellari, who was named chief financial officer of Brazilian power utility Cia Energética de Minas Gerais SA (Cemig) only two months ago, is joining Mubadala Development Co PJSC, a source told Reuters.
Canadian energy company Veresen Inc said on Tuesday it would sell its power generation business, its largest division, for US$1.18 billion in three separate deals, Reuters reported. The sale, which is expected to close in Q2 2017, will also allow Veresen to strengthen its balance sheet, as well as focus on its pipeline and midstream businesses. Calgary-based Veresen owns 50 percent of a joint venture with U.S. private equity firm KKR & Co LP called Veresen Midstream.
Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance, Reuters reported.
strong>Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen Inc, Reuters reported.
The Bank of Portugal will hold a final round of exclusive negotiations with U.S. private equity firm Lone Star as it seeks to flesh out the terms of the potential sale of state-rescued lender Novo Banco, the central bank said on Monday.
British fashion retailer Reiss named former Next executive Christos Angelides as its new chief executive on Monday in a move aimed at allowing founder and chairman David Reiss to scale back his responsibilities.
U.S. food company Kraft Heinz Co (KHC.O) withdrew its proposal for a $143-billion merger with larger rival Unilever Plc (ULVR.L), the companies said on Sunday, raising questions about whether Kraft will turn its focus to another target.
Unilever (ULVR.L) rejected a surprise $143 billion takeover bid from U.S. food company Kraft Heinz Co (KHC.O) on Friday, saying it saw no reason to discuss a deal which it said had no financial or strategic merit.
Clothing firm Sunrise Brands LLC has bid for the e-commerce business and intellectual property of bankrupt U.S. retailer The Limited, challenging a $26.3 million offer from private equity firm Sycamore Partners, sources told Reuters.
German generic drugs company Stada (STAGn.DE) has received a new takeover approach which values it at 3.6 billion euros ($3.8 billion), raising the stakes in a three-way bidding war and pushing its shares to a new record, Reuters reported.
German generic drugs company Stada said on Thursday it had received another takeover approach, the third so far and at 58 euros per share, two euros up on rival suitor Cinven Partners‘ offer.
Norway’s $900-billion sovereign wealth fund, the world’s largest, should shift more of its investments into equities and away from bonds to counter the effects of ultra-low interest rates, the government said on Thursday.
Two of Russian food retailer Lenta‘s top shareholders may sell some of their holdings in the near future, banking sources told Reuters on Tuesday, capitalizing on early signs of economic recovery in Russia and higher oil prices.