Private equity firms CVC and PAI Partners have agreed to jointly buy the remaining shares they did not already own in Spanish retailer Cortefiel, the company said in a statement on Friday, adding that the deal would help it reduce its debt.
An affiliate of buyout firm Carlyle (CG.O) will buy a 26 percent stake in each of two credit card joint ventures of State Bank of India (SBI.NS), the top Indian lender said on Friday.
Italy’s Benetton family is vying with motorbike firms and buyout funds for control of Italian motorcycle brand Ducati, which is being sold by Germany’s Volkswagen (VOWG_p.DE), sources told Reuters.
Canada’s Brookfield Asset Management is in talks with Odebrecht SA to buy seven Brazilian highways operated by the conglomerate’s transportation unit, sources told Reuters. Brookfield and Odebrecht signed an exclusivity agreement to negotiate the acquisition. Odebrecht has rights to operate 1,712 kilometres of seven different highways in five Brazilian states. One of the largest is the Rota das Bandeiras, in Sao Paulo, Brazil’s richest state. The source gave no details of the deal’s value.
Private equity firm Apollo Global Management LLC (APO.N) is preparing to take U.S. security company ADT Corp public at a $15 billion plus valuation, just over a year after buying it, sources told Reuters.
Private equity group Permira has bought a stake of at least 10 percent in payments firm Klarna, one of Europe’s most highly valued tech startups, the companies said on Friday.
Spanish builder ACS is discussing with various pension and infrastructure funds and private equity firms launching a potential counter-bid for Abertis, sources told Reuters.
Private equity firms Blackstone (BX.N) and CVC Capital Partners [CVC.UL] joined a rush to snap up payments companies on Friday with a 2.9 billion pound ($3.7 billion) bid for Paysafe Group, Reuters reported.
Mining giant Glencore Plc is working with a Canadian pension fund to create a standalone 50:50 joint venture for its portfolio of royalty assets, sources told Reuters. Reuters reported in May that Glencore had hired the Bank of Nova Scotia to sell its royalty assets, including one for the Antamina copper-zinc mine in Peru, which was expected to fetch up to US$250 million. It is now in talks to create a 50:50 venture for the assets with Ontario Teachers’ Pension Plan. A separate vehicle would help Glencore to secure supplies of copper, zinc and nickel for its trading unit. Both firms would also expand the portfolio by purchasing royalties from other miners’ operations, the sources said.
Four “portable” leveraged loans have hit the European leveraged loan market in recent weeks as private equity firms put pressure on banks to allow loans to stay in place when companies are sold, reducing the need for new financings.
Cyber-security startup StackRox said on Tuesday it has raised $14 million in a Series A funding round led by Sequoia Capital, providing the three-year old company with funds to use for product development and expansion of its sales team.
Canadian pension plan Ontario Municipal Employees Retirement System has been talking with major U.S. and Canadian private equity firms about selling land registry company Teranet in a deal that could fetch about $3 billion (US$2.4 billion), sources told Reuters.
Canadian pension plan Ontario Municipal Employees Retirement System has been talking with major U.S. and Canadian private equity firms about selling land registry company Teranet in a deal that could fetch about $3 billion, sources told Reuters. Carlyle Group and KKR & Co are among several buyout firms that have held discussions with Borealis Infrastructure Management, an investment division of OMERS that owns Teranet. In 2008, Borealis acquired then-publicly listed Teranet Income Fund for about $1.5 billion. Teranet Income Fund was spun off by the Ontario government in 2003.
Blackstone Group LP is seeking to raise up to $3 billion in its first Pan-Asia buyout fund for investments in sectors including high-end manufacturing and healthcare, sources told Reuters.
French payments specialist Ingenico (INGC.PA) is to buy Stockholm-based rival Bambora from Nordic Capital for 1.5 billion euros ($1.7 billion) in the latest deal in the sector, Reuters reported.
Buyout firm Blackstone Group LP (BX.N) on Thursday reported quarterly earnings that grew but was a touch lower than expected, as strong gains in real estate holdings were eroded by a pullback in credit investment performance, Reuters reported.
Buyout groups Bain Capital and Cinven launched their sweetened takeover offer for German generic drugmaker Stada (STAGn.DE) on Wednesday, giving shareholders until Aug. 16 to tender their shares, the companies said.
Three buyout funds are preparing binding offers for British online retailer Shop Direct, a business valued at up to 3 billion pounds ($3.90 billion) by its billionaire owners, twin brothers David and Frederick Barclay, sources told Reuters.