South Korean food giant CJ CheilJedang Corp said on Thursday that U.S. private equity fund Bain Capital had agreed to acquire a 27% stake its U.S. unit CJ Foods America for $320 million.
Delek Group signed a binding agreement for the sale of 32.5% of insurer Phoenix Holdings for 1.72 billion shekels ($476 million) to private equity firms Centerbridge Partners and Gallatin Point Capital, Reuters reported.
French reinsurer SCOR said it had agreed to buy 100% of Coriolis Capital, an asset manager specialized in insurance-linked securities, for an undisclosed amount.
Thomas Cook has received a takeover approach for its Nordic operations from private equity group Triton, Sky News reported on Thursday.
German insurer and asset manager Allianz Group has led a $100 million (US$74.5 million) capital raise for Canadian financial technology company Wealthsimple, Reuters reported. Wealthsimple, the online investing service and commission-free trading app which manages around $4.5 billion for more than 150,000 clients in Canada, Britain and the United States, said it would use the cash to boost growth across all three markets. Allianz invested in the Toronto-based company through its digital arm, Allianz X, alongside long-standing Wealthsimple backer Power Financial, although the precise level of investment was not disclosed.
U.S. payments technology firm Nuvei Corp said it would buy SafeCharge International Group Ltd in an all-cash deal valued at $889 million to expand in the fast-growing electronic payments industry.
Canadian payments technology company Nuvei Corp said it would buy Britain’s SafeCharge International Group Ltd in an all-cash deal valued at US$889 million ($1.2 billion) to expand in the fast-growing electronic payments industry, Reuters reported. The deal comes as the industry is going through an aggressive consolidation and follows a US$35 billion deal by Fidelity National Information Services Inc (FIS) to buy Worldpay Inc earlier this year. Formerly Pivotal Payments, Montréal-based company Nuvei is backed by Canadian private equity firm Novacap and Caisse de dépôt et placement du Québec (CDPQ). Novacap and CDPQ invested in 2017 in a deal that valued the business at about $525 million.
Money transfer startup TransferWise has closed a $292 million secondary funding round which doubles its valuation to $3.5 billion, the company said on Wednesday.
British sandwich and coffee shop chain Pret A Manger said on Wednesday it had acquired smaller rival EAT, looking to capitalize the thriving vegan and vegetarian market, Reuters reported.
U.S.-Israeli cybersecurity provider Siemplify has raised US$30 million in private funding, bringing its total raised to date to US$58 million, Reuters reported. The funding round was led by Toronto-based Georgian Partners, who was joined by the company’s existing investors G20 Ventures, 83North and Jump Capital. The funds will be used to drive the expansion of Siemplify’s market strategy and enhance its product, which enables the management of various cybersecurity tools through one platform. Siemplify, which is headquartered in New York with offices in Tel Aviv, said it had 250 percent growth in annual recurring revenue in Q1 2019.
U.S. drugmaker Merck & Co Inc on Tuesday agreed to buy Peloton Therapeutics Inc for $1.05 billion in cash, gaining access to the privately held company’s lead kidney cancer drug candidate, Reuters reported.
Private equity firms such as Blackstone Group, Brookfield Asset Management, Mirae Asset Management and SoftBank-owned Fortress Investment Group have put in bids of up to US$5.8 billion for Anbang Insurance’s portfolio of U.S. luxury hotels business, Reuters reported, citing a Financial Times story. Seventeen potential buyers have submitted their bids to Chinese authorities unwinding Anbang, which was placed under regulatory control last year. The insurer’s holdings include office buildings Bentall Center in Vancouver and 70 York Street in Toronto.
Japan’s Toshiba, Siemens unit Gamesa and buyout groups such as Blackstone are interested in buying insolvent German wind turbine maker Senvion, German Manager Magazine said on Tuesday, citing sources close to talks.
Guardicore, a maker of data center and cloud security products, said on Tuesday it raised $60 million in a private funding round, bringing the company’s total funds raised to $110 million.
Canada Pension Plan Investment Board (CPPIB) said it had paid about US$1.3 billion for a part of British charity LifeArc’s royalty interest from the sale of Merck & Co Inc’s blockbuster cancer immunotherapy, Keytruda, Reuters reported. Canada’s largest pension fund said the deal was an ideal investment for its global intellectual property program as Keytruda, an immunotherapy treatment for different cancer types, has shown strong sales growth worldwide. Keytruda is approved for use in 85 countries and the drug is expected to bring more than US$10 billion for Merck this year.
Carlyle in talks with pipeline firms to sell 25% stake in U.S. oil export project, says source: Reuters
Carlyle Group LP is in discussions with three companies that operate pipelines and terminals to sell a 25% stake in its Corpus Christi, Texas, crude oil export terminal for $625 million, a source told Reuters.
Bahrain-based alternative investment manager Investcorp has mandated Citi and JPMorgan to coordinate the refinancing of a $400 million loan, Reuters reported.
Goldman Sachs is in talks to buy B&B Hotels from private equity firm PAI Partners, the companies said on Monday, in a deal which an earlier report from the Financial Times said could be worth 1.9 billion euros ($2.1 billion).