Canada’s Carbon Engineering has exceeded its financing target which will enable it to deploy its first commercial operation to remove carbon dioxide directly from the air, Reuters reported. The company closed an equity financing round of US$68 million ($91 million), the largest private investment made into a direct air capture company to date. Investors in the technology now include U.S. billionaire philanthropist Bill Gates, Canadian billionaire Murray Edwards, Peter Thomson‘s Thomvest Asset Management, coking coal producer BHP, Chevron Technology Ventures, Occidental Petroleum Corp‘s Oxy Low Carbon Ventures as well as others.
Global investment powerhouse KKR & Co Inc is raising its first Asia-focused real estate fund, targeting $1.5 billion as it looks to deepen its real estate portfolio in the region, Reuters reported.
Glossier Inc, the online cosmetics company with a cult following among millennials, was valued at over $1 billion in a latest funding round led by Sequoia Capital, joining a clutch of billion-dollar makeup brands that are powered by the founders’ social-media popularity, Reuters reported.
U.S. buyout firm Bain Capital is likely to push back the IPO of Toshiba Memory by around two months, a person with knowledge of the matter said on Wednesday, moving to November what is likely to be one of Japan’s biggest listings this year, Reuters reported.
Inmarsat Plc has received a cash takeover offer from a private equity-led consortium, a deal that would value the British satellite company at about US$3.3 billion and take it private, Reuters reported. The consortium, which includes U.K.-based Apax Partners, U.S.-based Warburg Pincus and Canada Pension Plan Investment Board (CPPIB), offered US$7.21 per share on January 31 and the proposal remains under discussion, Inmarsat said. Ontario Teachers’ Pension Plan Board would also be supporting the proposal as part of the consortium. The group is required to make a formal offer by April 16, the FTSE 250 company said.
Australia’s Healthscope Ltd said this week the Foreign Investment Review Board had approved Canadian alternative investment firm Brookfield Asset Management’s takeover offer for the hospital operator along with associated property transactions, Reuters reported. After months of negotiations and counter bids from a rival consortium, Healthscope said last month it had entered a scheme of arrangement with Brookfield for a A$4.35 billion ($4.12 billion) takeover. The company’s shareholders will vote on the proposed offer at the scheme meeting expected in May or June.
U.S. energy infrastructure company Williams Cos Inc and Canada’s largest pension fund manager said they would form a US$3.8 billion joint venture that will hold pipeline assets in the Marcellus and Utica shale basins, the biggest gas producing region in the United States, Reuters reported. The assets include Williams’ 100 percent owned Ohio Valley Midstream system in the Marcellus shale basin and the Utica East Ohio Midstream system. Canada Pension Plan Investment Board will invest about US$1.34 billion for a 35 percent stake in the venture. Williams will hold the rest and operate the combined business.
Lyft Inc kicked off the investor road show for its initial public offering on Monday, targeting a valuation of up to $23 billion and seeking to woo money managers before larger ride-hailing rival Uber Technologies Inc goes public in April, Reuters reported.
India’s Hotel Leela Venture Ltd will sell four of its hotels and a property to a fund sponsored by Canada’s Brookfield Asset Management for 39.50 billion rupees (US$576.41 million), as part of its restructuring, Reuters reported, citing a statement. The company will sell four Leela hotels at Bengaluru, Chennai, Delhi and Udaipur and its property in Agra to Brookfield. The proceeds of the deal, which will also see the company’s owners transfer the “Leela” brand to Brookfield for all hospitality businesses, will be used to repay existing lenders of the company, Hotel Leela Venture said.
Italian payments firm Nexi began proceedings on Monday for an initial public offering on the Milan stock exchange, in what would be one of the biggest listings in Europe this year, Reuters reported.
U.S. fintech group Fidelity National Information Services Inc (FIS) has agreed to buy payment processor Worldpay for about $35 billion, in the biggest deal to date in the booming payments industry, Reuters reported.
Lee Fixel, a partner and head of the $13 billion private equity business at Tiger Global Management LLC, plans to leave the firm on June 30, according to a letter sent to clients on Thursday seen by Reuters.
Retailer Rent-A-Center Inc was within its rights to back out of a $1.36 billion merger deal with private equity firm Vintage Capital Management last year, a Delaware state court ruled Thursday.
Blackstone Group said on Friday it had agreed to buy Japanese drug maker Ayumi Pharmaceutical Corp, a deal one person said was worth around $1 billion.
Network International, the largest payment processing firm across the Middle East and Africa, plans to list on the London Stock Exchange, it said on Thursday.
Russia’s RDIF sovereign wealth fund said on Thursday it had completed a joint deal with the Russia-China Investment fund and a Middle Eastern sovereign wealth fund to acquire a 9.53 stake in Russian mining company Intergeo.
A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, sources told Reuters.
U.S. pipeline operator Equitrans Midstream Corp’s unit on Thursday signed a deal worth $1.03 billion to take control of two pipelines that connect the Marcellus and Utica shale basins, the nation’s biggest gas producing region, Reuters reported.