China’s Ping An Insurance Group has raised nearly $1 billion for a medical data collection and analysis business ahead of a Hong Kong IPO, sources told Reuters, in what would be the second healthcare unit it plans to bring to market.
U.S. security company ADT Corp (ADT.N), owned by private equity firm Apollo Global Management LLC (APO.N), said on Thursday its initial public offering (IPO) was priced well below its expected range, signaling investors are being picky about new offerings.
Brazilian credit card processing firm Stone Pagamentos SA is planning its initial public offering in New York by the second half of the year, sources told Reuters, to raise funds to compete with larger rivals Cielo SA (CIEL3.SA) and the Rede division of Itaú Unibanco Holding SA (ITUB4.SA).
Google, Temasek investing in Indonesia’s Go-Jek as ride-hailing rivalry deepens, say sources: Reuters
Google, Singapore investor Temasek and China’s Meituan-Dianping are investing in Go-Jek as part of a $1.2 billion fundraising round, bolstering the Indonesian ride-hailing firm in its battle with deep-pocketed rivals Grab and Uber, sources said.
German online furniture retailer Home24, in which Rocket Internet (RKET.DE) is a major investor, is preparing a stock market listing in early summer, Manager Magazin reported on Thursday, citing unidentified company insiders.
Westinghouse Electric Co LLC, Toshiba Corp’s nuclear services business, has made an agreement with its creditors that will clear the company’s path out of bankruptcy, sources told Reuters. The deal will divvy up cash from the US$4.6 billion ($5.7 billion) proposed sale of Westinghouse to Brookfield Business Partners, an affiliate of Canada’s Brookfield Asset Management. As part of the agreement, Toshiba will sell its claims to a group of hedge funds led by the Baupost Group, making the group the biggest creditor in the case, the sources said. The claims sale helps avoid fights among creditors that threatened to slow down the case. Toshiba subsequently confirmed that it had struck a deal with the Baupost-led consortium.
Hudson River Trading LLC has agreed to buy Sun Trading parent Sun Holdings LLC, it said on Tuesday, the latest takeover in a shrinking high frequency trading industry beset by low market volatility and rising costs, Reuters reported.
U.S. private equity firm Carlyle Group (CG.O) is considering an initial public offering (IPO) of its minority holding in Turkish lingerie and swimsuit retailer Penti, three people familiar with the matter told Reuters
Swiss airline Belair, formerly part of collapsed low-cost carrier Air Berlin (AB1.DE), has been taken over by German investment company SBC, Reuters reported.
U.S. financial technology firm Blackhawk Network Holdings Inc (HAWK.O) said on Tuesday it would be acquired by private equity firms Silver Lake and P2 Capital Partners in an all-cash deal worth about $3.5 billion including debt.
The state owners of Germany’s HSH Nordbank [HSH.UL] on Monday agreed to exclusive talks with potential buyers J.C. Flowers and Cerberus as long-running attempts to privatize the ailing bank near conclusion, sources told Reuters.
German used-car dealing platform Auto1 said a 460 million euro ($561 million) financial infusion from Japan’s Softbank meant it was under no pressure to launch an initial public offering to fund its pan-European growth plans.
China’s second-biggest e-commerce firm JD.com (JD.O) has kicked off a fundraising round at its logistics unit with a target of at least $2 billion, and eventually plans to list the business overseas, sources told Reuters.
Xiaomi has tapped CLSA, Goldman Sachs and Morgan Stanley as joint sponsors for its proposed IPO, sources told Reuters, in what could potentially value the Chinese smartphone maker at up to $100 billion.
SoftBank Group Corp (9984.T) said on Monday it was considering listing its Japanese wireless business – a move that could reportedly raise $18 billion and would accelerate the conglomerate’s transformation into one of the world’s biggest tech investors.
RNC Minerals is in talks with commodity traders, mine operators and financiers to help secure US$1 billion to build the world’s biggest nickel and cobalt project next year, Reuters reported. A global battery boom, driven by growing demand for electric cars, is pushing prices higher for such key ingredients as nickel and cobalt and encouraging miners to accelerate development plans. Conditions are right to build Dumont in Québec, said RNC. With 3.15 million tonnes of nickel sulphide and 126,000 tonnes of cobalt, it is the largest undeveloped reserve of both metals in the world, the Toronto-based company said. RNC owns 50-percent of Dumont with Canadian mining private equity firm Waterton Global Resource Management holding the remainder.
BlackRock Inc (BLK.N) has profited by being beating its competitors in exchange-traded funds to the punch, but Chief Executive Officer Larry Fink seems happy to be out of step with at least one trend – the race to build a bitcoin fund, Reuters reported.
Canada Pension Plan Investment Board and Goldman Sachs Asset Management LP led an investment round of more than US$950 million for Enfoca, a Peruvian private equity firm, em>Reuters reported. CPPIB committed US$380 million to the investment. Goldman and three Peruvian pension funds also contributed to the funding. In a release, the parties said the secondary deal gives existing Enfoca limited partners a liquidity option and new limited partners an opportunity to invest in a portfolio of Peruvian mid-market companies. CPPIB’s Michael Woolhouse said the pension fund’s commitment increases its “overall investment in Latin America, one of our strategic focus regions.”