China Resources Enterprise Ltd is set to launch a strategic review of its Hong Kong meat distribution unit, a source told Reuters, as it readies funds to bid for tycoon Li Ka-shing's ParkNShop supermarket business.
A Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) unit has bought a 50 percent stake in privately-held British motor insurer Hastings, in a deal that values the company at 700 million pounds ($1.13 billion), Reuters reported.
Outrigger Energy has raised $200 million from Kayne Anderson Capital Advisors. Private investor Brion G. Wise and Outrigger Energy's management also participated in the investment. Based in Denver, Colorado, Outrigger Energy is a provider of midstream services to crude oil and natural gas producers.
Bloomberg reported on Tuesday that Extended Stay America now expects to raise $500 million for its IPO. Deutsche Bank AG, Goldman Sachs Group. and JPMorgan Chase will serve as underwriters. Extended Stay, which is owned by the Blackstone Group, Centerbridge Partners and Paulson & Co., is a hotel chain in North America. The company originally filed for a $100 million IPO in July.
San Diego, CA-based medical device company Tandem Diabetes Care has filed for an IPO, which various news outlets report to be for $100 million. The number of shares and pricing terms have yet to be decided. Tandem will trade its stock on the NASDAQ under the ticker symbol "TNDM." BofA Merrill Lynch and Piper Jaffray will act as underwriters. Tandem is backed by Delphi Ventures, Domain Associates, TPG Biotechnology Partners, HLM Venture Partners and Kearny Venture Partners.
John D. Skjervem, Chief Investment Officer of the Oregon State Treasury, talks about Oregon's investment strategy at Thomson Reuters' PartnerConnect West 2013 conference in Half Moon Bay, Calif.
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Video date: Oct. 8, 2013
According to Tech Crunch, Zulily has filed for a $100 million IPO. An ecommece site that targets moms and their children, the Seattle-based Zulily is backed by Maveron, Andreessen Horowitz, Trinity Ventures and Meritech Capital Partners.
An investment group led by Firsthand Technology Value Fund has completed its acquisition of IntraOp Medical Corp. No financial terms were disclosed. Headquartered in Sunnyvale, Calif., IntraOp is a provider of tech-based cancer treatments.
The Canadian government said on Monday it blocked a bid from a company controlled by Egyptian telecom tycoon Naguib Sawiris to buy a fiber optic network, citing national security concerns. Manitoba Telecom Services Inc (MTS) had announced in May it would sell its Allstream fiber optic network for C$520 million to Accelero Capital Holdings, which is controlled by the Egyptian telecom magnate.
Toronto-based Laborie Medical Technologies Inc, a portfolio company of Audax Group, said Tuesday that it has completed its buy of UroMed Technology Inc. No financial terms were disclosed. Headquartered in San Ramon, California, UroMed is a provider of biofeedback and electrical stimulation medical equipment and accessories. Laborie is a maker and provider of medical testing equipment and consumables. Update: Laborie, which was acquired by U.S.-based private equity firm Audax in 2012, earlier this year purchased Life-Tech Inc of Stafford, Texas.