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Market Chatter-Corporate finance press digest
January 31, 2014 / 4:10 AM / 4 years ago

Market Chatter-Corporate finance press digest

Jan 31 (Reuters) - The following corporate finance-related stories were reported by media:

* Hedge fund owners of TI Automotive have hired the advisory arm of Blackstone Group LP to evaluate a range of options for the auto parts maker, including an initial public offering or a sale to private equity, according to people familiar with the matter.

* Blackstone Group LP, TPG Capital LP and CVC Capital Partners Ltd are on a short list of buyout firms competing to acquire Gates Global Inc, in a deal expected to value the industrial company at $5 billion to $6 billion, according to people familiar with the matter.

* South Africa’s Bidvest has bought the bulk of drugmaker Adcock Ingram’s shares that traded on Thursday, a person familiar with the matter told Reuters, substantially lifting its stake in the company.

* Colombia’s biggest financial entity, Bancolombia, will issue about 2.5 trillion pesos ($1.25 billion) of preferred shares in the local market, possibly within two weeks, sources close to the transaction told Reuters.

* Box, a Silicon Valley start-up that sells a cloud-based document sharing service to businesses, has filed for an initial public offering likely to value it at more than $2 billion, Financial Times reported, citing two people familiar with the situation. ()

* Clean energy producer Greenko Group Plc, is in talks to acquire Lanco Infratech’s Budhil hydropower project in Himachal Pradesh for nearly 6.5 billion rupees ($103.71 million), the Mint newspaper reported, citing three people close to the development. ()

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