Sat, Nov 22 2014
PERTH November 23 - Australia said on Sunday it would list state-owned health insurer Medibank Private Ltd with a market capitalization of A$5.679 billion ($4.9 billion), exceeding the top end of a range indicated in its IPO filing a month earlier.
Fri, Nov 21 2014
- Visa Inc , the world's largest credit and debit card company, said it might have to pay more than $10 billion to buy its London-based European licensee, Visa Europe Ltd, if its owners exercise their option to sell it.
LONDON - British insurer Aviva said on Friday it had agreed terms on a possible deal to buy rival Friends Life for 5.6 billion pounds ($8.8 billion) as British pension reforms put pressure on insurance companies to find new business.
MILAN - UniCredit has resumed talks with U.S. fund Lone Star on the sale of its debt collector unit UCCMB as negotiations with a consortium made of Fortress Investment Group and Prelios are stalling, sources said.
- Mergers and acquisition deals announced so far this year have topped $3 trillion, the highest since 2007, helped by mega deals in the healthcare, energy and power sectors.
LONDON - Cement makers Lafarge and Holcim are preparing to sell assets in order to go ahead with their planned merger, and lenders are readying debt financing packages of around 4.5 billion euros (5.59 billion US dollar) to back private equity bids, banking sources said on Friday.
Thu, Nov 20 2014
Tokyo - Blackstone Group LP, the world's largest private equity investor in real estate, said it will buy residential assets in Japan from General Electric Co (GE)'s property unit in a deal worth more than 190 billion yen ($1.6 billion), Japan's largest property deal this year.
- Shares of Habit Restaurants Inc more than doubled in their trading debut, underscoring the growing appetite among investors for stocks of fast casual restaurant chains - increasingly, the choice of health-conscious diners.
PARIS - The German medical group Fresenius and the Permira investment fund have made an offer for the medical nutrition arm of Danone , The Wall Street Journal reported on Wednesday, citing sources close to the matter.
SYDNEY - U.S. private equity giant Bain Capital hired Reunion Capital Partners to advise on a listing of Australian accounting software firm MYOB Ltd worth up to A$3 billion ($2.58 billion), a source familiar with the deal said.
Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.