SAO PAULO - BR Partners, the Brazilian investment bank founded by dealmaker Ricardo Lacerda, is countering the impact of Brazil's worst recession in 25 years by carving out a greater role as a mergers and acquisitions adviser and a provider of structured finance.
HONG KONG - China's Focus Media Holding Ltd, a Carlyle-backed company that was delisted in the United States after short-seller attacks, aims to relist on the market through an acquisition by communications equipment maker Hedy Holdings .
Sun, Aug 30 2015
HONG KONG - Ageas has agreed to sell its Hong Kong insurance unit to a China-based asset manager JD Capital for HK$10.7 billion ($1.4 billion), the Belgian insurer said in a statement on Sunday, exiting a business it acquired eight years ago.
Sat, Aug 29 2015
- Warren Buffett's Berkshire Hathaway Inc disclosed a $4.48 billion stake in oil refiner Phillips 66 , rebuilding a bet it had made in the energy industry before oil prices fell.
TORONTO - The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as part of their assault on the company in recent weeks.
Fri, Aug 28 2015
SINGAPORE - Mitsubishi Corp's decision to spend $1.1 billion for one fifth of Olam International is a key vote of confidence that will allow the Singapore agri-trader to exploit M&A opportunities thrown up by the slump in the global commodities market.
- Wells Fargo & Co has emerged as the leading candidate to buy General Electric Co's railcar financing unit, Bloomberg reported.
Thu, Aug 27 2015
HONG KONG - State-owned bad debt management firm China Huarong Asset Management Co Ltd has won approval from Hong Kong's stock exchange for its initial public offering, expected to raise as much as $3 billion, a person with direct knowledge of the plans said.
- BOK Financial Corp has more exposure to volatile energy prices than virtually any other bank in the United States, but its chief executive is still shopping around for an acquisition.
- Snack food company B&G Foods Inc is in late-stage discussions to acquire General Mills Inc's Green Giant frozen and canned vegetable business, people familiar with the matter said on Thursday.
The presidential campaigns and their Super PACs will be releasing their September fundraising reports in a few weeks. One of them is looking to be a doozy.