Deals

Investment veterans launch real estate, hospitality buyout vehicle

Investment veterans launch real estate, hospitality buyout vehicle

Published 09/11/2017

The former chairman of fund manager Man GLG and the ex-president of Vornado Realty Trust are behind a buyout vehicle that will seek deals in the real estate and hospitality sectors, according to marketing materials seen by Reuters on Thursday. [more…]

U.S. healthcare brightens tame U.S. high-grade M&A lending

U.S. healthcare brightens tame U.S. high-grade M&A lending

Published 03/11/2017

CVS Health Corp’s planned US$66bn buy of Aetna Inc is poised to boost the healthcare sector’s share of US investment-grade mergers and acquisitions lending beyond its current one-third share of the US$122bn total as the sector remains a bright spot in an otherwise lackluster market. [more…]

Torrent Pharma to buy Unichem Labs` India business for $558 million

Torrent Pharma to buy Unichem Labs` India business for $558 million

Published 03/11/2017

Torrent Pharmaceuticals said on Friday it would buy more than 120 brands from Unichem Laboratories in India and Nepal, and its manufacturing plant at Sikkim. [more…]

Clariant merger foe boosts stake to 20 percent: stock exchange

Clariant merger foe boosts stake to 20 percent: stock exchange

Published 27/10/2017

Activist investors who oppose Swiss specialty chemicals maker Clariant's proposed $20 billion merger with U.S.-based Huntsman have boosted their stake to 20 percent, the Swiss stock exchange said on Friday, after Reuters reported the increased holding on Thursday. [more…]

SoFi held sale talks, but bidders balked at $8 billion price: newspaper

SoFi held sale talks, but bidders balked at $8 billion price: newspaper

Published 23/10/2017

Social Finance Inc discussed a potential sale earlier this year, including with financial services company Charles Schwab Corp, but the talks fell apart over the $8 billion price the online lender sought, the Financial Times reported on Sunday, citing people familiar with the matter. [more…]

E*Trade to buy custody firm in growth push as profits remain dull

E*Trade to buy custody firm in growth push as profits remain dull

Published 20/10/2017

E*Trade Financial Corp (ETFC.O) plans to spend $275 million to acquire a firm that provides custody services and technical support to financial advisers, the discount brokerage firm said on Thursday. [more…]

Australia`s ANZ sells pension business to IOOF for $766 million

Australia`s ANZ sells pension business to IOOF for $766 million

Published 17/10/2017

Australia and New Zealand Banking Group Ltd has sold its pension unit to IOOF Holdings for A$975 million ($766 million), joining the rush of Australian banks quitting non-core and scandal-hit divisions to boost capital. [more…]

UK watchdog says sovereign listing plan in line with government policy

UK watchdog says sovereign listing plan in line with government policy

Published 13/10/2017

The Financial Conduct Authority said its proposals for listing state-controlled companies such as Saudi Aramco were in line with Britain's aim of London remaining a leading financial center, raising concerns about whether they were robust enough. [more…]

At least six funds interested in Sanofi European generic drugs unit -Le Figaro

At least six funds interested in Sanofi European generic drugs unit -Le Figaro

Published 05/10/2017

French pharmaceutical group Sanofi (SASY.PA) is set to start the process to sell its generic drug business in Europe, and at least six funds have expressed interest to investment banks mandated by group, France's Le Figaro newspaper reported. [more…]

Exclusive: AC Milan`s Chinese owner seeks new investors – sources

Exclusive: AC Milan`s Chinese owner seeks new investors – sources

Published 29/09/2017

The Chinese owner of former European soccer champions AC Milan is looking for one or more investors to share the financial burden, less than six months after buying the loss-making Italian club, two sources said on Friday. [more…]