Investment firm Gordon Brothers has acquired Pepco Group’s struggling Poundland business for a nominal value and will invest up to 80 million pounds ($108.5 million) to help fuel its turnaround, the companies said...
Aeroflex Enterprises acquires 51% stake in ABP Impex
Aeroflex Enterprises announced that its subsidiary, M.R. Organisation, has acquired 51% equity stake through its USA subsidiary in ABP Impex, based in Portugal (EU), that specialises in providing services for high...
Apollo and Irth Capital made an offer to buy Papa John’s, sources say
Apollo Global Management and Irth Capital Management have approached Papa John’s International for a deal that would take the U.S. pizza chain private, two people familiar with the matter said on Wednesday. The...
Reckitt talks exclusively to Advent on Essential Home sale, sources say
Britain’s Reckitt is talking exclusively to private equity firm Advent International over a sale of the consumer goods group’s Essential Home business, two sources with direct knowledge of the matter told...
Canada’s WSP Global to acquire UK’s Ricardo for $490 million
Canada-based WSP Global said on Wednesday that it would acquire British environmental and engineering consulting firm Ricardo for about 363.1 million pounds ($489.6 million), including debt. Under the deal, Ricardo...
KKR-Stonepeak raise bid in battle for UK’s Assura to $2.3 billion
Private equity firms KKR and Stonepeak Partners raised their offer for Britain’s Assura on Wednesday to almost 1.7 billion pounds ($2.3 billion), topping a rival bid with their “best and final” offer...
Kaynes Semicon, L&T arm to acquire Fujitsu General’s power modules business
Kaynes Semicon and L&T Semiconductor Technologies (LTSCT) are acquiring Japanese Fujitsu General’s power modules business for Rs 118.34 crore. Fujitsu will transfer the business to Larsen & Toubro’s...
BayWa sells Dutch unit Cefetra for $143 million to trim debt
Embattled German trading group BayWa has sold its grain and oilseed trading unit Cefetra to Dutch company PGFO for about 125 million euros ($143 million) as part of an effort to cut its debt burden, it said on Tuesday...
French luxury group Kering buys sun lens maker Lenti from Italy’s Safilo
Kering Eyewear has agreed to buy Italian sunglass lens maker Lenti from Safilo, the unit of French luxury group Kering said on Tuesday, as it pushes for greater control of its supply chain. Headquartered in the northern...
South Korea’s Hanwha Group says it has US approval for Austal stake increase
Hanwha Group has received approval from the U.S. Committee on Foreign Investment (CFIUS) to increase its shareholding in Australian shipbuilder Austal to 19.9% from the current 9.9%, the South Korean conglomerate said...
EU unconditionally clears SES’s $3.1 bln bid for Intelsat
The European Commission said on Tuesday it had unconditionally approved the proposed acquisition of Intelsat by SES, confirming a story Reuters exclusively reported earlier this month. The $3.1-billion bid made by the...
GFL Is Said to Consider Sale of Stake in C$5 Billion Infra Arm
GFL Environmental Inc. is considering the sale of a stake in its infrastructure arm, people with knowledge of the matter said, in what could be one of Canada’s largest infrastructure deals this year. The company is...
