Shell said on Monday it will sell its Jiffy Lube lubricant shop chain to an affiliate of private equity firm Monomoy Capital Partners for $1.3 billion, as the oil major continues to shed non-core assets under CEO Wael...
Agilent to acquire Biocare Medical in $950 million all-cash deal
Life sciences firm Agilent Technologies said on Monday that it will acquire privately held clinical pathology firm Biocare Medical in an all-cash deal valued at $950 million. Agilent said Biocare’s tissue...
EQT buys 42% of Kelda Holdings amid UK water sector scrutiny
EQT on Monday said it had agreed to buy a 42% stake in Yorkshire Water’s parent firm Kelda Holdings, one of the sector’s largest recent investments at a time when Britain’s privatised water companies are...
Trump sons-backed Aureus to merge with drone maker Powerus
Aureus Greenway, a golf club company backed by the sons of U.S. President Donald Trump, said on Monday it would merge with Powerus in a deal designed to take the drone technology company public. The transaction is the...
Brazil’s Ultrapar taps BTG for possible Ipiranga stake sale, Chevron interest reported
Brazilian conglomerate Ultrapar has tapped investment bank BTG Pactual to manage the potential sale of a stake in fuel distributor Ipiranga, two people familiar with the process told Reuters on Monday. Earlier in the...
Apollo to close acquisition of Atletico Madrid stake this week, says Expansion
U.S. fund Apollo’s sports investment arm Apollo Sports Capital will complete the acquisition of 55% of Spanish football club Atletico Madrid on March 12, Spanish newspaper Expansion said on Monday, citing...
KKR eyes multibillion-dollar sale of CoolIT Systems, FT reports
U.S. private equity firm KKR is working with advisers on a sale of data center cooling company CoolIT Systems for a price tag potentially exceeding $3 billion, the Financial Times reported on Sunday, citing people...
Axel Springer buys UK’s Telegraph for $766 million, ending ownership limbo
German media group Axel Springer said on Friday it had agreed to buy Britain’s Telegraph Media Group for 575 million pounds ($766.3 million) in cash, bringing to an end a prolonged period of uncertainty over the...
Buyout group CVC eyes stake in Belgian bank Belfius ahead of possible IPO, sources say
European private equity group CVC is weighing buying a stake in state-owned Belgian bank Belfius ahead of its possible listing, two people familiar with the matter told Reuters. The government is planning to sell a...
Lanxess shares plunge after Advent calls off Envalior stake deal
Lanxess shares were set for their worst day ever after the German specialty chemicals maker said the sale of its stake in plastics joint venture Envalior had been called off, one of the first deals dropped since the...
Son of EssilorLuxottica founder nears deal to buy siblings’ Delfin stake, FT says
Leonardo Maria del Vecchio is nearing a deal to buy out two of his siblings from the family holding company Delfin, which controls EssilorLuxottica, the heir told the Financial Times in an interview published on...
Toyota’s Denso bids for chipmaker Rohm in potential $8.3 billion deal
Toyota supplier Denso has made a bid for chipmaker Rohm, a potential $8.3 billion deal that will expand the auto parts giant’s hold on power management chips used in electric vehicles and data centres. Denso, a...
