Qatar’s sovereign wealth fund is placing a $75 million bet on aerospace precision parts maker Doncasters Group ahead of its U.S. listing. The Qatar Investment Authority (QIA) agreed to buy the shares at the IPO...
International News
EasyJet holds out for higher Castlelake bid after rejecting offer, FT reports
EasyJet and its investors are holding out for at least £600 million ($794.46 million) more from U.S. suitor Castlelake, the Financial Times reported on Monday, citing leading shareholders and people with knowledge of...
Lloyds weighs bid for Aldermore as South Africa’s FirstRand seeks exit, Sky News reports
Lloyds Banking Group is exploring a potential takeover of Aldermore, the lender being sold by South Africa’s FirstRand amid a motor finance mis-selling scandal engulfing Britain’s banking sector, Sky News...
KNDS family owners to sell 40% stake to German government, source says
The families that own half of tank maker KNDS have agreed to sell a 40% stake to the German government, according to a source familiar with the matter, in a deal that clears the final hurdle for the company to list on...
AbbVie nears $11 billion deal for Apogee Therapeutics, FT reports
AbbVie is nearing a deal to acquire inflammatory disease drug developer Apogee Therapeutics for about $10.9 billion in cash, the Financial Times reported on Friday, citing people familiar with the matter. The deal...
Accent Group’s independent board committee urges shareholders to reject Frasers’ takeover offer
Australia’s Accent Group said on Monday that an independent board committee comprising all but one of its directors recommended to reject the A$390.8 million ($274 million) takeover offer from its top...
Danone to buy Australia’s food and beverage company MADE Group
French food giant Danone said on Monday it will acquire Australian company MADE Group for an undisclosed amount, strengthening its dairy business in the Asia-Pacific region. In a statement, Danone added it would...
Turkish competition board approves Uber acquisition of Getir delivery business
The Turkish Competition Board said on Friday it had approved Uber Technologies Inc.’s acquisition of the delivery arm of Turkey’s Getir from Emirati controlling shareholder Mubadala. “The commitment...
Abu Dhabi’s MGX weighs multi-billion deal for data center operator DayOne, sources say
Abu Dhabi-backed artificial intelligence investor MGX has been exploring buying Singapore-based data centre operator DayOne, three sources said, in what would mark a major step in its global expansion into the...
PE firm Pollen Street to acquire Finastra’s core banking software unit
UK-based private equity firm Pollen Street Capital on Friday said that it will acquire financial software company Finastra’s global core banking software business Universal Banking (UB). The firms did not...
Canada’s MDA Space to buy Blue Canyon in $620 million deal
Canadian space technology firm MDA Space said on Friday it would buy U.S.-based Blue Canyon Technologies from RTX’s Raytheon business for $620 million in cash, expanding its footprint in the U.S. defense space...
Investor opposition ends $1.2 billion PPHE-Fattal hotel deal talks
PPHE Hotel Group on Friday said a £920.9 million ($1.2 billion) takeover proposal from Israel’s Fattal Hotel Group has fallen through after opposition from the Amsterdam-headquartered company’s biggest...
