Investment firms Warburg Pincus and Berkshire Partners have agreed to buy aircraft parts maker Triumph Group in a take-private deal valued at about $3 billion, the company said on Monday. An ongoing consolidation in the...
KKR to raise Fuji Soft bid to 9,850 yen a share, above Bain’s offer
U.S. private equity firm KKR will raise its offer price for Japanese IT company Fuji Soft by more than 4% to take it above a rival offer from Bain Capital, it said on Tuesday. It is the latest salvo in a protracted...
Indonesian fund, Mitsui vie for $300 mln stake in toll operator RKE, sources say
Indonesia’s sovereign wealth fund, Indonesia Investment Authority (INA), and Japan’s Mitsui & Co are among prospective buyers of CVC Capital Partners’ 25% stake in Indonesian toll road operator RKE...
Sika acquires Singapore-based Elmich Pte
Construction chemicals maker Sika said on Monday that it has acquired Elmich Pte, a Singaporean construction firm and supplier of greening systems. The Swiss company added in a statement that this acquisition will help...
Tempur Sealy Cleared to Buy Mattress Firm in Blow to FTC
Tempur Sealy International Inc. was cleared to move forward with its $4 billion acquisition of Mattress Firm Inc. after a federal judge in Texas rejected a claim by the US Federal Trade Commission that the deal would...
Spain’s defence company Indra buys satellite operator Hispasat
Spain’s defence company Indra agreed to buy 89.7% of satellite operator Hispasat from Redeia for 725 million euros ($752.26 million), the company said on Friday in a filing to the stock market regulator. The deal...
Austria’s OMV, ADNOC mull acquiring Nova Chemicals
Austria’s OMV and Abu Dhabi National Oil Company (ADNOC) said on Friday they are considering a joint venture to acquire Canada’s Nova Chemicals if its owner, the Abu Dhabi sovereign wealth fund Mubadala...
ITV, RedBird IMI in early-stage talks to merge production businesses, sources say
British broadcaster ITV has been holding early-stage talks with Abu Dhabi-backed group RedBird IMI about a possible merger of their respective production businesses, two people with knowledge of the situation said. The...
Nissan, Honda to announce direction of possible integration by mid-Feb, Nissan says
Nissan Motor will aim to announce the direction of its possible integration with Honda Motor by mid-February, a company spokesperson said on Friday, pushing back the plan from the end of January. The two Japanese...
Northvolt sells stake in battery unit to Volvo, to explore North American deals
Swedish electric-vehicle battery maker Northvolt agreed with Volvo Cars on Wednesday to sell its stake in their joint battery venture Novo Energy for an undisclosed sum and explore potential collaborations in North...
Nationwide to acquire Allstate’s stop-loss insurance business in $1.25 billion deal
U.S. insurer Nationwide said on Thursday that it would acquire property and casualty insurer Allstate Corp’s employer stop-loss segment in a $1.25 billion deal, as it seeks to expand its stop-loss insurance...
EQT-backed Zayo in lead to buy Crown Castle assets in deal above $8 bln, source says
Fiber network owner Zayo Group is in the lead to buy the Crown Castle’s assets in a deal that could be valued at over $8 billion, a source familiar with the matter told Reuters. Zayo, owned by Sweden’s EQT...
