Phillips 66 will sell its 49% non-operated equity interest in Coop Mineraloel AG to its Swiss joint venture partner for $1.24 billion, the U.S. refiner said on Monday. The joint venture operates 324 retail sites and...
Odyssey in Advanced Talks to Buy Honeywell’s Face Mask Unit
Odyssey Investment Partners is in advanced talks to acquire Honeywell International Inc.’s personal protective equipment unit, people familiar with the matter said. The private equity firm is putting the finishing...
Australia’s TPG to sell fibre, fixed assets to Vocus for $3.5 bln
Australia’s TPG Telecom said on Monday it would carve out its fibre and fixed network infrastructure assets in a sale to Macquarie and pension fund Aware Super-owned telecommunications group Vocus for A$5.25...
Tetragon in talks over possible sale of Equitix, sources say
Investment group Tetragon is looking at options for British infrastructure investor Equitix, including a possible sale, two people with knowledge of the matter said, potentially adding to a rush of deals by funds in...
Nippon Steel to sell Calvert JV to ArcelorMittal if U.S. Steel deal completed
Nippon Steel said on Friday it will sell its entire 50% stake in a joint-venture steel plant it has in Calvert, Alabama, with ArcelorMittal, if the top Japanese steelmaker succeeds in a buyout bid for United States...
Brembo buys suspension maker Ohlins Racing for $405 million
Italy’s Brembo said on Friday it had agreed to buy suspension technology manufacturer Ohlins Racing for $405 million, in the premium brake maker’s biggest ever acquisition. Swedish-based Ohlins will be fully...
Bain makes binding offer for Fuji Soft, 7% higher than rival KKR
U.S. buyout fund Bain Capital made a binding offer to buy Fuji Soft for 9,450 yen a share in a deal that values the Japanese software developer at $4 billion and outbids rival KKR by about 7%. Bain said in a statement...
Mulberry majority shareholder rejects selling to Frasers
The majority shareholder in luxury brand Mulberry on Sunday said it had no interest in selling any of its stake to sportswear and apparel retailer Frasers Group, in a statement designed to end Frasers’ takeover...
Japan’s Seven & i, facing a $47 billion Couche-Tard bid, to separate some assets
Seven & i Holdings announced on Thursday a roadmap to hive off underperforming businesses and focus on its convenience store operations, as the retailer aims to fend off a $47-billion takeover bid from...
Brookfield to buy Tritax EuroBox for $1.44 bln, sparking potential takeover battle
Canada’s Brookfield Asset Management will buy European logistics real estate firm Tritax EuroBox, the companies said on Thursday, the latest sign of booming investor interest in warehouses and distribution centres...
Leoni to submit China stake sale to German government
Automotive supplier Leoni is preparing to register the sale of a majority stake to Chinese company Luxshare with the German government, a company spokesperson said on Thursday in what it called a routine step...
CD&R nears deal to buy Sanofi’s consumer unit for $16 bln, source says
Sanofi is closing in on a deal to sell its consumer health unit for about 15 billion euros ($16.4 billion) to U.S. private equity firm Clayton Dubilier & Rice (CD&R), a person familiar with the matter told...
