The shareholders of Distilled, which owns popular property site Daft.ie, are exploring options for their holdings including a possible sale that could value the business at as much as 600 million euros ($662.82...
South Africa’s SPAR sells Polish business to Specjal
South Africa’s second-biggest grocery group SPAR has sold its loss-making business in Poland to local Polish retailer Specjal for 185 million rand ($10 million), it said on Wednesday. SPAR will be required to...
Oaktree clinches sale of Italian bank Banca Progetto to Centerbridge
Investment firm Oaktree Capital Management has struck a deal to sell Banca Progetto, an Italian specialty finance bank, to funds managed by private equity firm Centerbridge Partners, the lender said in a statement on...
President Biden close to blocking Nippon Steel’s acquisition of US Steel
The White House is close to announcing President Joe Biden will block Nippon Steel’s acquisition of US Steel citing national security concerns, two sources familiar with the situation said on Wednesday, amid...
Australia’s Orora to sell North American packaging arm to CD&R-backed Veritiv
Australia’s Orora said on Wednesday it would sell its North American packaging business to U.S. private equity firm Clayton, Dubilier & Rice-backed Veritiv for an enterprise value of A$1.78 billion ($1.19...
Salesforce to acquire AI voice agent firm Tenyx, joining AI talent race
Enterprise cloud firm Salesforce on Tuesday said it has agreed to acquire Tenyx, which develops artificial intelligence-powered voice agents, to advance its AI-driven solutions. The acquisition, for which no deal value...
California-based Clearlake to buy Natixis’ private credit unit
California-based investor Clearlake Capital said on Tuesday it would buy pan-European private credit specialist MV Credit from asset manager Natixis Investment Managers, part of a wider push by investors into lending to...
CapitaLand Integrated Commercial Trust to buy 50% stake in Singapore mall
CapitaLand Integrated Commercial Trust will acquire a 50% stake in Singapore’s ION Orchard Mall for an agreed property value of S$1.85 billion ($1.42 billion), the real estate investment trust said on Tuesday. As...
Greece’s Attica Bank shareholders approve merger with Pancretan Bank
Attica Bank shareholders approved on Tuesday the bank’s deal to merge with the smaller Pancretan Bank in an effort to clean up its balance sheet and create a new banking organisation, the bank said in a bourse...
Semnur Pharmaceuticals to go public via SPAC merger with Denali Capital in $2.5 bln deal
Semnur Pharmaceuticals, a wholly owned subsidiary of Scilex Holding Company, will go public via a merger with special purpose acquisition company Denali Capital Acquisition Corp in a $2.5 billion deal, the companies...
Blackstone buys stake in $1.2 billion European logistics fund
Private equity giant Blackstone has agreed to buy an 80% stake in a European warehouse portfolio run by landlord Burstone, the latest push by the U.S. investment manager into warehouses that have boomed alongside the...
CapitaLand Integrated Commercial Trust to buy 50% stake in Singapore mall
CapitaLand Integrated Commercial Trust will acquire a 50% stake in Singapore’s ION Orchard mall for an agreed property value of S$1.85 billion ($1.42 billion), the real estate investment trust said on Tuesday. As...
