British fintech company Revolut’s CEO Nikolay Storonsky will cash in part of his multibillion-dollar stake in the company as part of a $500 million share sale, Sky News reported on Sunday. The Financial Times...
Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion deal
Saks Fifth Avenue parent HBC will acquire department-store chain Neiman Marcus in a $2.65-billion deal, the companies said on Thursday, giving them stronger negotiating power with vendors and greater ability to control...
Canada approves Glencore takeover of Teck coal unit, with conditions
The Canadian government has approved Glencore’s $6.93 billion acquisition of miner Teck Resources’ steelmaking coal unit with strict conditions to preserve jobs, the country’s industry minister said on...
Rheinmetall, Leonardo CEOs say deal paves way for EU defence consolidation
The newly formed joint venture between Germany’s Rheinmetall and Italy’s Leonardo is a first step in the consolidation of the European defence vehicle sector, the chief executives of the two groups said on...
UK-based IT firm Noventiq scraps SPAC deal to list on Nasdaq
London-headquartered information technology firm Noventiq and special purpose acquisition company Corner Growth Acquisition have mutually agreed to terminate their blank-check deal, the companies said on Thursday. The...
Carlyle, CVC & Hillhouse in the fray for GeBBS
Global private equity firms including Carlyle Group, Hillhouse Investment and CVC Capital Partners have been shortlisted to acquire ChrysCapital-owned GeBBS Healthcare Solutions, said people familiar with the...
Saks owner to buy Neiman Marcus, source says
The parent of Saks Fifth Avenue agreed to buy rival Neiman Marcus, a person familiar with the matter told Reuters on Wednesday, a move that is expected to give the struggling luxury retailers more power to negotiate...
Lufthansa gets EU nod to buy $350 million stake in Italy’s ITA
Lufthansa won EU antitrust approval to buy 41% of ITA Airways for 325 million euros ($350 million) on Wednesday after ceding routes and slots, with the news boosting rival IAG’s shares and hopes for its takeover...
Arkhouse, Brigade Capital raise buyout offer for Macy’s to $6.9 bln, WSJ reports
Arkhouse Management and Brigade Capital Management have raised their bid to buy Macy’s for about $6.9 billion, the Wall Street Journal reported on Wednesday citing people familiar with the matter. Shares of the...
Aramco, ADNOC reportedly weighing bids for Australia’s Santos, but analysts sceptical
Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) have been separately considering bids for Santos, Bloomberg News reported, sending shares of the Australian gas producer up 6.5% on Thursday. Both Saudi Aramco and...
KKR to buy Varsity Brands from Bain Capital for $4.75 billion, sources say
Private equity firm KKR & Co agreed to acquire Varsity Brands, a U.S. maker of sports uniforms and school yearbooks, from buyout firm Bain Capital for about $4.75 billion, including debt, people familiar with the...
Artisan Investments raises stake in Philips to 10%, regulatory filing shows
U.S. asset management firm Artisan Investments has raised its stake in Philips to 10%, sending the healthcare technology group’s shares rising on Wednesday, a week after the Dutch company’s biggest...
