Auto retailer Asbury Automotive Group said on Tuesday it would acquire automotive dealerships owned by Herb Chambers Companies in a deal valued at $1.34 billion. Asbury plans to fund the acquisition using a combination...
HSBC to sell Bahrain retail banking operations as restructuring progresses
HSBC on Tuesday agreed to sell its retail banking operations in Bahrain to Bank of Bahrain and Kuwait (BBK) amid a global restructuring at the bank. The deal will see a transfer of retail loans, deposits and accounts of...
ZF considering spin-off of electric drive division, Handelsblatt reports
German automotive supplier ZDF (ZFF.UL) is considering a spin-off of its electric drive train division, the Handelsblatt business news outlet reported on Tuesday, citing company sources. ZF said it was “examining...
UK competition watchdog provisionally clears Boparan-ForFarmers deal
UK’s competition regulator said on Tuesday it has provisionally cleared British food maker Boparan Holdings’ proposed deal to buy Dutch agricultural feed company ForFarmers’ Burston and Radstock feed...
KKR to buy additional 5% stake in Eni biofuel business
U.S. fund KKR has signed an agreement with Italy’s Eni to buy an additional 5% stake in Eni’s biofuel business Enilive for 587.5 million euros ($614.17 million), bringing its total stake to 30%, the energy...
Evergrande Unit Tianji Ordered to Liquidate by HK Court
A key unit of China Evergrande Group was ordered by a Hong Kong court to liquidate, the latest legal win for liquidators trying to access assets of the world’s most indebted developer. Tianji Holding Ltd. is the second...
UK’s Assura rejects $2 billion buyout bid from KKR, pension fund
British healthcare property developer Assura has rejected a 1.56 billion pound ($2 billion) acquisition bid from KKR and pension fund Universities Superannuation Scheme, the U.S.-based private equity group said on...
H&E accepts Herc Rentals’ $5.3 billion bid, FT reports
H&E Equipment Services has accepted a roughly $5.3 billion takeover bid from Herc Rentals, rebuffing an earlier acquisition offer from equipment rental rival United Rentals, the Financial Times reported on Tuesday...
Dubai-based Huda Beauty sells fragrance line KAYALI to co-founder and General Atlantic
Dubai-based Huda Beauty will sell its popular fragrance brand KAYALI to its co-founder and General Atlantic in a move that allows the beauty company’s owners to buy back a stake held by TSG Consumer Partners since...
Nokia set to gain EU approval for $2.3 billion Infinera acquisition: Report
Nokia is set to secure unconditional EU antitrust clearance for its $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera, people with direct knowledge of the matter said on...
Bain Capital ends acquisition battle with KKR for Fuji Soft
U.S. private equity firm Bain Capital said on Monday it will not launch a tender offer for Fuji Soft, formally ending a takeover battle with rival KKR for the Japanese IT company. Bain had said last week it might...
Australia’s Perpetual gets new offer from KKR for its wealth, trust units
Australia’s Perpetual confirmed on Monday it received a revised proposal for its wealth management and corporate trust businesses from buyout firm KKR & Co, but said the offer includes commercial terms that...
