Australian fund manager Platinum Asset Management said on Thursday it was in talks with investment manager L1 Capital on a deal to create an A$18 billion ($12 billion) funds management group. While the financial terms...
Couche-Tard advances deal talks for Japan’s Seven & i with access to books
Alimentation Couche-Tard (ACT) and Japan’s Seven & I said they have signed a non-disclosure agreement (NDA) that will give the Canadian company access to the Japanese retailer’s financial data as it...
Novartis to buy kidney disease drug maker Regulus in up to $1.7 billion deal
Novartis has agreed to buy Regulus Therapeutics for up to $1.7 billion, giving the Swiss drugmaker access to an experimental drug to treat a life-threatening kidney disease. Under the deal terms, Novartis will pay $7...
GlobalData gets takeover proposals from funds managed by ICG, KKR
Britain’s GlobalData said on Wednesday it had received preliminary takeover proposals from funds managed by private equity groups ICG and KKR, sending its shares up as much as 35.9%. The data analytics and...
Pernod completes sale of wine portfolio to Accolade Wines owner
Pernod Ricard has completed the sale of its international wine portfolio, including brands like Jacob’s Creek, to Accolade Wines owner Australian Wine Holdco, it said on Wednesday. The transaction will result in...
Spain’s antitrust body clears BBVA-Sabadell takeover, awaits government
Spain’s competition watchdog CNMC approved on Wednesday the proposed acquisition of Banco Sabadell by its larger rival BBVA, though the combined lender will have to accept several remedies in its retail banking...
Blackstone explores $3 billion sale of sustainability software firm Sphera, sources say
Blackstone is exploring a $3 billion sale of Sphera, a sustainability software and consulting services provider, according to three people familiar with the matter. The private equity firm has hired investment bankers...
Chinese sovereign fund CIC to sell $1 billion of US private equity investments, sources say
Chinese sovereign investor China Investment Corporation (CIC) is selling about $1 billion of its private equity (PE) investment portfolio in the secondary market, two people with knowledge of the matter said. The assets...
Decathlon plans to sell 30% stake in China business, Bloomberg News reports
French sporting goods retailer Decathlon has started a process to sell about 30% stake in its China business, with a deal potentially valuing the unit at about $1 billion or more, Bloomberg News reported on Tuesday. The...
Brazil’s BRB close to completing due diligence to acquire Banco Master
Brazilian state-run bank BRB has nearly completed its due diligence to acquire local lender Banco Master, with the final deal price expected to be confirmed at around 2 billion reais ($360 million), BRB CEO Paulo...
UK takeover panel gives Qualcomm more time to make bid for Alphawave
British semiconductor company Alphawave IP Group on Tuesday said the UK takeover panel has extended the deadline for a takeover offer by U.S. chipmaker Qualcomm to May 12. Alphawave said it is in discussions with...
French shipping giant CMA CGM offers to buy Air Belgium
French shipping giant CMA CGM announced on Wednesday an offer to buy Air Belgium, which would strengthen CMA CGM’s presence in the aviation sector. CMA CGM, which also owns an 8.8% stake in Air France KLM, said it...
