U.S. private equity fund Lone Star has decided to sell its 75% stake in Novo Banco to French banking group BPCE in a deal that would value Portugal’s fourth-largest lender at around 7 billion euros ($8.14...
Thermo Fisher plans to sell parts of diagnostics unit for $4 billion, FT reports
Thermo Fisher Scientific plans to sell its diagnostics unit for about $4 billion in an attempt to offload some of its low-growth assets, the Financial Times reported on Thursday, citing people familiar with the matter...
Auto parts maker Dana to sell unit to Allison Transmission for $2.7 billion
Dana will sell its off-highway business to Allison Transmission for $2.7 billion, the auto parts makers said on Wednesday. Shares of the Maumee, Ohio-based Dana rose 7% after the bell. Its board authorized a $1 billion...
Gordon Brothers buys UK’s Poundland, to invest up to $108.5 million in revival
Investment firm Gordon Brothers has acquired Pepco Group’s struggling Poundland business for a nominal value and will invest up to 80 million pounds ($108.5 million) to help fuel its turnaround, the companies said...
Auto parts maker Dana to sell unit to Allison Transmission for $2.7 billion
Dana will sell its off-highway business to Allison Transmission for $2.7 billion, the auto parts makers said on Wednesday. Shares of the Maumee, Ohio-based Dana rose 7% after the bell. Its board authorized a $1 billion...
Apollo and Irth Capital made an offer to buy Papa John’s, sources say
Apollo Global Management and Irth Capital Management have approached Papa John’s International for a deal that would take the U.S. pizza chain private, two people familiar with the matter said on Wednesday. The...
Reckitt talks exclusively to Advent on Essential Home sale, sources say
Britain’s Reckitt is talking exclusively to private equity firm Advent International over a sale of the consumer goods group’s Essential Home business, two sources with direct knowledge of the matter told...
Canada’s WSP Global to acquire UK’s Ricardo for $490 million
Canada-based WSP Global said on Wednesday that it would acquire British environmental and engineering consulting firm Ricardo for about 363.1 million pounds ($489.6 million), including debt. Under the deal, Ricardo...
General Mills mulls sale of China Haagen-Dazs stores, Bloomberg News reports
General Mills is considering selling its Haagen-Dazs ice cream stores in China, Bloomberg News reported on Wednesday, citing people familiar with the matter. The Minneapolis, Minnesota-based company may seek several...
Nissan supplier Marelli files for Chapter 11, secures $1.1 billion in new financing
Nissan supplier Marelli Corp filed for Chapter 11 bankruptcy protection in the United States on Wednesday, the Japanese auto parts company said in a statement, after months of uncertainty about its talks with creditors...
KKR-Stonepeak raise bid in battle for UK’s Assura to $2.3 billion
Private equity firms KKR and Stonepeak Partners raised their offer for Britain’s Assura on Wednesday to almost 1.7 billion pounds ($2.3 billion), topping a rival bid with their “best and final” offer...
Meta to pay nearly $15 billion for Scale AI stake: Report
Meta Platforms has agreed to take a 49% stake in artificial intelligence startup Scale AI for $14.8 billion, The Information reported on Tuesday, citing two people familiar with the matter. Founded in 2016, Scale AI...
