Switzerland’s Xlife Sciences AG said on Wednesday its portfolio company, VERAXA Biotech AG, will merge with Voyager Acquisition in a deal that will value the combined company at $1.64 billion. The merger would...
KKR makes $1.2 billion offer for Sweden’s Biotage
Sweden’s Biotage said on Tuesday that KKR had made a cash offer for the Swedish biotechnology firm, valuing it at around 11.6 billion Swedish crowns ($1.22 billion). The offer price of 145 crowns per share...
SK Capital-Backed Chemical Business Ascend Files Bankruptcy
Ascend Performance Materials Inc., a chemicals business backed by SK Capital Partners, has filed bankruptcy and said it intends to restructure with support from its lenders. Houston-based Ascend and its corporate...
US investor Cameron offers $5 billion for Kazakh mining giant, ERG says no sale talks
U.S. businessman James Cameron has offered to buy mining giant Eurasian Resources Group for $5 billion, a letter he sent to its board showed, as the company prepares to participate in a major expansion of...
Buyout firm Thoma Bravo nears deal for Boeing’s Jeppesen unit, Bloomberg News reports
Technology-focused buyout firm Thoma Bravo is in advanced talks to acquire Boeing’s Jeppesen navigation unit, with an announcement anticipated later this week, Bloomberg News reported on Monday, citing people...
Nomura to buy Macquarie’s US, European asset management units for $1.8 billion
Nomura is acquiring Macquarie Group’s U.S. and European public asset management businesses for $1.8 billion, marking the Japanese investment bank’s most ambitious expansion abroad since its failed purchase...
Advisory firms Baker Tilly and Moss Adams set to merge in $7 billion deal
Baker Tilly said on Monday that it will merge with Seattle’s Moss Adams in a $7 billion deal that will create the sixth-largest advisory CPA firm in the United States. The merger is expected to be finalized in...
Bertelsmann chief seeks to revive $4.15 billion French TV merger, FT reports
German media group Bertelsmann’s CEO Thomas Rabe wants to revive an aborted merger between French broadcasters M6 and TF1, amid the European Union’s softening regulations, the Financial Times reported on...
Thailand’s Charoen Pokphand Foods to buy Itochu’s stake in C.P. Pokphand for $1.1 billion
Thailand’s food giant Charoen Pokphand Foods will buy a 23.8% stake in C.P. Pokphand from Japanese trading house Itochu Corp for $1.1 billion to become its sole owner, the company said on Monday. Bermuda-based C.P...
Toyota, Daimler near merger of truck units, Nikkei Asia reports
Toyota Motor unit Hino Motors and Mitsubishi Fuso Truck and Bus, a subsidiary of Germany’s Daimler Truck, are moving to finalize a merger agreement, Nikkei Asia reported on Tuesday. The two auto groups aim to...
Helvetia, Baloise to merge into Switzerland’s second-biggest insurance group
Helvetia and Baloise plan to merge into what would be Switzerland’s second-largest insurance group with a combined market share of about 20%, the firms said on Tuesday. The merger is expected to generate run-rate...
Italy clears UniCredit’s bid for Banco BPM with prescriptions
Italy has cleared with conditions UniCredit’s takeover bid for rival Banco BPM, with sources saying a speedier exit from Russia is among demands set by Rome for the bank led by CEO Andrea Orcel. UniCredit’s...
