Acquisitive Chinese property developer Sunac China Holdings Ltd (1918.HK) will raise $1 billion from banks to refinance its current debts, the firm said in a filing on Thursday. Sunac has been making a spate of high...
Wanda Group to sell China tourism projects, hotels to Sunac for $9.3 bn
Chinese property giant Dalian Wanda Group plans to sell tourism projects and hotels in the country to Sunac China for $9.3 billion, as it dials back its theme-park ambitions and brings down its debt pile. The sale — the...
White Unicorn raises $20 million fund to invest in European start-ups
White Unicorn Ventures, a Mumbai-based seed-stage investor, has closed its $20-million maiden fund and is looking to deploy a part of the capital in European start-ups. In a telephone interview, Rohit Chokhani...
M&A scrutiny dampens China lending
Chinese companies have completed only US$1.1bn of merger-and-acquisitions loans so far this year, as government efforts to curb capital outflows and “irrational” overseas takeovers have taken a toll on event...
Invitation Homes raises $1.54 billion in IPO: source
Invitation Homes (INVH.N), the largest U.S. home rental company, raised $1.54 billion in an initial public offering on Tuesday, the company said, setting the stage for a pick-up in IPO activity in 2017. The stock market...
Deutsche Bank Extends South Africa M&A Streak With Beer Megadeal
Deutsche Bank AG is heading for its best annual performance in South Africa after winning a key role on the biggest beer acquisition in history. Sharing in the work on Anheuser-Busch InBev’s $104 billion takeover of...
Tesla Seals $2 Billion SolarCity Deal
Elon Musk’s Tesla Motors Inc. officially moved beyond cars and became a clean-energy company Thursday, as shareholders overwhelmingly approved the acquisition of SolarCity Corp. The deal, valued at about $2 billion...
Wanda’s Wang Heads for Record M&A Year With $16 Billion in Deals
Billionaire Wang Jianlin is headed for a record year of mergers and acquisitions as the Chinese tycoon seeks to build an entertainment empire that could challenge Walt Disney Co. by the end of the decade. Wang’s AMC...
12 Biggest Mergers and Acquisitions of 2016
Microsoft’s acquisition of LinkedIn isn’t even top. In a move that no one saw coming, Microsoft announced it would acquire social network, LinkedIn, in what is the largest tech deal of 2016 Monday morning. So where does...
Apollo to acquire US home broker Realogy for $6.4b
Apollo to acquire US home broker Realogy for $6.4b Apollo Management agreed to buy Realogy, the owner of the Century 21 and Coldwell Banker real-estate brokers, for about $6.4 billion in a sign the US housing slump may...