Private equity firm KKR has agreed to buy a portfolio of 19 student housing properties from Blackstone Real Estate Income Trust for about $1.64 billion, the companies said on Thursday. The over 10,000-bed portfolio...
3 South Korean budget airlines still in race for Asiana cargo unit, sources say
Three South Korean low-cost carriers are currently in the race to buy Asiana Airlines’ cargo business, two people with knowledge of the matter said on Thursday. Among the carriers that participated in the first...
PE firm GTCR to buy wealth management platform AssetMark for $2.7 bln
Private equity firm GTCR has agreed to pay $2.7 billion to buy AssetMark Financial, in a deal that would take the wealth management platform private more than five years after its initial public offering. The...
US FCC approves T-Mobile deal to buy budget provider Mint Mobile
The U.S. Federal Communications Commission said on Thursday it will approve the T-Mobile US deal to buy Ka’ena Corp, the owner of budget service provider Mint Mobile, for up to $1.35 billion. The FCC cited T...
Private equity owner of Sauer Brands explores sale of condiments maker, sources say
The private equity owner of Sauer Brands is exploring a sale of the 137-year-old maker of condiments and spices that could value it at more than $1 billion, including debt, according to people familiar with the matter...
Clinical lab operator Labcorp to buy bankrupt genetic test maker Invitae for $239 mln
Laboratory service provider Labcorp said on Wednesday it will acquire Softbank-backed Invitae Corp’s assets auctioned through a voluntary bankruptcy protection process, a few months after the genetic test maker...
Axiata, Sinar Mas closer to $3.5 bln telco merger in Indonesia, Bloomberg says
Malaysian conglomerate Axiata Group and Indonesian group PT Sinar Mas are going ahead with plans to merge their telecom operations in Indonesia to create a $3.5 billion entity, Bloomberg News reported, citing people...
Anglo American receives BHP buyout proposal, could reshape copper market
London-listed miner Anglo American said on Thursday it had received an all-share buyout proposal from BHP Group, a deal that would create the world’s biggest copper miner churning out around 10% of global output...
Blackstone to buy restaurant chain Tropical Smoothie
Blackstone has agreed to buy Tropical Smoothie Cafe, the private equity firm said on Wednesday, in a deal that a source said valued the restaurant chain at $2 billion. The Atlanta-based company began operating as a...
US oil and gas M&A hits quarterly record after blockbuster 2023
U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year’s fierce merger pace centered in the top U.S. shale field, data provider Enverus said on Tuesday. Energy companies...
Bunge-Viterra agriculture merger runs into Canada competition concerns
Canada’s Competition Bureau on Tuesday said it found major competition concerns around U.S. grains merchant Bunge’s proposed acquisition of Glencore-backed Viterra, throwing an obstacle before a global...
Apparel company Express seeks quick bankruptcy sale
Apparel retailer Express said on Tuesday that it needs to move quickly to a bankruptcy sale in order to avoid a complete liquidation of its business. Express filed for bankruptcy protection on Monday with a non-binding...