German satellite maker OHB is working on a share sale, potentially allowing minority investor KKR to reduce its stake, Bloomberg News reported on Wednesday. A deal could value OHB at slightly above its market value...
Reuters.com
KKR to acquire Nothing Bundt Cakes for over $2 billion, source says
U.S. private equity firm KKR has struck a deal to acquire bakery chain Nothing Bundt Cakes from Roark Capital for over $2 billion, including debt, a source familiar with the matter told Reuters on Wednesday. The...
NatWest to sell HR consultancy unit Mentor in streamlining push
NatWest is selling its human resources advisory business Mentor to private equity-backed Empowering People Group, the British lender said on Wednesday, as it streamlines operations to focus on core banking and wealth...
Reliance Jio in talks with investors to sell 8% of individual stakes in IPO, sources say
Indian billionaire Mukesh Ambani’s Reliance Jio Platforms has held talks with 13 marquee foreign investors to sell down 8% of individual stakes in an upcoming Mumbai listing of the telecoms-to-AI company, sources...
China bars Manus co-founders from leaving country as it reviews sale to Meta, FT reports
China has restricted two co-founders of artificial intelligence startup Manus from leaving the country as regulators review whether Meta’s $2 billion acquisition of the firm violated investment rules, the...
Victory Capital abandons Janus Henderson bid, clearing path for Trian-led deal
Victory Capital said on Tuesday it had withdrawn its roughly $8.6 billion proposal to buy Janus Henderson, exiting a drawn-out bidding war hours after Nelson Peltz’s Trian Fund Management and General Catalyst...
Capricorn Energy confirms Dragon Oil’s proposal for Western Desert assets
Oil producer Capricorn Energy confirmed on Tuesday that it had received multiple proposals from Dragon Oil for the potential acquisition of its Western Desert assets. Capricorn did not disclose the proposed terms...
Australia’s Pepper Money knocks down $706 million takeover bid, cites execution issues
Australia’s Pepper Money said on Wednesday it has rejected the takeover proposal from Challenger as the offer was not “reasonably capable of execution”, a week after the bidders lowered the price...
Merck nears $6 billion acquisition of Terns Pharma to boost cancer portfolio, FT reports
Pharmaceutical company Merck is nearing a roughly $6 billion all-cash deal to acquire biotech firm Terns Pharma, the Financial Times reported on Tuesday, citing people familiar with the matter. The potential...
Hungary’s MOL has U.S. approval to continue NIS acquisition talks
Hungary’s MOL said it received U.S. approval to continue negotiations regarding the acquisition of a majority stake in Serbia’s NIS refinery, with the deadline for negotiations extended until May 22. In...
Estee Lauder in talks to merge with Jean Paul Gaultier-owner Puig in fragrance push
Estee Lauder is in talks regarding a potential business combination with Spanish beauty group Puig, the companies said on Monday, in a deal that would bring some of the world’s biggest beauty and fragrance...
Exor to generate $2.3 billion from stake sales in Iveco, GEDI, Lifenet and Nuo
Exor expects to rake in 2 billion euros ($2.32 billion) in proceeds this year from selling its stakes in four companies, the Agnelli family’s investment firm said on Monday. The firm has signed stake sale deals...
