Global Infrastructure Partners (GIP) has mandated Morgan Stanley and Japan’s Mitsubishi UFJ Financial Group to manage the sale of a controlling stake in Vena Energy, in a deal that could value the Singapore-based...
Steven Madden to buy UK-based luxury shoe brand Kurt Geiger in $360 million deal
Shoe designer Steven Madden said on Thursday it would buy UK-based luxury brand Kurt Geiger in an all-cash deal valued at 289 million pounds ($360.09 million), expanding its presence in international markets. The New...
AsiaPak Investments, Montage Oil bid for 75% of Lotte Chemical Pakistan
AsiaPak Investments, a private investment firm with operational assets in Pakistan and Hong Kong, and Middle Eastern oil and gas company Montage Oil have bid for a 75.01% stake in Lotte Chemical Pakistan, per a notice...
Buyout firms vie for cybersecurity firm Trend Micro
Bain Capital, Advent International and EQT AB are among the private equity firms competing to acquire Japanese cybersecurity firm Trend Micro, which has a market value of 1.32 trillion yen ($8.54 billion), according to...
Validus Energy to buy natural gas producer 89 Energy III for $850 million, sources say
Privately owned U.S. oil and gas producer Validus Energy has struck a deal to buy rival 89 Energy III for about $850 million, including debt, sources familiar with the matter told Reuters. The deal adds more than 25,000...
Portugal’s government seeks political deal to sell minority stake in flag carrier TAP
Portugal’s centre-right minority government wants to reach an agreement on a partial privatisation of national airline TAP with the main opposition Socialists, aiming to sell a minority stake of up to 49%...
United Group sells Serbia Broadband to e& PPF Telecom Group, disposes other assets
Balkan telecoms and media company United Group has agreed to sell its broadband provider Serbia Broadband to e& PPF Telecoms Group and other assets to Telekom Srbija in a deal with an enterprise value of 1.5 billion...
Restaurant chain Dave’s Hot Chicken explores sale, sources say
Dave’s Hot Chicken, which counts rapper Drake among its investors, is exploring a potential sale that could value the popular restaurant chain at about $1 billion, including debt, people familiar with the matter said on...
Elliott builds $2.5 billion stake in Phillips 66, pushes for midstream business sale
Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 billion in U.S. refiner Phillips 66, and plans to push for operational changes and the sale of the company’s midstream business...
No decision on stake sale in Unicredit, Delfin source says
The Del Vecchio family’s holding, Delfin, has not yet made a decision on a possible sale of its 2.7% stake in UniCredit and has “full confidence” in the leadership of the Italian bank’s CEO...
Spirit Airlines rejects acquisition offer from Frontier Group again
Spirit Airlines on Tuesday rejected Frontier Group’s acquisition offer, worth about $2.16 billion, saying the bid from its fellow ultra-low-cost carrier was less beneficial to shareholders than its ongoing...
How Nissan and Honda’s $60 billion merger talks collapsed
Nissan was deep in trouble late last year when rival Honda offered a lifeline: a $60 billion tie-up that would help both Japanese automakers compete against the Chinese brands upending the car industry. Years of...
