UK-based private equity firm Pollen Street Capital on Friday said that it will acquire financial software company Finastra’s global core banking software business Universal Banking (UB). The firms did not...
Reuters.com
Canada’s MDA Space to buy Blue Canyon in $620 million deal
Canadian space technology firm MDA Space said on Friday it would buy U.S.-based Blue Canyon Technologies from RTX’s Raytheon business for $620 million in cash, expanding its footprint in the U.S. defense space...
Investor opposition ends $1.2 billion PPHE-Fattal hotel deal talks
PPHE Hotel Group on Friday said a £920.9 million ($1.2 billion) takeover proposal from Israel’s Fattal Hotel Group has fallen through after opposition from the Amsterdam-headquartered company’s biggest...
Italy neutral on Monte Paschi, may sell its stake through share placement
The Italian government will take a neutral stance regarding merger and acquisition moves targeting bailed-out bank Monte dei Paschi di Siena (MPS), the economy minister told parliament on Thursday. Addressing lawmakers...
Ladbrokes-owner Entain explores options for CEE unit, sources say
Ladbrokes-owner Entain has begun exploring options for its joint venture in Central and Eastern Europe, including a possible sale, three people familiar with the matter said. Entain, which operates BetMGM in the...
Manus original investors plan to buy back AI firm from Meta for $2 billion, The Information reports
The early Chinese backers of AI startup Manus are planning to buy the company back from Meta at the $2 billion price that the Facebook parent paid, The Information reported on Thursday, citing two people with direct...
EQT buys Berlin-based SpaceX satellite launch partner Exolaunch
Private equity fund EQT is acquiring Berlin-based space company Exolaunch, which helps satellite companies launch into orbit by partnering with rocket operators such as Elon Musk’s SpaceX. The deal, announced by...
Rolling Stone magazine parent buys Vox Media in digital media expansion
Penske Media Corp said on Thursday it has acquired Vox Media, becoming the largest publisher in digital media, adding titles such as The Verge and Punch to a portfolio that already includes Rolling Stone, Billboard...
UK product testing firm Intertek agrees to $14.5 billion EQT buyout
Product testing firm Intertek has agreed to be taken over by Swedish private equity firm EQT for around £10.9 billion ($14.5 billion), including debt, the companies said on Thursday, following months of negotiations...
Carro enters Australia with CarPlace buy, expanding to eighth market
Singapore-based online car marketplace Carro has bought Australian used-car platform CarPlace, marking its entry into Australia and expanding its reach to eight markets, the company said on Thursday. Carro told...
KKR bets $1.4 billion on aircraft leasing, eyes airlines, Boeing and Airbus
Private equity firm KKR on Wednesday disclosed a $1.4 billion fresh bet on aircraft leasing with partner Altavair, as persistent supply shortfalls at Airbus and Boeing keep plane availability tight. Leasing companies...
Canada’s Keyera buys remaining 50% stake in KAPS pipeline for $861 million
Canada’s Keyera Corp said on Wednesday it has acquired the remaining 50% stake in the KAPS natural gas liquids pipeline from Stonepeak for C$1.215 billion ($860.97 million), taking full ownership of the...
