On Friday, the chairman of Toshiba Corp issued a statement stating CVC Capital Partners’ recent offer to take the company private, was unsolicited and would require various antitrust approvals and financing. “This initial proposal by CVC was completely unsolicited and… Read More ›
In a statement, U.S. auto parts maker Garrett Motion Inc said, it has filed for Chapter 11 bankruptcy protection, as its struggles with its heavy debt due to a payment settlement dispute with its former parent Honeywell International Inc. In… Read More ›
Private equity firm Silver Lake Partners aims to raise at least $16 billion from investors for its sixth flagship buyout fund despite prevailing uncertainties following the outbreak of the Wuhan Coronavirus, said sources familiar with the matter at hand. Investing… Read More ›
The potential deal is likely to be structured using Reverse Morris Trust – a tax-efficient way that companies typically use to sell of large assets. The potential deal is likely to be announced in the coming days. As per a… Read More ›
The private equity firm is close to acquiring StandardAero for more than $5 billion; once the deal is finalized an announcement is likely to be made as early as later this week. As per sources familiar with the matter at… Read More ›
Earlier the Trump Administration had blocked Broadcom’s $117 billion hostile bid to acquire Qualcomm Inc citing national security concerns. But since then in a cunning move, Broadcom has re-domiciled from Singapore to the U.S, which places it outside of CFIUS’… Read More ›
Habour Energy made it lucidly clear that it will no longer raise its bidding price prior to entering a Scheme Implementation Deed. On Monday, US private equity giant Harbour Energy stated its takeover proposal of $10.8 billion for Australia’s Santos… Read More ›
The move underscores Nestle’s desire to reshape its business to new consumer trends and healthcare as it finds ways to boost returns of investment to shareholders. On Monday, Nestle disclosed it has sold two of its tea brands in North… Read More ›
The development marks the latest purchase of a restaurant, in a streak of acquisitions by privately held firms in this industry. On Tuesday,, following Roark Capital Group’s disclosure that it will be purchasing Buffalo Wild Wings Inc for $2.4 billion,… Read More ›
The PIF is of strategic nature for Saudi Arabia since it is part of its economic reform plan. The fund aims to invest in educational and medical projects and create 20,000 jobs in the next two years. On Tuesday, the… Read More ›
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