Brad Meikle
Banks have lined up 2.2 billion euros ($2.48 billion) of loan and bond financing to back private equity firm Apollo Global Management’s acquisition of Saint-Gobain’s glass bottle unit Verallia, banking sources told Reuters on Thursday.
Spanish drinks company J.Garcia Carrion, owner of the Don Simon juices brand, wants to find a financial partner, a senior executive told Reuters on Thursday, part of plans to expand internationally.
Sovereign wealth funds are relying more on in-house expertise to manage their funds in a drive to bring down costs and improve performance in the low-yield environment, according to a report by Invesco Asset Management released on Wednesday, Reuters reported.
Bain Capital, Advent International and Clessidra are considering a bond issue of up to 1bn to back their acquisition of Istituto Centrale delle Banche Popolari Italiane (ICBPI), according to market sources, Reuters reported.
Bahrain-based Islamic investment firm Arcapita said on Wednesday it had sold its real estate portfolio of retirement communities across the United States to NorthStar Healthcare Income Trust for $640 million, Reuters reported.
The Canada Pension Plan Investment Board (CPPIB), already a major global investor, has signaled even greater ambitions with a $12 billion transaction with GE Capital that insiders and advisors said may herald larger deals, Reuters reported.
Famed U.S. gun maker Colt appears to be headed into a bankruptcy duel in the coming week if its private equity backers and bondholders cannot overcome widely differing views on the best way to heal the company’s financial wounds, Reuters reported.
Canada Pension Plan Investment Board (CPPIB) said it has agreed to buy GE Capital’s private equity lending portfolio for $12 billion, in a deal that will greatly expand the largest Canadian pension fund’s lending business, Reuters reported.
General Electric Co is near a deal to sell its private equity lending unit to the Canada Pension Plan Investment Board (CPPIB), a person familiar with the matter told Reuters, as the conglomerate takes a big step in a planned massive pullback from its finance operations.
Troubled British retailer Tesco has hired HSBC to explore a sale of its South Korean operations, valued at about $6 billion, people familiar with the matter told Reuters on Thursday.