Brad Meikle
Several private equity firms are preparing to make offers to acquire enterprise software maker Informatica Corp, in what could be this year’s largest leveraged buyout, people familiar with the matter told Reuters.
In today’s deal news, Japanese etailer Rakuten Inc is buying ebook company OverDrive Inc, ETF provider Emerging Global Advisors is trying to sell a minority stake in its business, and regulators said Bank of America must allow shareholders to vote on a proposal for the company to spin off its investment banking business.
An increasingly popular legal strategy that allows hedge funds to make potentially lucrative bets on takeover deals, and get a return even if they lose, may be about to become much less attractive, Reuters reported.
reuteSome of the lowest valuations in decades and rising pressure on Africa’s gold producers to restructure or perish are likely to spur a wave of acquisitions in a sector attracting a growing number of potential buyers.
Shares in online car marketplace Auto Trader Group rose more than 16 percent after their debut in London on Thursday in Britain’s largest ever private equity-backed listing, Reuters reported.
The following bids, mergers, acquisitions and disposals were reported by Reuters and Buyouts sister publication PE HUB as of 2000 GMT on Wednesday, March 18, 2015.
More than half of the 17 senior managing directors working in Blackstone Group LP’s mergers and acquisitions advisory arm may leave as the business is combined with the advisory firm headed by star Wall Street investment banker Paul Taubman, according to people familiar with the matter told Reuters.
Private equity firm KKR & Co LP, search engine Baidu Inc and hedge fund Coatue said on Wednesday they will jointly invest $170 million in Chinese online used-car auction firm Uxin, aiming for a piece of the booming used-car market, Reuters reported.
The following bids, mergers, acquisitions and disposals were reported by Reuters and Buyouts sister publication PE HUB as of 1330 GMT on Tuesday, March 17, 2015.
Cerberus Capital Management and Solus Alternative Asset Management on Tuesday proposed a new plan to restructure bankrupt wireless venture LightSquared, with the support of billionaire Charles Ergen, LightSquared’s largest lender, Reuters reported.