European stocks traded higher on Monday, alongside U.S. equity futures, with investors encouraged by COVID-19 vaccine progress and hopes for a stimulus deal out of Washington. No collapse in Brexit talks also lifted sentiment. The Stoxx Europe 600 index XX:SXXP rose 0.8% after the index logged a 1% lossRead More →
© Reuters. Baring Private Equity closes Asia buyout fund at $6.5 billion HONG KONG (Reuters) – Hong Kong-based Baring Private Equity Asia closed its seventh private equity fund at $6.5 billion, its largest to date, the firm said Tuesday. The fund size exceeded Baring’s initial target by $1 billion andRead More →
Silicon Valley private equity firm Silver Lake Partners is reportedly buying a $500 million stake in Manchester City, at a valuation that would make the English soccer team one of the world’s most expensive sports franchises. The Financial Times first reported the deal, which it said is expected to beRead More →
We’ve got your market gloom for Wednesday. Global equities are down following fading trade-deal optimism after Beijing warned of retaliation over a Senate-approved bill to support Hong Kong human rights, and President Donald Trump threatened China with more tariffs. No doubt, geopolitical tensions look set to follow us right intoRead More →
With a few weeks left of 2019, the S&P 500 is up 23% and on track for the best annual return since 2013. That shouldn’t be a big surprise, given the records just keep coming. Onto our call of the day, from Citigroup’s chief U.S. equity strategist, Tobias Levkovich, whoRead More →
SHANGHAI (Reuters) – China’s e-commerce giant Alibaba Group Holding (N:) said on Friday it would invest an additional 23.3 billion yuan ($3.33 billion) to raise its equity stake in its logistics affiliate Cainiao Smart Logistics Network to 63% from 51%. The investment will go towards subscribing for newly issued CainiaoRead More →
SAO PAULO (Reuters) – Brazilian conglomerate Odebrecht SA, which has been in bankruptcy protection since June, has proposed to creditors a swap of their debt for instruments similar to equity, according to a statement on Monday. The instruments would give creditors the rights to receive proceeds of the asset salesRead More →
2/2 © Reuters. Juul brand vaping pens are seen for sale in a shop in Manhattan in New York City 2/2 (Reuters) – E-cigarette maker Juul Labs Inc has raised $325 million in an equity and debt offering, a regulatory filing showed on Monday, as the company looks to speedRead More →
© Reuters. Chinese private equity firm Centurium raises over $2 billion in debut fund HONG KONG (Reuters) – China’s Centurium Capital, a big backer of domestic startup Luckin Coffee, said it has raised more than $2 billion in its debut fund, giving the private equity firm more firepower to cutRead More →
© Reuters. A crane lifts a propeller to the top of a power-generating windmill turbine in a wind farm in Graincourt-Les-Havrincourt By Prudence Ho LONDON (LPC) – Private equity firms are under pressure to boost their use of environmental, social and governance (ESG) criteria as debt investors and limited partnersRead More →
© Reuters. FILE PHOTO: Deutsche Bank annual meeting in Frankfurt (Reuters) – Deutsche Bank (DE:) is planning to overhaul its trading operations, including the creation of a “bad bank” to hold tens of billions of euros of assets and shrinking or shutting its U.S. equity and trading businesses, the FinancialRead More →
© Reuters. The logo of The Carlyle Group is displayed at the company’s office in Tokyo By Kane Wu, Arno Schuetze and Junko Fujita HONGKONG/FRANKFURT/TOKYO (Reuters) – Global private equity firms Bain Capital, Carlyle Group (NASDAQ:) and KKR & Co are among potential bidders for Japanese conglomerate Hitachi Ltd’s chemicalRead More →
© Reuters. Navient rejects $3.2 billion takeover bid from Canyon Capital and Platinum Equity By Liana B. Baker (Reuters) – Student-loan servicer Navient Corp has rejected a $3.2 billion takeover bid from two investors as it believes the offer undervalues the company. Navient’s board voted on Monday to reject theRead More →
© Reuters. Private equity firms eye bonanza in India’s residential real estate space By Swati Bhat MUMBAI (Reuters) – India’s cash-starved residential real estate market is set to get a boost from foreign and domestic private equity firms, which are lining up big bets worth hundreds of millions of dollarsRead More →
© Reuters. FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain By Pamela Barbaglia LONDON (Reuters) – Barclays (LON:) is shifting some jobs in its London-based credit and equity derivatives sales teams to Paris as it reorganizes its operations ahead of Brexit,Read More →
© Reuters. Thoma Bravo raises $12.6 billion for latest private equity fund By Joshua Franklin (Reuters) – Thoma Bravo LLC, a private equity firm specializing in buying technology companies, has raised $12.6 billion for its latest flagship fund, the firm’s managing partner, Orlando Bravo, said on Monday, amid strong investorRead More →
