Japan’s Onward to sell Jil Sander to luxury group OTB
Japanese apparel group Onward Holdings is selling its Jil Sander brand to OTB, the Italian luxury conglomerate that also owns labels such as Maison Margiela and Marni. Onward, which depends heavily on sales at Japanese department stores and has struggled with pandemic-related store closures and weak consumer spending, said it aimed to shore up its […]
Aviva exits Italian market with $1.1bn Allianz, CNP deal
Global insurer Aviva has exited from the Italian market through a pair of deals with Allianz and CNP Assurances totaling €873 million ($1.1 million) in a bid to focus on its core businesses in the UK, Ireland and Canada. Allianz has agreed to acquire Aviva’s general insurance business Aviva Italia, the Italian P/C entity including […]
Aggreko board asks shareholders to light up private equity takeover
The board of Aggreko has recommended that its shareholders back a £2.3 billion takeover offer from a pair of private equity bidders. The provider of temporary power generators could be taken off the London Stock Exchange in the summer if investors support the deal. Analysts said that there appeared to be little chance of a […]
Los Angeles Fire & Police eyes up to $950 million in private equity commitments
Los Angeles Fire & Police Pensions plans to commit $700 million to $950 million to private equity in 2021, the $27.8 billion pension plan’s private equity strategic plan update shows. LAFPP committed $734.2 million to private equity in 2020. The plan had about $3 billion in private equity as of Sept. 30, representing 12.1% of […]
Sweden’s Nordax bids $2.1 billion for Bank Norwegian parent, shares jump
Sweden’s Nordax Bank offered on Thursday to buy Oslo-listed Norwegian Finans Holding, the owner of Bank Norwegian, in a cash transaction valued at 17.8 billion Norwegian crowns ($2.10 billion). Norwegian Finans shares surged 21% to trade at 99 crowns by 1057 GMT, above Nordax’s bid of 95, suggesting investors expect more bids could emerge. The […]
Deliveroo to deliver $7 billion dual-class London listing
Deliveroo plans a London stock market listing that could value the British food delivery firm at around $7 billion and mark the biggest new share issue in Britain in three years. The Deliveroo IPO is one of the most eagerly watched-for initial public offerings (IPOs) expected in London in the first half of 2021, after […]
Philippine food maker Monde Nissin files for up to $1.3 billion IPO
The Philippines’ Monde Nissin Corp, maker of ubiquitous Lucky Me! instant noodles, on Thursday filed for an up to 63 billion peso ($1.3 billion) IPO, in what is set to be the country’s largest-ever listing. The owner of meat alternative Quorn is seeking regulatory approval to sell as many as 3.6 billion primary shares at […]
Alphabet-backed Oscar Health raises $1.2 billion in IPO
Oscar Health Inc, a health insurance startup backed by Google parent Alphabet Inc, sold shares in its IPO on Tuesday at $39 apiece, above its target range, to raise $1.2 billion. The IPO gives New York-based Oscar Health a market value of $7.7 billion. The target price range on the offering of 31 million shares […]
Baseload Capital closes USD25m equity round led by Chevron
Baseload Capital, a Swedish company specialised in funding the deployment of heat power worldwide, has closed a USD25 million funding round with Chevron Technology Ventures as a new strategic investor. “In August, we announced that we were looking for a new strategic investor to help us accelerate deployment in our key markets,” says Baseload Capital […]
PQ Group Holdings to sell its performance chemicals unit for $1.1 billion
PQ Group Holdings Inc said on Monday it has agreed to sell its performance chemicals business, which makes cleaning and whitening agents for toothpastes and surface coatings, to a partnership formed by Cerberus Capital Management, L.P. and Koch Minerals & Trading LLC for a deal valued at $1.1 billion. The company, once the deal is […]
