Suez board rejects Veolia’s takeover offer
French waste and water management firm Suez said on Friday its board had unanimously rejected Veolia’s offer of 18 euros per share, formalising opposition to a bid after months of wrangling between the rivals. Veolia has argued its bid, which values Suez at 11.3 billion euros ($13.7 billion), would help create a global champion to […]
Geely and Volvo to launch powertrain venture after merger scrapped
China’s Geely Automobile and its Swedish sister company Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations and expand cooperation on electric vehicles, the companies said. Geely and Volvo on Wednesday said they had decided to preserve their existing separate corporate structures after “a detailed review of combination […]
Italy’s Piaggio Aerospace invited five bidders to make purchase offer
Italy’s Piaggio Aerospace, which filed for protection from creditors late in 2018, said on Wednesday it had formally invited five bidders to make a purchase offer for the group. The deadline for the five bidders to file non-binding offers is set for March 5, the company said in a statement, adding they were interested in […]
Waterfield to raise fund worth $100 mn
The fund of funds to be raised from Indian family offices will help back successful homegrown PE and VC funds Multi-family office and advisory firm Waterfield Advisors is raising a $100 million fund of funds (FoF) from Indian family offices, which will back successful homegrown private equity (PE) and venture capital (VC) funds. A FoF […]
Intriva Capital acquires stake in MoneyPlus Group
Intriva Capital (Intriva), an independent alternative asset manager, has acquired a significant stake and supported a management buy-out in MoneyPlus Group (MoneyPlus), one of the UK’s largest providers of consumer debt advice Intriva will provide additional funding to further enhance the depth, breadth and value of services for MoneyPlus’ customers in a total investment program […]
Oghma Partners advises SimplyCook on sale to Nestlé UK
Oghma Partners has acted as the exclusive financial adviser to the shareholders of Direct-to-Consumer, UK-based, SimplyCook Limited (SimplyCook) on the sale of the business to Nestlé. The deal is the latest in Oghma’s healthy portfolio of successful cross-border, European transactions which have included advising Solina Group on the acquisition of UK-based Bowman Ingredients, and Givaudan […]
Anglo Pacific signs $205 mln Voisey’s Bay cobalt deal
Anglo Pacific has agreed to buy a share of cobalt production from Vale’s Voisey’s Bay mine in Canada, giving the mining royalty and streaming company exposure to the key battery metal for the first time, it said on Wednesday Under the deal, Anglo Pacific will buy a company holding a 70% interest in part of […]
Goldman-backed ReNew plugs into U.S. public market with $8 billion blank check deal
ReNew Power will go public through an $8 billion merger with a blank-check firm in the biggest deal in the fast-growing clean energy sector in India, allowing the country’s largest renewable energy firm to grow capacity over the next few years The deal will be financed with cash proceeds of $1.2 billion, including $855 million […]
Diligent acquires Galvanize
Diligent Corporation (Diligent), a governance company with a platform used by nearly 700,000 board directors and leaders, across 19,000 clients, is to acquire Galvanize, a global leader in SaaS governance, risk, and compliance (GRC) software. With the acquisition of Galvanize, Diligent will become the largest SaaS GRC provider. The combined solution with enrichment from Steele […]
Ontario Teachers fund to buy Carlyle’s majority stake in Logoplaste
Ontario Teachers’ Pension Plan Board will buy Carlyle Group’s majority stake in Logoplaste for an undisclosed value, the Portuguese plastic packaging maker said on Friday. Logoplaste said current shareholders and family owners Filipe de Botton and Alexandre Relvas will retain around 40% stake in the business. Carlyle had shortlisted BC Partners, Apax, Ontario Teachers and […]
