BMO selling EMEA asset management business for $1.09 Billion

Bank of Montreal is shaking up its global wealth management operations. In a deal announced early Monday, BMO will sell its EMEA asset management business to Ameriprise Financial for $1.09 billion in cash. Ameriprise said in a release the deal allows it to add $124 billion in assets under management in Europe. The two companies […]

Cybersecurity Firm Darktrace Plans London Stock-Market Listing

British cybersecurity company Darktrace Plc announced plans for an initial public offering in London, adding to a surge in U.K. listings even after Deliveroo Holdings Plc flopped in its market debut. The company will sell new shares to fund product development, and some existing investors also will offer stock, Darktrace said in a statement Monday. […]

CVC-Backed Sisal to Bid to Run U.K. Lottery

Sisal, which runs SuperEnalotto in Italy, will lead a consortium including private equity firm CVC Capital Partners to bid to operate the National Lottery in the U.K., the Telegraph reported, without saying where it got the information. It will compete against the incumbent Camelot for a license that will run for 10 years from 2023. […]

Hammerson to sell seven retail parks to Canadian private equity player Brookfield

Hammerson has agreed to sell its retail parks to Canadian private equity firm Brookfield, after a difficult year for the group that saw the pandemic wipe £2bn from the retail landlord’s property portfolio. Brookfield will pay about £350m for seven retail parks, the Sunday Times first reported, providing some much-needed capital for the struggling business. […]

Mubadala discusses GlobalFoundries IPO at $20bn value

Abu Dhabi’s Mubadala Investment Co. has started preparations for a US initial public offering of chipmaker GlobalFoundries, people with knowledge of the matter said. The sovereign wealth fund has been having initial discussions with potential advisers about a listing of GlobalFoundries that could value the business at about $20bn, according to the people. It hasn’t […]

KKR and Bain Said Among Bidders to Advance on Rolls-Royce ITP Sale

Rolls-Royce Holdings Plc has whittled down the list of potential buyers for its ITP Aero division to suitors including KKR & Co. and Bain Capital, according to people familiar with the matter. The two private-equity suitors are among those who have advanced to the next round while bidders including Carlyle Group Inc. and CVC Capital […]

SIGNA Sports United in talks to go public through SPAC deal

Sporting goods retailer SIGNA Sports United, owned by Austrian investor Rene Benko, is in talks to go public through a merger with a blank check company in a deal that could value the firm at up to $4 billion, two people familiar with the matter said. SIGNA Sports United is working with several banks, including […]

Toshiba chairman issues cautious statement on CVC’s take-private offer

The chairman of Toshiba Corp’s board on Friday issued a statement on CVC Capital Partners’ recent offer to take the company private, saying it was unsolicited and that a deal would require various antitrust approvals and financing. “This initial proposal by CVC was completely unsolicited and not initiated by Toshiba,” board chairman Osamu Nagayama said. […]

Aramco Selling $12.4 Billion Stake in Oil Pipeline Rights Unit

Investors led by EIG Global Energy Partners LLC agreed to acquire a roughly $12.4 billion stake in a Saudi Aramco oil-pipeline rights company. The group will acquire a 49% equity stake in Aramco Oil Pipelines Co., a newly formed entity with rights to 25 years of rate payments for oil shipped through the Saudi oil […]