M&A Editorial News

Huazhu announces takeover of hotel group

Huazhu Group, through its subsidiary Huazhu Hotel Management, is to acquire the China-based Blossom Hill Hotel & Resorts company for CNY 462.90 million (USD 67.22 million)....

Posted on Wed, 15 Aug 2018 14:59:07 GMT | Read more...

Mojo gets picked up by CFG

Cooks Food Group (CFG) has entered into a conditional agreement to acquire New Zealand-based coffee chain Mojo Coffee Cartel for NZD 19.00 million (USD 12.51 million) in cash and shares....

Posted on Wed, 15 Aug 2018 14:45:44 GMT | Read more...

Corona manufacturer taps into cannabis market with USD 5bn investment in Canopy

Constellation Brands, best known for being a leader in the beer, wine and spirits sector, is increasing its holding in Canadian medical and recreational cannabis company Canopy Growth in a deal worth CAD 5.00 billion (USD 3.82 billion). ...

Posted on Wed, 15 Aug 2018 14:08:02 GMT | Read more...

Exyte chips away at German IPO: Reuters

Four underwriters are working on an initial public offering (IPO) that could value Exyte at between EUR 2.50 billion and EUR 3.00 billion, sources with knowledge of the process told Reuters....

Posted on Wed, 15 Aug 2018 13:48:12 GMT | Read more...

New York Media could go on the block: sources

US magazine publisher New York Media could be the latest company in its sector to be put up for sale, according to multiple reports....

Posted on Wed, 15 Aug 2018 13:47:30 GMT | Read more...

Chong Hing Bank in USD 656mn cash call

Chong Hing Bank is chasing a stronger capital adequacy ratio position to support ongoing growth by tapping shareholders for HKD 5.15 billion (USD 656.30 million) as well as raising HKD 1.00 billion in a private placement....

Posted on Wed, 15 Aug 2018 13:35:28 GMT | Read more...

MedEquities reviewing its options: Bloomberg

MedEquities Realty Trust, a real estate investment trust (REIT) for the healthcare industry, is said to be considering a potential sale and is working with an advisor to help evaluate alternatives, people familiar with the matter told Bloomberg. ...

Posted on Wed, 15 Aug 2018 13:08:04 GMT | Read more...

Haidilao could rack up USD 1bn in IPO: Bloomberg

China’s largest hot pot restaurant chain by 2017 revenue has an upcoming meeting with the Hong Kong bourse’s listing committee regarding an initial public offering potentially worth up to USD 1.00 billion, Bloomberg reported....

Posted on Wed, 15 Aug 2018 12:10:21 GMT | Read more...

‘Patria mulling CESP bid’

Brazilian asset manager Patria could decide to make an offer for Companhia Energetica de Sao Paulo (CESP), one person in the know told Reuters....

Posted on Wed, 15 Aug 2018 11:53:21 GMT | Read more...

Ucommune eyes a series D funding round: Bloomberg

Unicorn club member Ucommune has just raised CNY 300.00 million (USD 43.50 million) and yet, China’s largest co-working space provider’s founder told Bloomberg a series D financing round is on the cards....

Posted on Wed, 15 Aug 2018 10:59:14 GMT | Read more...

Blackstone considering buying stake in Jet Airway’s loyalty unit: Bloomberg

Blackstone has expressed interest in buying a portion of Jet Privilege, the frequent-flier loyalty programme of India’s Jet Airways, in a deal that could value the target at between INR 30.00 billion and INR 40.00 billion (USD 428.67 million and USD 571.56 million), Bloomberg reported. ...

Posted on Wed, 15 Aug 2018 10:38:08 GMT | Read more...

Veritone snatches up Wazee

Veritone has announced it is buying Wazee Digital, which it describes as a leading provider of cloud-native video management and licensing services, for USD 15.00 million....

Posted on Wed, 15 Aug 2018 10:19:37 GMT | Read more...

Venus takes Hong Kong IPO to heart: Bloomberg

Hong Kong’s revamped rules regarding unprofitable biotechnology initial public offerings (IPOs) has attracted another listing hopeful, namely the Chinese medical device manufacturer Venus MedTech, sources told Bloomberg....

Posted on Wed, 15 Aug 2018 09:58:22 GMT | Read more...

Ucommune aiming for 2019 IPO: founder

Fresh from completing a funding round with a valuation of USD 1.80 billion, the founder of Ucommune told Bloomberg an initial public offering in Hong Kong next year would fund the next stage of expansion....

Posted on Wed, 15 Aug 2018 09:56:45 GMT | Read more...

Diamondback, Energen in USD 9.2bn deal

Diamondback Energy is taking Energen private in a strategic all-scrip acquisition worth USD 9.20 billion to create the eighth-largest US large capitalisation Permian independent by enterprise value of USD 27.00 billion....

Posted on Wed, 15 Aug 2018 09:07:21 GMT | Read more...

Sinochem to exit WEPEC: Reuters

Two shareholders are looking to pull out of Dalian West Pacific Petrochemical (WEPEC), the first Sino-foreign oil refinery in China, which is struggling to get a grip on spiralling debt, sources told Reuters....

Posted on Wed, 15 Aug 2018 06:06:57 GMT | Read more...

Golden Leaf to buy Tahoe

Golden Leaf Holdings has announced plans to expand its portfolio by buying Nevada-based cannabis cultivation company Tahoe for CAD 52.40 million (USD 39.86 million)....

Posted on Tue, 14 Aug 2018 14:20:05 GMT | Read more...

Coca-Cola taking BodyArmor stake

US soft drinks giant Coca-Cola has agreed to pick up an undisclosed minority shareholding in BodyArmor, a maker of sports performance and hydration beverages....

Posted on Tue, 14 Aug 2018 13:37:26 GMT | Read more...

NIO powers towards New York listing

China’s Tencent-backed electric vehicle (EV) maker NIO has officially unveiled an initial public offering (IPO) filing with a USD 1.80 billion placeholder to finance expansion and the development of new products....

Posted on Tue, 14 Aug 2018 13:33:34 GMT | Read more...

PVR snatches up SPI multiplex

PVR Cinemas is buying a majority stake of 71.6 per cent in one of Chennai’s largest multiplexes, SPI Cinemas, for an aggregate INR 6.33 billion (USD 91.54 million)....

Posted on Tue, 14 Aug 2018 12:32:31 GMT | Read more...

Musk says he is working with advisors and has “secured” funding for USD 72bn go-private deal for Tesla

Elon Musk, head of one of the world’s largest luxury electronic car makers, has put further fuel on the fire that a deal to take Nasdaq-listed Tesla private is going ahead. ...

Posted on Tue, 14 Aug 2018 11:31:00 GMT | Read more...

Carlyle preparing to float Atotech: Reuters

Private equity giant Carlyle has begun preparations to list German speciality chemicals firm Atotech, according to Reuters....

Posted on Tue, 14 Aug 2018 11:28:42 GMT | Read more...

Everbright to raise USD 1.26bn

China Everbright International lost a little over a fifth of its market value in just one day of trading after announcing plans to tap shareholders for a total HKD 9.91 billion (USD 1.26 billion)....

Posted on Tue, 14 Aug 2018 10:15:43 GMT | Read more...

China Literature content to strike deal for NCM

China Literature is buying New Classics Media (NCM) in what Zephyr, the M&A database published by Bureau van Dijk, shows will be the third-largest acquisition targeting the motion picture and video industries announced so far this calendar year....

Posted on Tue, 14 Aug 2018 10:15:07 GMT | Read more...

Thoma Bravo agrees deal for Quorum

Silver Lake Partners has reached an agreement to sell its Quorum Software operations to Thoma Bravo for an undisclosed amount. ...

Posted on Tue, 14 Aug 2018 09:54:14 GMT | Read more...