Nestle kicks off $5 billion sale of Pure Life, other water brands

Nestle kicks off $5 billion sale of Pure Life, other water brands

Nestle has kicked off the sale of its North American water brands including Pure Life and Poland Spring, according to four sources familiar with the matter, as the world’s largest food group continues to exit slow-growth businesses. The brands being sold, which...
Jack Ma’s Ant Group Raises IPO Valuation Target to $280 Billion

Jack Ma’s Ant Group Raises IPO Valuation Target to $280 Billion

Ant Group plans to increase the valuation target for its initial public offering to at least $280 billion due to strong demand, charging ahead with the sale even as the Trump administration weighs restrictions on the Chinese fintech giant, according to people familiar...
Solar power equipment maker Array raises $1 billion in IPO

Solar power equipment maker Array raises $1 billion in IPO

U.S. solar power equipment maker Array Technologies sold shares in its initial public offering (IPO) on Wednesday at $22 apiece, above its target range, raising $1.05 billion.  The offering of 47.5 million shares values Array, which is backed by U.S. private equity...
Levine Leichtman Capital Partners Europe II closes at €463m

Levine Leichtman Capital Partners Europe II closes at €463m

US mid-market firm Levine Leichtman Capital Partners (LLCP) has held a final close for its second Europe-dedicated private equity fund at €463m. The vehicle is a major step up from the firm’s predecessor fund, which closed at €100m in 2015 and, so far, has made four...