Japan Post seeks to break up and sell Australia’s Toll

Japan Post seeks to break up and sell Australia’s Toll

Japan Post plans to break up and sell parts of Toll Group, the Australian logistics business it bought in an ill-fated $5bn acquisition in 2015, according to people with direct knowledge of the talks. The Japanese company — whose interests span banking, insurance and...
BC Partners to Split PetSmart, Chewy in $6 Billion Recap Deal

BC Partners to Split PetSmart, Chewy in $6 Billion Recap Deal

Three years after saddling PetSmart Inc. with debt to acquire online rival Chewy Inc., a group led by private equity firm BC Partners is splitting them in two, betting that the companies will be better off on their own. The group plans to recapitalize PetSmart with...
Triton takes Swedish IT consultant HiQ private in €387m deal

Triton takes Swedish IT consultant HiQ private in €387m deal

Private equity firm Triton Partners has completed the acquisition of listed Swedish IT company HiQ International for SEK 72 per share. The shares tendered in the public offer amount to 50.87 million shares, or 91% of the shareholding and voting rights in the company....
Wells Fargo Explores Asset-Manager Sale as Industry Consolidates

Wells Fargo Explores Asset-Manager Sale as Industry Consolidates

Wells Fargo & Co. is exploring the sale of its asset-management unit as the biggest banks choose paths of diving deeper into the business or getting out. The Wells Fargo unit could fetch more than $3 billion, according to a person briefed on the matter, who said...