AA suitors given takeover talks extension

AA suitors given takeover talks extension

US private equity firms vying to buy British roadside recovery group AA have been granted another month by regulators to strategise and make a bid for the debt-laden company. Bids for the London-listed company have been extended until 29 September, giving firms...
Online realty firm PropertyGuru raises $220 million from KKR, TPG

Online realty firm PropertyGuru raises $220 million from KKR, TPG

PropertyGuru Group, a Southeast Asian online realty company, has raised another $220.4 million from its existing investors KKR and TPG Capital, following its cancelled initial public offering (IPO) last year. “The additional investments from TPG and KKR will enable us...
Schlumberger sells fracking unit as oil price cripples demand

Schlumberger sells fracking unit as oil price cripples demand

Oilfield services firm Schlumberger agreed to sell its North America shale fracking business to rival Liberty Oilfield Services LBTR.N, unloading a unit that underperformed during the shale bust. The sale comes less than three years after Schlumberger sought to expand...