What do a bid for Italy’s biggest highway operator involving Macquarie and Blackstone and a hedge fund’s campaign for board seats at the country’s top telecoms group have in common? The answer is Cassa Depositi e Prestiti (CDP) featured in both. The...
U.S. asset manager Waterfall has agreed to buy UK firm Alternative Credit Investments (ACI) for 639 million pounds in cash, the companies said on Tuesday. The acquisition price of 870 pence per share represents a premium of around 5.1% to the closing price of 828...
G4S rejected a £3.3bn bid from US rival Allied Universal last week, turning away a second suitor in the takeover battle for the world’s biggest security company. The British company is publicly fighting a lower £3bn hostile bid from Canada’s GardaWorld. It said it had...
A sufficient number of creditors of indebted Premier Oil have approved a proposed merger with private equity backed Chrysaor to create the British North Sea’s biggest oil and gas producer, Premier said on Tuesday. The reverse takeover, which will see Premier’s...
It seems like SoftBank and the Mubadala Corp. aren’t finished taking big swings at the commercial real estate business in the U.S. Even after the collapse of WeWork, the investors are doubling down on a similar business model as part of a syndicate investing $700... 