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PE-led consortium to take Hong Kong’s ESR Group private in $7.09bn deal

Private Equity Wire

A consortium led by private equity firms Starwood Capital Group and Warburg Pincus has made a HKD55.19bn ($7.09bn) bid to take Hong Kong-based real estate investment firm ESR Group private, according to a report by Reuters citing a company announcement on Wednesday. The offer represents a 55.7% The consortium stated that 51.2% per share.

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Toshiba says $13.5bn takeover bid by JIP succeeds, set to go private

Private Equity Insights

The Tokyo-based company’s delisting from the Tokyo Stock Exchange would close a troubled decade at the firm, marked by scandal, crippling losses and clashes with activist shareholders that have slowed the company’s ability to innovate. Source: BNN Bloomberg Can’t stop reading? s successful tender offer for Toshiba Corp.

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Why Investors Had a Meltdown Over Virgin Galactic's Reverse Split News

The Motley Fool

Hence the investors' knee-jerk reaction: selling Virgin Galactic stock on news of the reverse split. Under New York Stock Exchange rules, stocks must maintain share prices of $1 or more, or risk getting delisted. NYSE doesn't want a bunch of penny stocks cluttering up its feed, you see. Because it kind of had to.

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Sycamore vies to take Nordstrom private

Private Equity Insights

in afternoon trading on the New York Stock Exchange on Thursday on the news, giving the company a market value of about $3.3 Chief Executive Erik Nordstrom and other members of the Nordstrom family collectively own about a 30% stake in the Seattle-based company. Nordstrom shares rose 6% to $19.90 Nordstrom and other U.S.

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Bain’s Negotiation Stalled as Lufthansa Cancels $8.7bn Technik Sale

Private Equity Insights

Deutsche Lufthansa AG shelved a planned sale of a minority stake in its maintenance and repair subsidiary, the world’s biggest business of its kind that had attracted interest from several private-equity bidders. The stock has gained 3.6% The stock has gained 3.6% were among private equity firms weighing a bid for the unit.

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Bain Capital, CVC, and DCP Battle RGE for $3bn Tissue Maker Vinda

Private Equity Insights

The report comes after stock exchange filings showed RGE’s managing director Belinda Tanoto, the daughter of Tanoto, has built a 7 per cent stake in Hong Kong-listed Vinda via Beaumont Capital Fund in recent weeks. RGE said it declined to comment on market speculation.

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PE majors eyeing $15bn schools group Nord Anglia

Private Equity Wire

The report cites unnamed sources familiar with the process, as coffering that final bids for a majority stake in the London-based group are due later this month, potentially valuing the business at up to $15bn. Other bidders might still enter the fray, one source cautioned.