The New York-based private equity firm offered around $5.1 billion for York Holdings, an entity due to be spun out of the Japanese owner of the 7-Eleven chain, while its Boston-based rival proposed around $8.4 billion.
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KKR and Bain each bid more than $5B for Seven & i assets
The New York-based private equity firm offered around $5.1 billion for York Holdings, an entity due to be spun out of the Japanese owner of the 7-Eleven chain, while its Boston-based rival proposed around $8.4 billion. Read here
MetLife Investment buys PineBridge for $1.2B
The asset management arm of US insurer giant MetLife has agreed to acquire the New York-based asset manager from Pacific Century Group, in a deal that excludes the firm’s private equity funds arm.Read here
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Blackstone, KKR, CVC hit by China’s IPO controls
Major private equity firms have faced significant obstacles in selling or listing their portfolio companies, with Beijing’s tightening restrictions and a decelerating economy affecting capital access.Read here
The Japanese carmaker’s shares climbed over 17%, the most since August, after it said it would repurchase up to $7 billion in shares by next December. Read here
Taiwan blocks Uber’s bid for Delivery Hero unit
The state’s antitrust regulator rejected the US ride-hailing services provider’s plan to buy the German online delivery company’s Foodpanda business for $950 million. Read here
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