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May 24, 2022

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DigitalBridge buys data center company Switch for $11 billion

Reuters
May 11 (Reuters) – DigitalBridge Group Inc (DBRG.N) has agreed to buy data center operator Switch Inc (SWCH.N) for $11 billion, including debt, marking the latest deal in the digital asset sector that has attracted large private equity firms and infrastructure funds. Boca Raton, Florida-based DigitalBridge and Australian infrastructure investor......

EXCLUSIVE Musk in talks for new Twitter financing-sources

Reuters
Elon Musk’s Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register May 2 (Reuters) – Elon Musk is in talks with large investment firms and high net-worth individuals......

Tesco warns of lower profits as UK inflation squeeze tightens

Reuters
General view of a Tesco Extra store sign in Bletchley, in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers Register now for FREE unlimited access to Reuters.com Register Profit hits 2021-22 guidance, but now forecast to fall Uncertainty forces Tesco to give wider forecast range Says in ‘great shape’ to......

KKR to buy cybersecurity firm Barracuda from Thoma Bravo in deal worth about $4 bln

Reuters
April 12 (Reuters) – KKR & Co Inc (KKR.N) said on Tuesday it plans to buy cybersecurity firm Barracuda Networks from its private equity owner Thoma Bravo, highlighting continued interest in cybersecurity businesses from buyout firms. The announcement, confirming an earlier Reuters report, did not disclose financial terms. Sources who......

Credit Agricole stake in Italy’s Banco BPM sparks bid speculation

Reuters
Becomes No. 1 investor, analysts expect eventual full takeover Says it did not seek clearance to go above 10% Banco BPM looking for merger partner UniCredit had readied bid for Banco BPM before the war MILAN, April 8 (Reuters) – France’s Credit Agricole (CAGR.PA) has become the single largest investor......

Analysis: With capital markets jittery, private equity pounces to finance tech buyouts

Reuters
April 4 (Reuters) – When buyout firm Thoma Bravo LLC was seeking lenders to finance its acquisition of business software company Anaplan Inc (PLAN.N) last month, it skipped banks and went directly to private equity lenders including Blackstone Inc (BX.N) and Apollo Global Management Inc (APO.N). Within eight days, Thoma......

British insurer Aviva becomes second FTSE firm with female CEO, CFO

Reuters
The Aviva logo sits outside the company head office in the city of London, Britain March 7, 2019. REUTERS/Simon Dawson Register now for FREE unlimited access to Reuters.com Register Aviva names Charlotte Jones as CFO Second FTSE 100 firm after Natwest to have women CEO, CFO Jones will replace Jason......

Fashion startup Shein raising funds at $100 bln value – Bloomberg News

Reuters
A keyboard and a shopping cart are seen in front of a displayed Shein logo in this illustration picture taken October 13, 2020. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register April 3 (Reuters) – Chinese fast fashion e-commerce startup Shein is weighing a funding round at......

Toshiba’s top shareholder to sell stake if Bain launches tender offer

Reuters
Toshiba logos are pictured at Toshiba Corp’s annual general meeting with its shareholders in Tokyo, Japan, June 25, 2021. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com Register Effissimo Capital owns 9.9% of Toshiba Toshiba’s plan to split devices unit was voted down last week Another PE......

Fed will raise rates more aggressively if needed, Powell says

Reuters
U.S. Federal Reserve Chairman Jerome Powell testifies during the Senate Banking Committee hearing titled “The Semiannual Monetary Policy Report to the Congress”, in Washington, U.S., March 3, 2022. Tom Williams/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register March 21 (Reuters) – Federal Reserve Chair Jerome Powell......

Analysis: Western companies wrestle with Russia ‘half-exits’

Reuters
March 18 (Reuters) – Western companies that maintain a presence in Russia to provide essential goods such as food and medicines are trying to strike a balance between President Vladimir Putin’s government and advocates of Ukraine pulling them in opposite directions. More than 400 companies have withdrawn from Russia since......

Analysis: DIY investors eye quick buck in ‘uninvestable’ Russia

Reuters
Retail investors flock to plummeting Russia-focused stocks Evraz, Polymetal hit most-bought UK retail stock lists last week London-listed Evraz shares suspended Mar. 10, freezing holdings Markets regulator the FCA says it is monitoring the situation LONDON, March 18 (Reuters) – While the West’s big investors have ditched Russia in recent......

UniCredit, BNP Paribas detail hefty Russia exposures as markets rebound

Reuters
A UniCredit logo is sen in downtown Rome, May 10, 2016. REUTERS/Tony Gentile/ Register now for FREE unlimited access to Reuters.com Register UniCredit, BNP detail multi-billion euro Russia exposures BNP cuts Russia-based staff from IT, bolsters cyber defences S&P Global latest to suspend commercial operations in Russia European bank stocks......

Asset managers Carmignac and Fidelity Intl steer clear of Russian securities

Reuters
A view shows Russian rouble coins in this illustration picture taken March 25, 2021. REUTERS/Maxim Shemetov/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, March 7 (Reuters) – European asset managers Carmignac and Fidelity International will no longer buy Russian securities, they said on Monday, joining a string......

Italy’s TIM sets out standalone benefits but shares plunge

Reuters
Telecom Italia (TIM) General Manager Pietro Labriola poses for a portrait next to the company’s name at TIM headquarters in Rome, Italy, January 17, 2022. REUTERS/Guglielmo Mangiapane Register now for FREE unlimited access to Reuters.com Register TIM sets out value of standalone strategy Shares slide after record net loss Board......

European, U.S. bank shares recoup some losses; sector braces for slew of sanctions

Reuters
The financial district in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski Register now for FREE unlimited access to Reuters.com Register Details of European sanctions still work in progress Shares recover some of steep falls from Thursday JP Morgan highlights main risk of slower economic growth London Stock Exchange suspends VTB......

Australia’s Crown Resorts backs $6.3 bln Blackstone bid, ending Packer era

Reuters
Crown investors to get A$13.10 a share Latest proposal 10.5% higher than Blackstone’s first bid Offer provides “certainty of value” – Crown SYDNEY, Feb 14 (Reuters) – Crown Resorts Ltd (CWN.AX) backed a $6.3 billion buyout from private equity giant Blackstone Inc (BX.N) on Monday, giving billionaire James Packer an......

Mexican investment platform Flink to expand to Colombia this year

Reuters
MEXICO CITY, Feb 10 (Reuters) – Mexican investment platform Flink will begin operating in Colombia in June or July as part of its Latin America expansion plan, Chief Executive Sergio Jimenez said on Thursday. The platform, which enables subscribers to invest in fractions of shares of U.S. listed companies, will......

Australia’s AMP posts profit jump as fund management unit gets ‘enquiries’

Reuters
Feb 10 (Reuters) – Australian wealth manager AMP Ltd (AMP.AX) posted a jump in annual profit on Thursday and said it had received “enquiries” about its asset management arm, whose private markets business is set for a spin-off this year. The company, which has tried to turn itself around after......

India’s Livspace turns unicorn with $180 mln KKR-led funding

Reuters
Feb 8 (Reuters) – India’s Livspace said on Tuesday it crossed the billion-dollar valuation mark after raising $180 million in a late-stage funding round led by KKR & Co (KKR.N), as it looks to double down on international expansion and take on local competitors. The home renovation platform is the......

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