BEIJING (Reuters) – China’s Alibaba Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.58 billion). The 78.7% share represents holdings held by Alibaba subsidiaries, according to a filing to the Hong Kong…
(Reuters) -China’s WuXi AppTec said on Tuesday its subsidiaries have signed a deal with U.S.-based private equity firm Altaris LLC for the sale of its cell and gene therapy manufacturing unit, WuXi Advanced Therapies, for an undisclosed sum. The company, along with other Chinese firms, have been at the center of new U.S. laws aimed…
(Bloomberg) — This year is poised to be the busiest in nearly a decade for takeover deals involving a range of Hong Kong-listed companies, from skin-care brands to warehouse operators. Allied to that has been an uptick in bidding wars as some firms jostle for assets. Most Read from Bloomberg China Mobile Ltd.’s pursuit of…
Walgreens Stock Jumps On Report Of Potential Private-Equity Sale: What You Need To Know Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Walgreens Boots Alliance Inc (NASDAQ:WBA) shares are trading higher Tuesday afternoon following a report suggesting the company is in talks to be acquired by…
By Milana Vinn (Reuters) – Private equity firm Insight Partners is exploring a sale of Tricentis, in a deal that it is hoping could value the software provider for developer applications at more than $4 billion, according to four people familiar with the matter. Insight is working with investment bank Evercore to solicit interest from…