by Amy-Jo Crowley in London, with analytics by William Cain Axel Springer is eyeing the acquisition of Scout24's auto division as the latter mulls a separation of its car and property classifieds operations, two sources familiar with the situation said. Scout24 has engaged in recent discussions about splitting its ImmobilienScout24 home listings in Germany and AutoScout24 car listings across Europe, the
by Claudia Montoto in Chicago and Richard Tekneci in London Bombardier is exploring a sale of its Belfast and Morocco aerostructures businesses with financial advisor Credit Suisse, said two sources familiar with the matter. Marketing materials have been sent to prospective buyers, said three additional sources familiar with the matter. In addition to Belfast and Morocco, Bombardier has included a Dallas
by Dayna Fields in Los Angeles Fajita Pete’s, a Houston-based restaurant franchise focused on delivery and take-out services, could be ready to entertain exit or minority investment discussions by 2021, said CEO Pedro “Pete” Mora. At that time, the company projects to generate roughly USD 25 to USD 30m in revenue and have roughly 35 stores open throughout Texas, said Mora,
by Patrick Harris Azuri Technologies, an Africa-focused pay-as-you-go solar company, is targeting a sale or IPO in three to five years’ time, with its interim financing needs covered by debt capital, said Chief Executive Officer Simon Bransfield-Garth. The topco equity investors will look for an exit opportunity at a certain date, and Azuri is working towards that
Kasia Patel Private equity and early stage investors are pouring more capital into prefabrication companies, which are fast disrupting the US construction industry, industry experts said.
by Ketaki Gokhale, with analytics by William Cain Swiss industrial conglomerate OC Oerlikon Corporation is looking to acquire companies that engineer and treat surfaces, and can spend up to CHF 2.5bn on a single acquisition, CEO Roland Fischer has told this news service. The Pfaeffikon, Switzerland-based company is exploring deals that would bolster its core surface solutions business, which manufactures
by Elizabeth Brahmana in Jakarta; Riddhima Saxena, Kainoa Blaisdell & Lizzie Ko in Singapore Diamond Cold Storage Indonesia (Diamond), a private Indonesian producer of milk and processed milk consumer products, is in talks with investors to sell an approximate 25% stake in the company, said seven sources familiar with the matter.
By Max Gonzales in Sao Paulo Neoway Business Solutions, a private equity-backed Brazil-based market intelligence software provider, plans to go public in the US in 2020, after closing a Series C round by late June to finance buys this year, said CEO Jaime De Paula. The Florianopolis-based company sees going public as “more likely” in 2020, after changing its initial IPO
By Bhavna Kaul and Jay Antenen in New York and Emily Fasold in Chicago Amadeus recently ended its pursuit of Shift4 Payments after the Spanish travel technology group was unable to meet Shift4’s valuation expectations, said five sources familiar with the matter. The Allentown, Pennsylvania-based fintech company has been looking to sell for more than USD 2bn, a tough ask for many suitors, some of the sources said. Shift4’s
by Gabriele Rutkauskaite in Sydney RYCO Hydraulics, a privately held Melbourne, Australia-based hydraulic hose and fittings manufacturer, has appointed Deloitte to find a majority stake buyer, according to two sources familiar with the situation.
