Iceland-based global biosimilar company Alvotech announced plans to invest USD250 million to develop and manufacture biopharmaceutical products in partnership with its independent sister company Alvogen.
Deals
Oxford Instruments increases Andor offer
Oxford Instruments on Friday upsized its bid for Northern Ireland's Andor Technology to GBP525 per share. Andor Technology turned down Oxford's previous offer of 500 pence per share in cash.
Carlyle prepares for $3B exit of specialty chemicals business PQ
Private equity firm Carlyle Group is mulling over an initial public offering or an outright sale of inorganic specialty chemicals producer PQ Corp. Sources said that the proposed deal could bring in USD3 billion.
Hellman & Friedman acquires controlling stake in Scout24 for €700M in debt financing
Britain's Barclays PLC, Japan's Nomura and the Royal Bank of Canada are leading the loan financing for Hellman & Friedman LLC's buyout of Scout24. The classified advertising business will be bought for EUR700 million in debt funding.
Jordan Co. sells chemical services company Haas Group for up to $700M
American private equity firm Jordan Company has put up for sale its chemical management business Haas Group International. Sources estimated that the deal could be valued in between USD500 million to USD700 million.
Latest News
Sketchfab, the online platform that can publish interactive 3D models, was able to raise USD 2 million in a round led by venture capital firm Balderton Capital.
According to the UK-based "Global State of Enterprise Mobility for the Past, Present and Future" report, mobile apps could be the most invested-in startups in 2014.
Philippine-based grocery chain Puregold Price Club Inc has purchased a 49.34% stake in supermarket chain San Roque Supermarket, with plans to increase Puregold's exposure in several Metro Manila areas.
UK asset manager Threadneedle Investments has increased its stake in AZ Electronic Materials to above 11% in a move that could block the GBP1.56 billion takeover bid from German drugmaker Merck.
Leveraged finance bankers are heading into 2014 with the same old nagging doubts about whether M&A will finally pick up, but this time round there is an even greater desire for a resurgence as refinancing opportunities fade.
Top U.S. cable provider Comcast Corp has tapped JPMorgan Chase & Co for advice as it evaluates a potential bid for Time Warner Cable Inc, people familiar with the matter said.Comcast brought in the bank to help review options as speculation about cable industry consolidation increased in the past several months, one of the people said.
Austin-based real estate investment firm World Class Capital Group announced today that it has acquired San Antonio shopping center Culebra Crossing for an undisclosed sum.
Mumbai-based startup Birds Eye Systems raised an undisclosed sum in a Series A round from Matrix Partners India for the expansion of its traffic monitoring brand Traffline.
Israel-based global buyout firm Apax Partners is planning to raise USD300 million for the country's first private equity fund dedicated to mid-market buyouts, sources familiar with the matter said.
