Equity Financing

ThyssenKrupp to raise EUR907 million in capital increase following Alabama plant exit

German industrial conglomerate ThyssenKrupp AG reportedly plans to put up for sale its 51.5 million new shares in a capital increase. The deal could bring in EUR907 million (USD1.23 billion) to the company.

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Klepierre exits four Norway shopping centers for EUR 247 million

Klepierre exited from its four Norway shopping centers in a deal worth EUR 247 million or USD 336 million. The real estate investment trust is the second largest publicly-traded shopping mall operator in Europe.

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State Bank of India to raise USD1.5 billion after its quarterly profit plunged

After posting its steepest quarterly profit decline in over two years, government-owned State Bank of India announced that it will raise INR95.76 billion via a share sale to investors or follow-on public offer.

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Rothschild launches UK asset management business, eyes infrastructure debt fund launch next year

After establishing its first merchant bank in the UK, Edmond de Rothschild Group has launched a new asset management business in London to upsize its assets under management and boost its presence in the UK capital.

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India's Videocon to seek shareholder nod to raise up to $800 mln

India's diversified Videocon Industries proposes to seek shareholder approval to raise up to 50 billion rupees. The funds could be raised through various means, such as the issue of shares or foreign currency convertible bonds.

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India revives plans stake sale of three firms to raise funds- report

A Bloomberg report cited officials from India's Finance Ministry who said the government plans to sell some of the stakes it holds in ITC Ltd, Axis Bank and Larsen & Toubro in order to gather funds.

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Beleaguered OGX seeks USD150 million in fresh capital from bondholders

Brazilian oil company OGX is reportedly in talks with bondholders about a USD150 million capital infusion in the struggling firm. OGX previously reported a loss of BRL2.1 billion and filed for bankruptcy with USD4 billion in debt.

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Canadian mining firm Trevali completes USD46-million financing

Canada-based base metals mining firm Trevali Mining Corp announced the closing of a USD46-million financing through the offering of 55.4 million of its shares priced at USD0.83 apiece.

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Alitalia raises EUR173 million in cash call, to receive the rest from postal service, others

Italian airline Alitalia said on Thursday that it was able to raise EUR173 million of EUR300 million it needed in its cash call from investors with help from Intesa Sanpaolo and UniCredit.

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Shore Capital unveils plans for new institutional-based fund next year, earns 67% IRR with Axela sale

Shore Capital Partners Managing Partner Justin Ishbia disclosed to Reuters' Private Equity (PE) Hub its plans to launch and institution-focused private equity fund next year.

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Krishnan to cut costs in Malaysian telcom Binariang GSM via potential USD1.9 bond sale - source

An unnamed source was cited by Bloomberg who said Malaysian billionaire Ananda Krishnan's Binariang GSM Sdn will decide whether to pursue its sale of around MYR6 billion or USD1.9 billion of Islamic bonds before the year ends.

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South Korean government upsizes IBK block sale to USD250 million

The government of South Korea has increased the offering size for a part of its stake in Industrial Bank of Korea (IBK) to USD250 million. Its finance ministry will be selling 23.24 million shares instead of the initial 13.16 million shares.

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Silver Lake looks to raise new USD1 billion technology fund

Technology-focused private equity firm Silver Lake Management LLC will raise a USD1 billion fund to be invested in mid-sized companies. The firm's Silver Lake Sumeru LP unit will run the new fund.

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