General Electric Co is nearing an agreement to sell its private equity lending unit to the Canada Pension Plan Investment Board, Canada's biggest pension fund, according to a source familiar with the matter.
Breaking News
The Canadian Pension Plan Investment Board will be opening an office in Brazil in April to bolster its investments in the real estate and infrastructure sectors, Reuters reported.
Dallas-based Neiman Marcus Group Ltd was given two weeks by Florida Attorney General Pam Bondi to answer questions about the cyber breach that happened during the holiday rush, Bloomberg reported.
Private equity-owned luxury retailer Neiman Marcus Group Inc said a cyber breach in the middle of December may have compromised some of its customer cards, Bloomberg reported.
Dexus Property Group and the Canadian Pension Plan Investment Board sweetened their bid for the property fund controlled by the Commonwealth Bank of Australia, Bloomberg reported.
A report from Cushman & Wakefield revealed that the private equity industry is still optimistic on the Indian real estate market, with private equity deals in the sector increasing 26% in the first nine months of this year.
CCPIB said that they are set to acquire a 27.6% stake in Aliansce Shopping Center SA.
