SINGAPORE (Reuters) – U.S. private equity firm Warburg Pincus is raising its stake in Asian real estate fund manager ARA Asset Management Ltd (ARA) to 48.7% from 30.7%, as it seeks to capitalise on rising investor interest in property funds, both firms said in a statement. “We look forward to leveraging our strong capital base […]
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PARIS (Reuters) – France’s business elite closed ranks around publishing group Lagardere (LAGA.PA) on Monday with LVMH’s Bernard Arnault and Vivendi’s (VIV.PA) Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital. The two billionaires bought shares in the group, which earlier this month survived Amber Capital’s most daring attempt yet […]
PARIS (Reuters) – Bernard Arnault, the billionaire behind luxury fashion group LVMH (LVMH.PA), has agreed to buy a stake in the holding company of fellow French billionaire Arnaud Lagardere, according to the holding companies of the two men. Lagardere’s eponymous publishing and media group, locked in a stand-off with activist investor Amber Capital over the […]
The town of High Level launched an online experience to mark the first anniversary of the Chuckegg Creek wildfire, which forced the evacuation of thousands of people. “The town council requested that we put together a celebration for the Chuckegg Creek wildfire anniversary, so we have been planning something for quite some time,” Clark McAskile, […]
Asian giant hornets have received plenty of media attention in recent days, due to the fear that a potentially dangerous invasive species has arrived in North America. In 2019, sightings of the giant hornet — Vespa mandarinia — were reported near White Rock, B.C., and Blaine, Wash., while a nest was destroyed near Nanaimo, B.C. […]
Changes and restrictions brought on by the COVID-19 pandemic are forcing charities to use creative ways to raise money to help serve those who count on them. “It’s been an extremely challenging time for the charitable sector at large,” said Pam Valentine, president and CEO of the Multiple Sclerosis Society of Canada. Like several other […]
Jo Dee Phoenix received a letter under her doorway on May 14, but dated May 9, saying she had until noon on Fri., May 22 to provide necessary documents or she would lose her rent-geared-to-income subsidy, which allows her to afford her unit at Tolpuddle Housing Co-op. The City of London says it’s communicated to […]
Wuhan, the city in China where the first cases of the novel coronavirus were reported late last year, has banned the eating of wild animals and is paying farmers to stop breeding exotic animals. It’s part of a crackdown following the quick spread of the highly contagious respiratory virus, which has been linked to China‘s […]
NEW YORK (Reuters) – U.S. insurance policy comparison website SelectQuote SLQT.N on Wednesday sold $570 million in stock as it priced shares in its initial public offering above its targeted range, according to a person familiar with the matter. SelectQuote sold 28.5 million shares at $20 each in the IPO, more than the 25 million […]
Carlyle's Africa dealmakers leave to start their own buyout firm
(Reuters) – Four dealmakers responsible for Carlyle Group Inc’s (CG.O) Sub-Saharan Africa Fund are leaving to launch their own firm, Carlyle said on Wednesday, in the latest private equity retreat from the continent. Carlyle will remain active in Africa with its other funds, including Carlyle International Energy Partners. But the Washington, D.C.-based firm said it […]