Arno Schuetze
Stories by Arno Schuetze
Advent sells coating resins maker Allnex to Thailand’s PTTGC for $4.75b
The deal values Allnex at 12.2 times its annual core earnings.
GIC-backed Japanese renewables firm JRE put up for sale
JRE is co-owned by Singapore's GIC, which took an undisclosed stake in 2017.
SoftBank-backed Kahoot plans $7b Oslo main market listing soon
The company currently has a listing on Oslo's Euronext Growth junior bourse.
Singapore’s GIC partners China’s CDH for Philips’ home appliances bid
The duo is facing competition from Hillhouse Capital and a consortium of Citic Capital, Sequoia and TCL Capital.
Delivery Hero expects to take an impairment of $1.7b on Woowa acquisition
The transaction, which has just received regulatory clearance, was signed in December 2019.
GIC-backed German fintech N26 eyes fundraising round before 2023 IPO
It is targeting breaking even on an operating level by end-2021.
KKR-owned UK waste management firm Viridor to sell recycling unit
Viridor was bought by KKR from British water utility Pennon for $5.4b in March.
Chinese FAW Group’s talks to acquire Italian truck major Iveco now on hold
FAW made a preliminary offer in July, valuing Iveco at a bit more than $3.5 billion.
ChemChina seeks funding from state-backed firms ahead of Syngenta IPO
The fundraising efforts and eventual stock market listing are designed to cut ChemChina’s debts.
China’s Huazhu to buy German luxury hotel group Steigenberger for $781m
Huazhu, based in China and listed in New York, operates hotels using a franchise model and on leased properties.