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I Squared Capital has reportedly made a non-binding offer for HKBN Ltd., potentially sparking a bidding war for the Hong Kong-listed broadband provider. The offer is said to be slightly higher than a previous bid by China Mobile, with talks ongoing and no final decisions made yet. HKBN, which offers internet and telecom solutions, has drawn interest from various investors, including I Squared and China Mobile. [Extracted from the article]

I Squared Capital has reportedly made a rival non-binding offer to acquire HKBN Ltd., a Hong Kong-listed broadband provider, potentially sparking a bidding war with China Mobile. The offer from I Squared is slightly higher than the one made by China Mobile last month. HKBN has also attracted interest from other investors, including IDG Capital earlier this year. The company offers internet, telecom solutions, data centers, and Wi-Fi services, with major shareholders including Canada Pension Plan Investment Board and Singapore's GIC Pte. [Extracted from the article]

Macquarie Asset Management has made a £701 million ($887 million) offer to acquire Renewi Plc, a London-listed waste management company, after a previous takeover attempt was rejected. The offer of 870 pence per share represents a 57% premium to Wednesday's closing price, and Macquarie has received commitments from major Renewi shareholders to support the potential offer. Renewi has agreed to give Macquarie access to due diligence and may recommend the offer, with a deadline for Macquarie to make a firm intention by Dec. 26. Macquarie's interest in Renewi comes after a previous unsuccessful bid in 2023, and Renewi operates waste collection and processing services in the Netherlands and Belgium, as well as recycling operations. [Extracted from the article]

Macquarie Asset Management is reportedly pursuing a fresh takeover of London-listed waste management company Renewi Plc after a previous offer was rejected. Renewi's shares surged 25% following the news, but there is no certainty that a deal will be reached. Macquarie has experience in the waste sector, having invested in similar businesses in Australia, the US, and the UK. [Extracted from the article]

Apax Partners and Warburg Pincus are considering an initial public offering (IPO) of Odido, a Dutch telecommunication business they acquired from Deutsche Telekom AG. The potential IPO, likely to be in Amsterdam, could value Odido at up to €7 billion ($7.3 billion). The business, formerly T-Mobile Netherlands, rebranded to Odido in 2022, has 8 million customers and plans to expand its services to more households. Private equity groups are preparing for a more favorable exit environment, with expectations of increased IPO activity in 2025. [Extracted from the article]

Private equity firm KKR & Co. and Japanese shipping company Mitsui OSK Lines Ltd. are reportedly among the bidders for LBC Tank Terminals, a bulk liquid storage company based in the Netherlands. Other potential bidders include VTTI Energy Partners LP, with indicative bids expected in December. The sale could value LBC at over €1.5 billion, with current owners APG Asset Management, Ardian SAS, and PGGM hiring Macquarie Capital to manage the auction process. LBC operates storage facilities for various liquid products in Europe and the US, with a storage capacity of 2.9 million cubic meters and approximately 500 employees globally. [Extracted from the article]

Starbucks is reportedly considering selling a stake in its Chinese operations to potentially grow its presence in the country. The company has informally engaged with advisors and potential investors, including domestic private equity firms. This move comes as Starbucks faces competition from local upstarts like Luckin Coffee Inc. and seeks to navigate the challenging Chinese market. The new CEO, Brian Niccol, is focused on understanding and improving the company's operations in China, exploring strategic partnerships for long-term growth. Other Western chains, like McDonald's and Yum!, have previously sold stakes in their Chinese operations to local partners to better cater to local tastes and tap into more growth opportunities. [Extracted from the article]

French fuel distributor Rubis SCA is reportedly considering a potential sale after a significant drop in its shares over the past six years. The Paris-listed company is in the early stages of exploring options and has engaged with potential buyers. Rubis distributes fuel products in Europe, Africa, and the Caribbean, and has faced pressure from activist investors to change its governance and strategy. Shareholders, including Canadian businessman Ronald Sämann and French billionaires Vincent Bollore and Patrick Molis, have expressed concerns about the company's management structure. [Extracted from the article]

Starbucks is reportedly considering selling a stake in its Chinese operations to explore growth opportunities in the country. The company has been in talks with advisers about potentially introducing a local partner and has informally gauged interest from investors, including domestic private equity firms. The move comes as Starbucks faces competition from local upstarts like Luckin Coffee Inc. and aims to better cater to Chinese tastes in a challenging market environment. [Extracted from the article]

China Mobile, the world's largest wireless carrier, is considering acquiring Hong Kong broadband provider HKBN Ltd. China Mobile's unit has made a non-binding proposal for a potential cash takeover bid, with negotiations ongoing regarding the terms, including price. While China Mobile has conducted due diligence and expressed willingness to pay at least HK$5 per share, there is no certainty that an agreement will be reached, as other suitors, including private equity firms, remain interested in HKBN. The potential acquisition would expand China Mobile's presence in Hong Kong, where it is also exploring other business opportunities. [Extracted from the article]

French fuel distributor Rubis SCA is considering a potential sale as its shares have dropped by more than half in the past six years. The company is working with advisers and reaching out to potential buyers, but a decision has not been finalized. Rubis has faced pressure from activist investors to change its governance and strategy, and has recently divested some assets while increasing investments in clean energy. The company's current ownership structure has been criticized, with calls for a corporate form that gives more power to shareholders. [Extracted from the article]

Japanese trading house Mitsui & Co. is reportedly the highest bidder for a stake in First Quantum Minerals Ltd.'s Zambian copper mines, surpassing a rival offer from Saudi Arabia's Manara Minerals Investment Co. Mitsui is considering purchasing a 20% interest in First Quantum's Sentinel and Kansanshi mines for around $2 billion. The potential deal is still in negotiation stages, with no guarantee of completion, as other parties may also be interested in acquiring a stake. The interest in copper mines is driven by the growing demand for copper in electric vehicles and renewable energy infrastructure, as new mines are not being developed at the same pace. [Extracted from the article]

China Mobile, the world's largest wireless carrier, is considering acquiring Hong Kong broadband provider HKBN Ltd. China Mobile's Hong Kong unit has made a non-binding proposal for a potential cash takeover bid, with discussions ongoing about the terms, including price. Other private equity firms have shown interest in HKBN, and there is no certainty that an agreement will be reached. The acquisition would expand China Mobile's presence in Hong Kong, where it is also exploring other business opportunities. [Extracted from the article]

Japanese trading house Mitsui & Co. is reportedly the top bidder for a stake in First Quantum Minerals Ltd.'s Zambian copper mines, offering around $2 billion for a 20% interest in the Sentinel and Kansanshi mines. Mitsui is in negotiations with First Quantum, but there is no guarantee of a deal. The interest in copper mines is driven by the growing demand for the metal in electric vehicles and renewable energy infrastructure, with Mitsui facing competition from state-backed entities in the Middle East and China. [Extracted from the article]

China Mobile, the world's largest wireless carrier, is considering a deal to acquire Hong Kong broadband provider HKBN Ltd. China Mobile has engaged in discussions with major shareholders of HKBN, including buyout firms MBK Partners and TPG Inc., offering at least HK$5 per share. While China Mobile is conducting due diligence and negotiating with shareholders, there is no certainty that an agreement will be reached. Other potential buyers, including private equity firms, are also interested in HKBN. The acquisition would expand China Mobile's presence in Hong Kong, where it is already pursuing other business opportunities. [Extracted from the article]

China Mobile, the world's largest wireless carrier, is reportedly considering a deal to acquire Hong Kong broadband provider HKBN Ltd. The potential acquisition is part of China Mobile's efforts to expand its presence in the city. Discussions are ongoing with major shareholders of HKBN, including buyout firms MBK Partners and TPG Inc., with China Mobile indicating a willingness to pay at least HK$5 per share for their holdings. Other private equity firms are also interested in HKBN, and negotiations are still ongoing with no certainty of a deal being reached. [Extracted from the article]

Ayvens SA, a French car-leasing business owned by Societe Generale SA, is reportedly attracting interest from investment firms like Blackstone Inc. and others after a decline in its stock value. Potential suitors may include industry players such as JA Mitsui Leasing Ltd. and investment firms like Brookfield Asset Management and CVC Capital Partners Plc. Societe Generale holds a majority stake in Ayvens, and discussions are ongoing about a possible takeover, although no final decisions have been made. The company, previously known as ALD SA, offers full-service vehicle leasing in 42 countries with a fleet of 3.4 million vehicles. [Extracted from the article]

TOMS Capital Investment Management has acquired a stake in WillScot Holdings Corp., a company that provides modular buildings and storage solutions. The activist investor is urging WillScot to consider conducting a strategic review. WillScot's stock has declined this year, and the company recently cut its revenue guidance due to challenges in non-residential construction. TOMS Capital's investment in WillScot follows a similar move in Kellanova, which was later acquired by Mars Inc. in a significant deal. [Extracted from the article]

Private equity firm ATL Partners is considering selling Global Critical Logistics, a company that provides freight forwarding and logistics for live entertainment events like music tours. The potential sale could be valued at over $1 billion, attracting interest from industry players and investment firms. This move comes amidst increased deal activity in the transportation and logistics sector, with other companies like RXO Inc. and GXO Logistics Inc. also exploring sales or acquisitions. Global Critical Logistics owns specialty transportation companies like Rock-It Cargo and Dietl, with offices in various countries worldwide. [Extracted from the article]

Wanda Group Co. is selling yachtmaker Sunseeker International Ltd., known for its boats featured in James Bond movies, to Lionheart Capital and Orienta Capital Partners for about £160 million. This sale marks a significant decrease from the amount Wanda paid for the company over a decade ago. Sunseeker, founded in 1969 in England, offers luxury yacht models and generated $350 million in revenue last year. [Extracted from the article]

Global Switch Holdings Ltd. is considering selling a majority stake in its UK business for approximately £1.5 billion ($1.95 billion) with the help of UBS Group AG. The company recently sold its Australian business for about A$1.9 billion ($1.3 billion) to focus on growth opportunities in new and existing markets. Global Switch, founded in 1998, operates data centers across Europe and Asia, including in London near Canary Wharf, and is currently developing a new data center in the city. [Extracted from the article]

Bloomberg reports that Blackstone Inc. is seeking bank funding for its acquisition of AirTrunk, bypassing private credit funds. Banks like Citigroup, DBS Group Holdings, and Deutsche Bank are in talks to provide A$5.5 billion in financing, offering more favorable terms than private lenders. This move highlights the dominance of banks in the Asia Pacific region, where private credit remains a niche market. Blackstone plans to roll over A$7 billion of AirTrunk's existing loans and expand its bank group for funding. [Extracted from the article]

DigitalBridge Group Inc. is considering selling Brazil's Scala Data Centers, potentially valued at over $2 billion. Scala, based in Sao Paulo and led by CEO Marcos Peigo, recently secured $500 million in financing for expansion in Latin America. Institutional investors are increasingly investing in data center businesses, making it a rapidly growing sector within real assets. [Extracted from the article]

China Tourism Group Corp. is exploring a potential deal to acquire control of Haichang Ocean Park Holdings Ltd.'s iconic theme parks in China. The state-backed tourism company is considering various options, including purchasing a stake in Haichang, making a take-private offer, or acquiring individual theme parks. While Haichang has seen increased visitor numbers, per-trip spending has decreased, leading to net losses since the pandemic. Haichang operates seven theme parks in China, including one in Shanghai that competes with Disneyland, and is planning to expand overseas with a theme park in Saudi Arabia by 2030. [Extracted from the article]

Private equity firms, including CVC Capital Partners and L Catterton, are reportedly bidding for German vitamin supplement maker Orthomol, seeking a potential sale of about €1 billion. The company, founded in 1991 by Kristian Glagau and currently owned by his son Nils Glagau, offers a range of supplements in over 30 countries. While Orthomol's earnings are over €60 million, some bidders may find the owners' price expectations challenging to meet. The process is ongoing, and decisions could change as discussions progress. [Extracted from the article]

Vantage Towers AG, a telecom tower owner backed by KKR & Co., is reportedly considering selling its assets in Spain, which could potentially fetch around €1 billion. The company, jointly owned by Global Infrastructure Partners and Vodafone Group Plc, has over 8,000 towers in Spain. Vodafone Spain, a major client of Vantage Towers, is urging the company to review its contract and reduce annual fees. [Extracted from the article]

Vantage Towers AG, a telecom tower owner backed by KKR & Co., is reportedly considering selling its assets in Spain, with a potential value of around €1 billion. The company, jointly owned by Global Infrastructure Partners and Vodafone Group Plc, has over 8,000 towers in Spain. Vodafone Spain, a major client of Vantage Towers, is pushing for a contract review and fee reduction. The Spanish tower market includes competitors like American Tower Corp, Cellnex Telecom SA, and Orange SA's Totem. [Extracted from the article]

Warburg Pincus is considering a potential buyout of German IT services company Nagarro SE, as reported by Bloomberg. The US-based firm is exploring the option of taking Nagarro private, although a final decision has not been made. Nagarro, which provides digital engineering services across various industries, has attracted interest from other buyout firms as well. The potential buyout has caused Nagarro's stock to surge, despite a recent revenue guidance cut. Germany has seen a significant increase in big-ticket acquisitions, with deal volumes exceeding $100 billion this year. [Extracted from the article]

Warburg Pincus is considering acquiring German IT services company Nagarro SE, as reported by Bloomberg. The US-based firm is exploring the possibility of taking Nagarro private, although a final decision has not been made. Nagarro, which was spun off from Allgeier SE in late 2020, offers digital engineering services across various industries and has approximately 18,300 employees in 37 countries. This potential buyout is part of a larger trend of significant acquisitions in Germany, with deal volumes exceeding $100 billion in the country this year. [Extracted from the article]

Nordic Capital, a private equity firm, is considering options for Swedish digital payments company Trustly Group AB, including a potential sale or initial public offering (IPO). The divestment strategy for Trustly, which could be valued at around $10 billion, is still in the preliminary stages, and a transaction is unlikely to occur before next year. Trustly operates a global open banking payments network that connects merchants with consumers and banks in over 33 countries, processing over $42 billion in annualized transaction volume. Nordic Capital acquired Trustly in 2018 and has since gained minority shareholders. [Extracted from the article]

Swedish online pharmacy Apotea AB is reportedly considering an initial public offering (IPO) in Sweden, with the potential to raise $200 million to $300 million. The company is working with advisers, including Carnegie Bank A/S, on the preparations for the IPO. European IPOs have been on the rise this year, with companies in the region raising over $18 billion through first-time share sales. Apotea, founded in 2011, is one of Sweden's largest online pharmacies, offering a range of products and medical advice. [Extracted from the article]

Tencent Holdings Ltd. and the Guillemot family, founders of Ubisoft Entertainment SA, are reportedly considering a buyout of the French video game developer after its market value dropped by over 50% this year. The Chinese tech company and Guillemot Brothers Ltd. have been in talks with advisers to explore options for stabilizing Ubisoft and increasing its value. One possibility being discussed is a joint effort to take the company private. Ubisoft shares rose by 33% in response to the news. Other alternatives are also being considered, and there is no certainty that a transaction will occur. [Extracted from the article]

Tencent Holdings Ltd. and the Guillemot family, founders of Ubisoft Entertainment SA, are reportedly considering a buyout of the French video game developer. This comes after Ubisoft's market value dropped by over half this year. The potential options being explored include taking the company private. Ubisoft's shares have fallen 54% in Paris trading, and some minority shareholders have been pushing for a sale or take-private. However, it is still in the early stages, and there is no certainty that a transaction will occur. [Extracted from the article]

Private equity firm Hg is considering selling French software company smartTrade Technologies, according to anonymous sources. Hg is working with advisors to prepare for a potential auction process next year, with smartTrade potentially being valued at around €1 billion ($1.1 billion). Hg first invested in smartTrade in 2020 and may retain a minority stake in the company after the sale. smartTrade provides electronic trading and payment platforms to financial clients and has subsidiaries in various global locations. [Extracted from the article]

French food catering firm Sodexo SA is considering acquiring US rival Aramark as part of its expansion plans. Sodexo has been in discussions about the potential purchase of Aramark, which caused Aramark's shares to rise by 13% in after-hours trading. However, Sodexo's shares dropped by 14% in early Thursday trading. Any potential deal would face antitrust scrutiny and require significant funds. Sodexo specializes in providing food services to institutions, businesses, schools, and hospitals, while Aramark provides catering services and facilities management to various sectors, including major sports events. [Extracted from the article]