Reuters - Deals Today

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Thursday, October 12, 2017

Bain Capital leads the charge as Japan's private equity dealmaking picks up

HONG KONG/TOKYO (Reuters) - Bain Capital is planning on further ramping up its dealmaking in Japan after it came out on top in the recent battle to purchase Toshiba's semiconductors arm and as it bids to buy out Japan's third-largest advertising agency, Asatsu-DK (ADK).

Lufthansa set to sign Air Berlin deal today: CEO

BERLIN (Reuters) - Lufthansa will sign a deal on Thursday to buy parts of its insolvent smaller German rival Air Berlin , Lufthansa's chief executive Carsten Spohr said.

Hochtief to decide next week on potential counterbid for Abertis: sources

FRANKFURT/DUESSELDORF (Reuters) - Germany's Hochtief , controlled by Spanish building and infrastructure company ACS , will decide next week whether to make an offer for toll road operator Abertis , people close to the matter said.

Rio Tinto's $2 billion coal assets attract investor consortium: sources

LONDON (Reuters) - A group of investors including buyout firm Apollo and pension fund Canada Pension Plan (CPP) is bidding for coal assets put up for sale by mining giant Rio Tinto , which could fetch $2 billion, sources familiar with the matter told Reuters.

Lloyds buys Zurich UK's pensions, savings business

LONDON (Reuters) - Lloyds Banking Group has agreed to buy Zurich Insurance's UK workplace pensions and savings business as it expands its retirement business, the bank said on Thursday.

James Murdoch wins backing of Sky shareholders to stay as chairman

LONDON (Reuters) - A majority of independent votes cast at the annual shareholders' meeting of Sky on Thursday supported the re-election of James Murdoch as chairman, a spokesman for the European pay TV group said.

China's CEFC set to raise $5.1 billion from VTB for Rosneft deal: sources

BEIJING/HONG KONG (Reuters) - CEFC China Energy is set to raise $5.1 billion in short-term loans from VTB , Russia's second-biggest lender, to part finance its $9.1 billion purchase of a stake in Rosneft Oil , three people with knowledge of the matter said.

Elliott again ups Hitachi Kokusai stake, KKR raises offer price

TOKYO (Reuters) - U.S. hedge fund Elliott Management Corp has raised its stake in Japan's Hitachi Kokusai Electric to 8.59 percent from 7.11 percent, a regulatory filing showed, one of several such hikes since it first disclosed a stake in the firm last month.

CVC and Tethys Invest in exclusive talks for Sebia majority stake

LONDON (Reuters) - Buyout fund CVC Capital Partners' strategic opportunities platform and the L'Oreal family's Tethys Invest have entered exclusive talks to acquire a majority stake in France's Sebia, the companies said on Thursday.

Australian hotel group Mantra rolls out the carpet for Accor's $920 million bid

SYDNEY (Reuters) - Mantra Group Ltd on Thursday agreed to a A$1.18 billion ($920 million) buyout from French hotel company Accor SA , a deal which will create the biggest hotel group in Australia where tourism is rising sharply.