Edition:
United Kingdom

Private Capital

CORRECTED-UPDATE 1-United Wholesale agrees merger with Gores Holdings to go public

Sept 23 United Wholesale Mortgage (UWM) said on Wednesday it has agreed to go public by merging with special purpose acquisition company (SPAC) Gores Holdings IV Inc in a deal that will value the wholesale mortgage lender at $16.1 billion.

UPDATE 1-U.S. firm Valentus to raise capital for credit fund via digital currency sale

NEW YORK, Sept 23 U.S. investment firm Valentus Capital Management will raise part of a $250 million credit fund through the public sale of its own unique virtual currency, the company's top official told Reuters in an interview on Tuesday.

23 Sep 2020

U.S. firm Valentus to raise capital for credit fund via digital currency sale

NEW YORK, Sept 23 U.S. investment firm Valentus Capital Management will raise part of a $250 million credit fund through the public sale of its own unique virtual currency, the company's top official told Reuters in an interview on Tuesday.

23 Sep 2020

Playboy nears $425 mln deal to return to the stock market -sources

Sept 23 Playboy Enterprises is nearing a deal to go public through a merger with Mountain Crest Acquisition Corp , which would value the owner of Playboy magazine at around $425 million, including debt, people familiar with the matter said.

Regulatory News, IPOs, M&A 23 Sep 2020

Soccer-Serie A sets Sept. 30 bid deadline for media rights unit - sources

By Elvira Pollina, Clara Denina , Pamela Barbaglia and Elisa Anzolin

23 Sep 2020

UPDATE 2-Localiza, Brazil's largest car buyer, plans takeover of rival Unidas

SAO PAULO, Sept 23 Brazilian rent-a-car company Localiza has agreed to take over rival Unidas for roughly 12 billion reais ($2.18 billion), the companies said on Wednesday, creating a major player that could account for more than 10% of all cars sold in Brazil.

M&A, Regulatory News, 23 Sep 2020

Premier Oil seeks another price cut for BP North Sea deal -sources

LONDON, Sept 23 Struggling oil and gas producer Premier Oil has begun talks with BP to lower for the second time a $210 million deal to acquire stakes in two North Sea oilfields, sources told Reuters on Wednesday.

M&A, Bonds, Regulatory News, 23 Sep 2020

Vattenfall to focus on offshore wind power projects in Europe

OSLO, Sept 23 Vattenfall will focus on offshore wind power developments in Europe as the region seeks to boost green investments, instead of expanding globally, the Swedish utility said on Wednesday.

Regulatory News, 23 Sep 2020

Insurers' hedge fund investments may face chop after dismal pandemic performance

LONDON, Sept 23 Having complained for years about hedge funds' high fees and lacklustre performance, insurance firms may be preparing to cut allocations to the sector after its poor performance during recent market upheaval left many of them nursing losses.

Regulatory News, 23 Sep 2020

Hedge fund manager Alexander Klabin to invest in auction house Sotheby's

Sept 23 Hedge fund manager Alexander Klabin will invest in international art auction house Sotheby's and become the executive chairman of its art financing business, the company said on Wednesday.

23 Sep 2020