KKR-backed SMCP might file for IPO


French clothing retailer SMCP could sell shares in an initial public offering by the summer after doubling its sales over the past three years. It took the first step to a possible IPO in the first half of this year by filing a registration document with the French market regulator, said CEO Daniel Lalonde

Japan’s Repro raises $2.6m for US expansion from Jafco, Voyage

Japanese mobile analytics provider Repro has raised JPY300 million ($2.6 million) in a round led by Jafco Co Ltd and Voyage Ventures. The funding will be used by Repro to expand in the United States, said a report in The Bridge. The Tokyo-based company had previously raised 100 million yen ($835,000)… Read more »

Vivint Solar ends $2.2b merger with SunEdison

Rooftop solar panel installer Vivint Solar Inc said on Tuesday it had terminated an agreement under which it would have been taken over by solar energy company SunEdison Inc after SunEdison failed to consummate the deal.

Polish lender Alior keen to buy rival Bank BPH from GE

GE’s 87 per cent stake in Bank BPH has a market value of 2.2 billion zlotys ($550 million).

LSE-Deutsche Boerse merger would signal end to stock exchange mega-deals

The two companies will seek to overcome the kind of regulatory concerns that scuppered Deutsche Boerse’s attempt to merge with NYSE Euronext four years ago, a deal blocked because it would have created a near-monopoly one exchange-traded derivatives in Europe.

Toshiba to name bidder for healthcare unit; Canon, Fujifilm front-runners

Toshiba Corp plans an extraordinary executive meeting on Wednesday, indicating the troubled conglomerate will settle on a preferred bidder for its healthcare unit, two people with knowledge of the process said on Monday. Canon Inc and Fujifilm Holdings Corp are considered the front-runners with the highest bids, three people familiar with… Read more »

U.S. Commerce Dept to place export restrictions on China’s ZTE for Iran violations

The U.S. Commerce Department is set to place export restrictions on Chinese telecoms equipment maker ZTE Corp for alleged violations of U.S. export controls on Iran, according to documents seen by Reuters. The restrictions will make it difficult for the company to acquire U.S. products by requiring ZTE‘s suppliers to apply… Read more »

Wells Fargo searching for rainmaker in bid to boost dealmaking franchise

Wells Fargo & Co, in a bid to boost its dealmaking franchise, is hunting for a new head of mergers and acquisitions, according to people familiar with the matter. The bank’s existing head of mergers, John Laughlin, has moved to a vice chairman role, a spokeswoman said. Wells is looking… Read more »

Australian forex broker Pepperstone secures investment from CHAMP

Pepperstone was founded in 2010 by Owen Kerr and Joe Davenport and since then has grown into one of the top 10 FX brokers globally.

T Rowe Price to vote against key directors at super-voting share companies

Major U.S. corporations from Viacom Inc to Facebook Inc have classes of shares that give founders, CEOs and other insiders extra influence, creating a long-running debate over the balance of power between them and outside investors