Boston Scientific to expand in Europe with Symetis buy
Boston Scientific Corp said on Thursday it would buy Swiss medical device maker Symetis SA for $435 million, a deal that will help the U.S. company expand in the European market.
KKR & Co LP (KKR.N) has agreed to make a US$40 million follow-on investment in China-focused water treatment and recycling company United Envirotech (UNIT.SI) through a share purchase, the companies said in a statement on Tuesday.
KKR will buy shares in the Singapore-listed firm at S$0.50 per share, which represents an 8.5 percent premium to the volume weighted average price for the last 30 trading days, they said.
At that price the $40 million investment would give KKR shares amounting to 20.6 percent of the shares already in issue, according to Thomson Reuters' data.
In 2011 the U.S. private equity firm, which manages about $66 billion globally, invested $113.8 million in United Envirotech through convertible bonds.
The latest proceeds investment will be used to fund the acquisition of water treatment plants, upgrading of existing plants and working capital, both the companies said.
United Envirotech provides engineering services to municipal and industrial waste water treatment projects, and also operates a portfolio of waste water treatment plants across China.
(Reporting by Indulal PM; Editing by Greg Mahlich)
JERUSALEM With the ink barely dry on the $15 billion sale of his autonomous driving technology firm Mobileye to Intel , inventive Israeli entrepreneur Amnon Shashua now has his sights set on taking another start-up public by the end of next year.
LONDON U.S. stock exchanges should not attempt to buy Deutsche Boerse , the German exchange whose bid to merge with its London counterpart has just collapsed, a senior German politician said on Thursday.