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Hedge fund sells minority stake in Co-op Bank to US private equity

While the value of the deal was not disclosed, it marks another important change in the ownership of the bank.

Windsor Private Capital Acquires 10% Stake in Trez Capital Senior Mortgage Investment Corporation

Windsor Private Capital Acquires 10% Stake in Trez Capital Senior Mortgage Investment Corporation
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South Korea s Coupang Seeks Up to $3 6 Billion in New York IPO

(Bloomberg) South Korean e-commerce giant Coupang Inc. is seeking to raise as much as $3.6 billion from an initial public offering in New York, which will rank as one of the largest-ever Asian listings in the U.S.Seoul-based Coupang and some existing shareholders are offering 120 million shares at $27 to $30 each, according to a filing Monday. At the top end of the range, Coupang will be valued at as much as $51 billion based on the number of shares outstanding.Founded in 2010 by Chief Executive Officer Bom Kim, Coupang has grown faster than the e-commerce market amid fierce competition from retail conglomerates and startups. It has also aggressively expanded its delivery and logistics businesses.A successful IPO would be another windfall for billionaire Masayoshi Son’s SoftBank Group Corp. The Japanese conglomerate invested $1 billion in Coupang in 2015 and its Vision Fund put in another $2 billion in 2018, pushing its valuation to about $9 billion. The SoftBank Vision Fund w

E Split Corp Announces Overnight Offering

Not for distribution to U.S. Newswire Services or for dissemination in the United States. CALGARY, Alberta, March 01, 2021 (GLOBE NEWSWIRE) Middlefield Group, on behalf of E Split Corp. (TSX: ENS and ENS.PR.A) (the “Company”), is pleased to announce that the Company is undertaking an overnight treasury offering of class A and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively). The sales period for this overnight offering will end at 9:00 a.m. (ET) on Tuesday, March 2, 2021. The offering is expected to close on or about March 9, 2021 and is subject to certain closing conditions including approval by the Toronto Stock Exchange (“TSX”). The Class A Shares will be offered at a price of $12.50 per Class A Share to yield 12.5% and the Preferred Shares will be offered at a price of $10.00 per Preferred Share to yield 5.3%. The closing price on the TSX for each of the Class A Shares and Preferred Shares on Febr

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