Vietnam’s Vietcombank has approached private equity funds and sovereign wealth funds as it attempts to raise $500 million, Reuters reported. The government of Vietnam had appointed Credit Suisse Group as an adviser to sell a 20 percent stake in Vietcombank and invited first round bids by May 23, Reuters wrote. The government owns 90.7 percent of Vietcombank.
Southeastern Grocers LLC, which operates supermarket chains Winn-Dixie and BI-LO, filed with U.S. regulators to raise up to $500 million in an initial public offering of common stock, Reuters reported.
Evercore Partners Inc.’s offering of about 2.64 million Class A common shares was priced at $27.50 a share. The investment banking advisory firm plans to sell about 2.56 million of the securities, which would provide approximately $67 million in proceeds to Evercore. Goldman, Sachs & Co. and Evercore Group L.L.C. are acting as the joint book-running managers.
Private equity firm Leonard Green & Partners, which is considering a takeover of BJ's Wholesale Club Inc., has entered into a confidentiality agreement with the retailer, Reuters reported. BJ’s Wholesale announced in February that it was exploring the possibility of a sale. BJ's is the third-largest U.S. wholesale club retailer behind Costco Wholesale Corp. and Sam's Club, which is a unit of Wal-Mart Stores Inc., Reuters reported.