Catherine Badour
Joseph Bae, co-president and co-chief operating officer of private equity firm KKR & Co LP (KKR.N), and David Petraeus, chairman of the KKR Global Institute, have withdrawn from the Future Investment Initiative conference to be held in Saudi Arabia next week, Reuters reported.
Fidelity Investments has launched a new company for its institutional clients that will trade and store digital assets such as bitcoin, Reuters reported.
Private equity Clessidra has hired Rothschild to look into the option of finding a minority partner for fashion group Roberto Cavalli to help fund growth, two sources familiar with the matter said on Monday, confirming earlier press reports.
Investa Office Fund (IOF) (IOF.AX) said on Monday it has given private equity firm Blackstone (BX.N) four days to match a rival offer by Canada’s Oxford Properties Group as the bidding war for the Australian office owner comes to a head.
Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday with a plan to close 142 more stores, throwing into doubt the future of the century-old retailer that once dominated U.S. malls but has withered in the age of internet shopping, Reuters reported.
SoftBank Group Corp has chosen five investment banks, including units of Nomura Holdings Inc and Goldman Sachs, as lead underwriters for the mammoth initial public offering of its mobile-phone unit, a source told Reuters.
French payment service company Ingenico (INGC.PA) has received two separate expressions of interest from French bank Natixis and Paris-based Edenred (EDEN.PA), Reuters reported.
Alexander Navab, the former head of KKR & Co Inc’s (KKR.N) Americas private equity business, is starting a new buyout firm with backing from Goldman Sachs Asset Management (GS.N), sources told Reuters.
Cybersecurity company Imperva Inc (IMPV.O) said on Wednesday it will be taken private by Thoma Bravo LLC in an all-cash deal valued at $2.1 billion.
Japan’s SoftBank Group Corp (9984.T) is in discussions to buy a majority stake in U.S. shared office space provider WeWork Cos, a source said, potentially doubling down on one of its biggest bets on a loss-making startup, Reuters reported.