Catherine Badour

Fund manager BlackRock Inc (BLK.N) and private equity firm Blackstone Group (BX.N) are planning to open offices in Saudi Arabia, encouraged by the investment opportunities offered by the kingdom, Crown Prince Mohammed bin Salman told Reuters.

Razer Inc, a gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka-shing, plans to launch on Monday an up to $550 million Hong Kong initial public offering, IFR reported on Friday, citing people close to the deal.

Doughty Hanson’s business services firm TMF Group said it will be sold to private equity firm CVC Capital Partners for 1.75 billion euros ($2 bln), ending its plans to list on the London Stock Exchange.

Private equity group Permira has bought a stake of at least 10 percent in payments firm Klarna, one of Europe's most highly valued tech startups, the companies said on Friday.