Reuters News

Listed UK private equity group 3i is set to name a new chief executive this week, the Financial Times reported, writes Reuters. Simon Borrows, a senior City of London banker who joined the company last year as chief investment officer, is expected to replace Michael Queen who announced his resignation in March after three years […]

Casual dining chain Houlihan's Restaurants Inc is in talks with private equity firms and other restaurant companies to sell itself in a deal that could fetch nearly $100 million

Security firm G4S is preparing to sell a large part of its Danish operations in a deal that is expected to be worth more than 1 billion Danish crowns ($174.13 million), Danish financial daily Borsen, writes Reuters. The paper said several private equity firms were interested in the deal, writes Reuters. Reuters – Security firm […]

China Yongda Automobiles Services has launched its Hong Kong initial public offering, aiming to raise as much as HK$3.37 billion ($434 million), IFR, a Thomson Reuters publication reports. Baring Private Equity is investing as much as $120 million in offering, writes IFR. Reuters – China Yongda Automobiles Services has launched its Hong Kong initial public […]

Russia-focused private equity firm Baring Vostok will invest $50 million into Tinkoff Credit Systems, a local mid-sized lender, writes Reuters. TCS is majority-owned by founder and former bicycle racer Oleg Tinkov. Reuters – Russia-focused private equity firm Baring Vostok will invest $50 million into Tinkoff Credit Systems (TCS), a fast-growing local mid-sized lender, TCS said […]

Concho Resources is to buy all of the oil and natural gas assets of Three Rivers Operating Company, a portfolio company of private equity firm Riverstone Holdings, for $1 billion in cash, writes Reuters. Three Rivers owns 200,000 net acres in the Permian Basin, an area spanning Texas and New Mexico. PRESS RELEASE Concho Resources […]

Private equity firm Triton is to sell Scandinavian installation services provider Bravida to Bain Capital for an undisclosed sum, writes Reuters. Triton, which owns Bravida through its Triton Fund III, bought the company from Norway’s Telenor in 2006. Earlier this year, sources told Reuters that Bain Capital was among at least four private equity firms […]

Private equity-owned gambling group Gala Coral is to sell its casino business to British bingo and casino operator Rank for 205 million pounds ($329.4 million), writes Reuters. At the end of March, Rank said it had ended talks to buy Gala’s casino business as the terms of the proposed deal were not beneficial to it. […]

LinkedIn Corp and private equity firm Silver Lake Partners are among a number of parties that have expressed interest in a potential deal for Monster Worldwide Inc.

Videoconferencing company Polycom Inc. said it will sell its enterprise wireless voice solutions business to an affiliate of Sun Capital Partners for about $110 million in cash, Reuters reported. Sun Capital Partners is a private equity firm based in Boca Raton, Fla. (Reuters) – Videoconferencing company Polycom Inc said it will sell its enterprise wireless […]