Reuters News

Warburg Pincus LLC has raised more than $5 billion in just over seven months for its 11th global private equity fund.

(Reuters) – Oaktree Capital Group posted a quarterly profit as the private equity firm earned more from management fees, and it declared a quarterly dividend. The company, which went public last month, posted a first-quarter profit attributable to it of $18.6 million, or 82 cents per share, compared with a loss of $10.1 million, or […]

Micron Technology is in talks to acquire Elpida Memory Inc., a Japanese chipmaker. Micron said Elpida had selected it to negotiate a deal following a bidding process, Reuters reported. U.S. private equity firm TPG Capital and China’s Hony Capital had also placed a joint bid in the final round on May 4. South Korea’s SK […]

Capital International Private Equity Funds has closed a $3 billion global emerging markets private equity fund, the largest fund of its kind in five years, according to Reuters. The new fund, Capital International Private Equity Fund VI, is targeting 15-20 investments in emerging markets countries and has already invested one fifth of its capital, writes […]

CalPERS has made new commitments totaling $1.1 billion, with $500 million going to a managed account overseen by Blackstone, $400 million to a Cerberus fund and $100 million each to funds run by Credit Suisse and Pacific Alliance Group.

(Reuters) – Softbank Corp. said on Wednesday that it and eBay Inc. unit PayPal will form a joint venture to expand Japan’s e-payments market by targeting users of Apple Inc’s iPhone. Softbank, which competes with bigger KDDI Corp in supplying Apple’s popular smartphone in Japan, and PayPal will each invest 1 billion yen ($12.54 million) […]

Kratos Defense & Security Solutions Inc. said it will buy drone maker Composite Engineering Inc. for $155 million in cash and stock. California-based CEI makes aerial target drone systems and composite structures primarily for U.S. defense agencies. Kratos will pay $135 million in cash and $20 million in stock. Its eighth-biggest shareholder Oak Investment Partners […]

Mubadala, the Abu Dhabi government’s investment vehicle, expects to spend about 20.1 billion dirhams ($5.47 billion) this year as its seeks to expand a diverse line of businesses ranging from oil and gas to semiconductors, writes Reuters. The state-owned fund, which has stakes in General Electric and private equity firm Carlyle, expects a majority of […]

Japanese private equity company Unison Capital has agreed to purchase drugmaker Showa Yakuhin Kako for an undisclosed amount, writes Reuters. Unison Capital is to buy the business with GC Corp, a Japanese maker of dental care materials, according to Reuters. Reuters – Japanese private equity company Unison Capital said on Wednesday it has agreed to […]

Czech private equity group Penta Investments and Luxembourg-based Eastbridge Group will together hold 74 percent of Polish retailer Empik Media & Fashion after a public tender, reports Reuters. Penta and Eastbridge, which already hold 60 percent of EM&F, had wanted to raise their joint stake to at least 80 percent in order to delist the […]