Reuters News

Blackstone has expanded its property presence in London, buying the 12-building Devonshire Square office and retail complex from Rockpoint and the Abu Dhabi Investment Authority, writes Reuters. The deal was signed on Friday for just under 340 million pounds ($549 million), according to the Financial Times, about 17 percent below the 410 million pounds paid […]

Apollo Global Management posted better-than-expected first-quarter earnings on Tuesday.

(Reuters) – The Carlyle Group said Daniel Harris, a former senior research analyst at Goldman Sachs, joined the company as Managing Director and head of public market investor relations, a week after the firm’s market debut. Harris is based in New York and will work with CFO Adena Friedman in his new position, the company […]

Southeast Asian telecoms company, Singapore Telecommunications is close to acquiring AdJitsu, a Silicon Valley-based mobile advertising startup, writes Reuters. The business will be acquired by SingTel’s US-based mobile advertising solutions subsidiary Amobee, which was bought by SingTel in March for $321 million. Reuters – Singapore Telecommunications Ltd (STEL.SI), Southeast Asia’s largest telecoms company, is close […]

Czech private equity group Penta Investments and investment fund Eastbridge have raised their joint bid for Polish retailer Empik Media & Fashion to 10.45 zlotys per share, or a total of 436 million zlotys ($136 million), writes Reuters. Penta and Eastbridge, which are seeking to buy 40 percent of the business, had already raised their […]

Alp Ercil, former Asia head of Perry Capital, has raised $440 million for a private-equity style hedge fund, according to Reuters. The vehicle will focus on distressed investment opportunities in credit and equities in the Asia-Pacific, writes Reuters. Reuters – Alp Ercil, the former Asia head of Perry Capital, has raised $440 million for a […]

Abu Dhabi Investment Authority, the emirate’s sovereign wealth fund, has hired Christophe Florin to head its emerging markets private equity team, writes Reuters. Florin joins ADIA from French insurer AXA‘s private equity arm, where he was most recently the chief operating officer. Reuters – Abu Dhabi Investment Authority (ADIA), the cash-rich emirate’s sovereign wealth fund, […]

China’s economic-planning agency, in a setback for foreign private equity funds, has ruled that all capital in a yuan-denominated fund must come from local Chinese investors, failing which the funds will be treated as foreign, the Wall Street Journal said, writes Reuters. Being treated as foreign will restrict overseas private equity funds’ investments, at a […]

Micron Technology has won the bidding war to buy Elpida Memory after offering more than 200 billion yen ($2.5 billion) for the failed Japanese chipmaker, according to a source with direct knowledge of the deal that would more than double the U.S. company’s global market share, writes Reuters. Part of the 200 billion yen would […]

Gumroad, a start-up payments company run by 19-year-old entrepreneur Sahil Lavingia, has raised $7 million in a funding round led by Kleiner Perkins Caufield & Byers, Lavingia said in a blog post, according to Reuters. The funding round marks the first investment for Mike Abbott since he joined Kleiner late last year. Previously, Abbott ran […]