Reuters News
(Reuters) – Private equity firm Carlyle Group proved a tough sell with investors on Wednesday, raising $671 million in an IPO that was slightly below a pricing range already seen as modest and failed to live up to the hype of the likes of Facebook Inc. Carlyle, which has taken many of its portfolio companies […]
Thanks to the Jobs Act, it looks like US companies won't be the only ones with access to more capital.
Private equity-backed EverBank Financial Corp. cut the size of its initial public offering by 24 percent, a day before the company was expected to go public. On Wednesday, the company reduced the number of shares on offer to 19.2 million from 25.2 million and trimmed the expected price range to $11 to $12 per share […]
Women’s clothing retailer Ascena Retail Group Inc. will buy Charming Shoppes Inc. for $857.2 million in an all-cash deal that will expand its plus-size clothing portfolio, Reuters reported Wednesday. Ascena will pay $7.35 for every Charming Shoppes share – a 24.5 percent premium to the stock’s close on Tuesday. Charming Shoppes, which owns the Lane […]
India-focused private equity firm Jacob Ballas, backed by New York Life International, has invested $38 million in Marg Karaikal Port, a unit of MARG Ltd., for a minority stake, Reuters reported on Wednesday. MARG Karaikal Port is an all-weather port on the south east coast of India. (Reuters) – India-focused private equity firm Jacob […]
If Merger Monday wasn't enough, big shoe deals are afoot on Tuesday. And PE firms are in on the action.
China’s Hony Capital plans to sell or outsource the operations at Elpida Memory’s Hiroshima DRAM plant to Semiconductor Manufacturing International Corp (SMIC) if its bid for the bankrupt Japanese chipmaker is successful, according to the Nikkei business daily, writes Reuters. Hony is bidding with fellow private equity firm TPG Capital. Reuters – China’s Hony Capital […]
India’s UB Holdings is in talks with private equity funds Blackstone and Kohlberg Kravis Roberts to sell some of its commercial real estate for 6.5 billion rupees ($123 million), writes Reuters. UB Holdings, controlled by liquor baron Vijay Mallya, is part of the UB Group that owns majority of United Spirits and United Breweries, apart […]
Australian business services firm Spotless Group agreed to a A$720 million ($752 million) takeover offer from Pacific Equity Partners, with the board saying on Monday it had bowed to shareholder pressure to accept an offer lower than it had sought, Reuters reported. The Spotless board accepted the buyout firm’s offer of A$2.71 a share, including […]
Cellphone maker Nokia is in talks to sell its UK luxury subsidiary Vertu, which hand makes some of the world’s most expensive mobile phones, Reuters reported Monday. Earlier the Financial Times reported that talks with private equity group Permira were at an advanced stage on a possible sale which would raise about 200 million euros […]