Reuters News

Indian media group Network 18 is moving towards a US listing of its wholly owned online retail arm, HomeShop18, that could raise about $100 million, writes Reuters. The group is in talks with institutional investors, including private equity firms, to take up shares as part of the listing plan. Reuters – Indian media group Network […]

BTG Pactual and its shareholders raised 3.656 billion reais ($1.96 billion) in Brazil’s first initial public offering of an investment bank, writes Reuters. Partners, including US private equity firm JC Flowers & Co, raised $389 million in the offering. Reuters – BTG Pactual and its shareholders raised 3.656 billion reais ($1.96 billion) in Brazil’s first […]

Indian drugmaker Intas Pharmaceuticals said it was raising 3 billion rupees ($57 million) from private equity firm ChrysCapital ahead of its initial public offering, writes Reuters. The Ahmedabad-based company said the funds will be used to expand operations and retire part of its debt. ChrysCapital will make a partial or full exit during the public […]

Orthofix International said it agreed to sell its sports medicine business to private equity firm Water Street Healthcare Partners for $157.5 million, Reuters reported Tuesday. (Reuters) – Orthofix International NV said it agreed to sell its sports medicine business to private equity firm Water Street Healthcare Partners for $157.5 million.   The medical devices company […]

Facebook Inc. reported its first quarter-to-quarter revenue slide in at least two years, a sign that the social network’s sizzling growth may be cooling as it prepares to go public in the biggest ever Internet IPO, Reuters wrote. The company blamed the first-quarter decline, which surprised some on Wall Street, on seasonal advertising trends. Facebook […]

HarbourVest Partners said on Tuesday it has hired ex-J.P. Morgan banker Sally Shan as a managing director to head its new office in Beijing, Reuters wrote Tuesday. Shan was a managing director and head of Asia technology investment banking at J.P. Morgan Securities Asia Pacific for the past six years. (Reuters) – Global private equity […]

CVC Capital Partners said Tuesday that it would buy a majority stake in AlixPartners LLP as the restructuring and consulting firm looks to develop its services and expand geographically, Reuters wrote. The deal, whose terms were not disclosed, is expected to close this summer. (Reuters) – Private equity firm CVC Capital Partners Ltd will buy […]

PetroLogistics, a producer of propylene from propane, expects its initial public offering of 35 million shares to be priced between $19 and $21 a share, according to Reuters. The Houston-based company is majority-owned by private equity firm Lindsay Goldberg and investment firm York Capital. Reuters – PetroLogistics LP, which produces propylene from propane, said it […]

Sunoco Inc. said on Monday it is in exclusive talks with private equity firm Carlyle Group on a potential joint venture for the refiner’s 330,000 barrel-per-day refinery, Reuters reported. Sunoco would put the refinery assets into the joint venture in exchange for a nonoperating minority interest in the venture, it said in a statement. (Reuters) […]

UBS, the Swiss bank that this month suffered the departure of some of its most senior dealmakers in the U.S., said on Monday it hired the former head of Bank of America‘s buyout arm to bolster its deals coverage, Reuters wrote. UBS said in an internal memo that Jim Forbes, a veteran banker who has […]