Reuters News

(Reuters) – Carlyle Group is among the private equity funds bidding for around $1.8 billion stake in South Korea’s Kyobo Life Insurance Co Ltd, sources with direct knowledge of the matter told Reuters. Daewoo International and Korea Asset Management Corp (KAMCO) are offering about one-third stake in the unlisted life insurance company in two separate […]

CVC has beaten out other buyout firms, including Madison Dearborn Partners and Providence Equity Partners, in the race to buy AlixPartners from private equity owner Hellman & Friedman, sources tell Reuters.

Blackstone Group LP reported higher first-quarter earnings as demand for its real estate and credit funds yielded more management fees.

Tumi (and PE investor Doughty Hanson) is packing its bags and heading for a public listing Thursday.

French fashion brand Zadig & Voltaire has agreed to sell a 30 percent stake to private equity firm TA Associates, writes Reuters. The fund will take a seat on the company’s board following the deal, Zadig & Voltaire said in a statement. Financial details were undisclosed. Reuters – French fashion brand Zadig & Voltaire said […]

Woongjin Holdings has put a 30.9% stake in Woongjin Coway on the block and hired Goldman Sachs to manage the sale, which it hopes will fetch as much as $1.7 billion, Reuters reports.

Private equity firm Emerging Capital Partners is planning to deploy a "significant amount" of capital in fast-growing east Africa, which includes Kenya, Uganda, Tanzania, Burundi and Rwanda.

Emerging markets private equity firm Actis is looking to invest around $300 million annually in Africa, writes Reuters. Actis aims for individual investments of $50 million which means it focuses on Africa’s biggest economies – South Africa, Egypt and Nigeria where there are more opportunities for bigger deals, writes Reuters. Reuters – Emerging markets private […]

Standard Chartered‘s private equity arm expects to close a $100 million private equity deal in the Gulf Arab region before the end of this year, writes Reuters. The British investor in mid-market deals last year bought a minority stake in family-owned Saudi Binladin Group’s unit for $75 million. The bank also completed a $75 million […]

The Carlyle Group is in talks to buy a 335,000 barrel per day refinery from Sunoco