Reuters News

Travelzoo Inc., a publisher of travel newsletters and websites that has seen its shares plunge 75% since July last year, is planning to sell itself, Reuters reported. The New York-based Internet company, which provides travel deals on flights, hotels, vacation packages and cruises, is in the process of hiring a financial adviser. The company has […]

Carlyle Group is eyeing a market valuation of $7.5 billion to $8 billion in an initial public offering, as the U.S. private equity firm prepares to kick off a marketing blitz to investors, perhaps as soon as next week, Reuters reported Wednesday. Carlyle, which has $147 billion in assets under management, plans to sell a […]

Private equity firm CVC Capital Partners will pay around HK$5 billion ($644 million) to buy telecom and broadband assets of City Telecom H.K. Limited, the Hong Kong-listed company said on Wednesday. The agreement is Asia’s largest private equity-backed deal this year, Reuters reported. (Reuters) – Private equity firm CVC Capital Partners will pay around HK$5 […]

Bain Capital LLC is considering raising $6 billion to $8 billion for a new global buyout fund -- far less than the $10.7 billion it raised for its 10th fund in 2007 -- and it may offer LPs up to three options on fees, according to an exclusive Reuters report.

Great Wolf Resorts‘ largest investor, HG Vora Capital, recommended shareholders reject Apollo Global‘s $6.75 per share bid that values the company at $225.7 million, as the hedge fund expects higher offers, Reuters wrote Tuesday. HG Vora Capital did not recommend private equity firm KSL Capital‘s $7 per share offer and said it would not back […]

Shuaa Capital Chief Executive Michael Philipp has stepped down after just six months at the helm of the struggling investment bank, two sources familiar with the matter told Reuters on Tuesday. Shuaa said Colin MacDonald, who was previously ABN’s group managing director and regional head for the Middle East, will assume the top post. One […]

Cracker Barrel Old Country Store Inc. sought to adopt a “poison pill” for the second time in less than a year, to block activist investor Sardar Biglari‘s attempts to raise his stake in the casual dining chain, Reuters reported Tuesday. Cracker Barrel, which has been involved in a long-running public spat with its largest shareholder […]

Some higher education companies are struggling--but Laureate, operator of online universities--is breaking away from the brick & mortar format. Now, it is time to go public.

Electronic connector maker TE Connectivity Ltd said it will sell its touch solutions business to private equity firm Gores Group for $380 million, Reuters reported. The business, which makes touch screens and touch computers, had revenue of $413 million in fiscal 2011. (Reuters) – Electronic connector maker TE Connectivity Ltd said it will sell its […]

Indian conglomerate Sahara India Pariwar Ltd made an unsolicited $600 million offer to acquire the landmark Plaza Hotel in New York, Reuters reported, citing news in the Wall Street Journal. The deal would need the approval of Israeli-owned El Ad U.S. Holding Inc and their partner in the hotel, Kingdom Holding Co, controlled by Saudi […]