Reuters News

Singapore state investor Temasek Holdings and private equity firm RRJ Capital bought nearly half of the shares in the $1.34 billion offering by PetroChina Co,‘s unit Kunlun Energy Co., Reuters reported Tuesday. More than 140 investors bought into the company, which is becoming a leading player in China’s natural gas sector, according to a term […]

Private equity fund Innova Capital and two others will get a peek at the finances of Polish telecoms operator Netia in a move that could lead to one of them snapping up the group, Reuters reported Tuesday. Netia shares jumped by as much as 4.5% on the news, reaching levels unseen since 2001. Reuters reported […]

The Carlyle Group, the private equity firm with about $147 billion in assets under management, may sell a 10% stake in its upcoming initial public offering, according to a regulatory filing published on Tuesday, Reuters reported. Carlyle said it assumed its existing owners would own approximately 90% of one of Carlyle’s holding entities after the […]

Top shareholder Carl Icahn has moved closer to buying CVR Energy, after the billionaire investor said 55% of the crude oil refiner’s outstanding shares was tendered to his $2.26 billion offer, Reuters reported Monday. Icahn, who plans to buy CVR for $30 a share and then sell it, holds a 14.5% stake in the company. […]

After a years-long chill, the market for venture-backed initial public offerings was heating up, the National Venture Capital Association and Thomson Reuters reported Monday.

U.K.-based buyout shop Advent International has invested about $105 million in India’s Care Hospitals by acquiring shares from some of the existing investors and injecting additional capital into the business, Reuters wrote Monday. Care is the largest multi-specialty hospital chain in South India, with strength in cardiac care, neurology, nephrology and general medicine. (Reuters) – […]

KKR & Co. said it will buy some energy assets straddling parts of Texas and Oklahoma from WPX Energy for $306 million — the private equity firm’s latest acquisition of properties that have become cheaper due to weak natural gas prices, Reuters wrote Monday. The deal has been made through KKR Natural Resources, which is […]

KKR & Co. is in early talks with banks to amend and extend a A$905 million ($938 million) loan used to buy Australia’s BIS Industrial Logistics, Reuters Basis Point reported on Monday, citing a source familiar with the talks. KKR borrowed the money in 2006, and would usually be expected to exit through a sale […]

Nordic private equity firm Altor is to put its outdoor clothing brand Helly Hansen up for sale next week, writes Reuters. Global lifestyle apparel giant VF Corporation, US consumer products maker Jarden Corp, French luxury and retail group PPR and Columbia Sportswear have all expressed interest in the company, according to Reuters. Reuters – Nordic […]

Four private equity firms are set to fight it out for Sweden’s Bravida, worth around $1 billion, writes Reuters. Sources familiar with the matter said EQT, Apax Partners, Bain Capital and PAI Partners have proceeded into the second round of bids for the installation services firm, owned by private equity group Triton. Reuters – At […]