Reuters News
US retailer Michaels Stores has filed with regulators to raise up to $500 million in an IPO that could be one of the year’s largest IPOs in the retail sector, writes Reuters. The offering comes six years after private equity owners Blackstone and Bain purchased the Texas-based arts and crafts company for more than $6 […]
Howard Marks and Bruce Karsh, co-founders of Oaktree Capital Group, could end up with $117.2 million each by selling stakes in the debt-focused private equity firm in an IPO that could raise up to $595.1 million, writes Reuters. Oaktree has $74.9 billion in assets under management and said in a regulatory filing it expects its […]
A private equity fund run by Goldman Sachs Group has agreed to sell its stake in the media company that runs a sex trafficking forum back to company’s management, writes Reuters. GS Capital Partners III has signed a deal to sell its 16 percent stake in Village Voice Media, which owns the website, called Backpage.com. […]
Yahoo will begin layoffs of thousands of employees next week and will announce plans to restructure the company the week after that, according to a media report, writes Reuters. Yahoo declined to comment. Reuters – Yahoo Inc will begin layoffs of thousands of employees next week and will announce a plan to restructure the company […]
Still in the running for prized Yahoo! assets, Jack Ma is not content with just overtaking old verticals--he is turning to social networking as well.
Private equity asset managing firm Oaktree Capital Group filed its IPO terms on Friday, more than nine months after it first disclosed its plans to go public. The investment management firm, which focuses on alternative markets, said it expects its offering of 11.3 million Class A units to be priced between $43 and $46 apiece, […]
Japanese brewer Asahi is working to finalize the purchase of eastern European brewer StarBev from private equity owner CVC Capital Partners in a deal likely to be worth around $3 billion, Reuters wrote Friday. The two were hammering out the final details of a deal which could be announced as early as next week after […]
Timothy Grady has left Mount Kellett Capital, a private equity firm founded by former Goldman Sachs Group Inc executive Mark McGoldrick, Reuters reported. Grady, a Hong Kong-based managing director, was with the firm for about 18 months. (Reuters) – Asia real estate veteran Timothy Grady has left Mount Kellett Capital, after about 18 months with […]
Ireland’s former state telecom operator eircom applied for court protection as expected on Thursday to allow it restructure its 3.75 billion euro ($5 billion) debt mountain, a move it said was “necessary and unavoidable,” Reuters reported. The application follows the company’s agreement to support a proposal under which most senior lenders take control of the […]
Bain Capital and Lion Capital have emerged as front-runners to buy rival Bridgepoint‘s majority stake in French eyewear retailer Alain Afflelou in a sale expected to be backed by around 300 million euros ($399 million) of debt, Reuters reported Thursday. Bridgepoint bought a majority stake in Afflelou in 2006. (Reuters) – Private equity firms Bain […]