Reuters News

Sweden moved to tighten tax rules for owners of stakes in private equity funds, part of a push against untaxed profits in the 250 billion crown ($37.5 billion) industry, which is the second biggest in Europe relative to economic output, Reuters wrote Thursday. (Reuters) – Sweden moved to tighten tax rules for owners of stakes […]

While the talk lately has been about tech startups and their white-hot IPOs, the JOBS Act could wind up benefiting a wider range of industries.

Markets are rebounding late Thursday afternoon--but Cafepress shares, which began the day with a bang, have moved back closer to their float price.

EBay Inc. on Thursday named David Marcus president of its PayPal unit, filling the role left vacant when Scott Thompson left to become chief executive of Yahoo Inc. in January, Reuters reported. Marcus joined eBay’s PayPal in August 2011 after it bought Zong, a mobile payments company that he founded. (Reuters) – EBay Inc on […]

Cunningham Lindsey, an insurance claims management company controlled by buyout firm Stone Point Capital, is up for sale and could fetch more than $1 billion, Reuters reported. Bank of America Merrill Lynch is advising Cunningham Lindsey on the auction, Reuters wrote, adding that the company is expected to draw interest from private equity firms.   […]

Even on a down day for markets, Millennial Media shares are hot--its stock's value doubled on the day of the big IPO.

Medical device company Globus Medical Inc. filed with regulators on Thursday to raise up to $100 million in an initial public offering of common stock. The Audubon, Pennsylvania-based company said that BofA Merrill Lynch, Goldman Sachs, Piper Jaffray and Leerink Swann were lead underwriters to the IPO. The company makes and commercializes products for patients […]

Irish financial services group IFG has sold its international division to private equity fund manager AnaCap for 70 million pounds ($111 million), writes Reuters. AnaCap, which has more than 1 billion euros ($1.4 billion) of assets under management, owns UK bank Aldermore, brokerage Conduit Capital Markets and Malta’s Mediterranean Bank, according to Reuters. Reuters – […]

British bingo and casino operator Rank said it ended talks to buy the casino business of private-equity owned Gala Coral Group as the terms of the proposed deal were not beneficial for Rank, writes Reuters. Rank had said in January that it was in talks with Gala. A potential deal would have made Rank Britain’s […]

US buyout firm Cerberus Capital Management has sold the Japanese operations of an employment agency to private equity firm CVC Capital Partners for an undisclosed amount, writes Reuters. The business was recently renamed Prompt Holdings. Current management will not be changed, writes Reuters. Reuters – US buyout firm Cerberus Capital Management has sold the Japanese […]