Reuters News

Hospital chain Fortis Healthcare India is in talks with private equity firms Carlyle Group and TPG Capital India to sell a 15-20 percent holding, the Mint reported, writes Reuters. The company aims to raise around $250 million. Reuters – Hospitals chain Fortis Healthcare India Ltd is in talks with private equity firms Carlyle Group and […]

Vancouver-based start-up Hootsuite, which sells social-media management services has attracted a $20 million investment from OMERS Ventures, part of the Ontario Municipal Employees Retirement System, writes Reuters. OMERS bought the stake in a secondary transaction from a handful of employees and early investors, according to Reuters. Reuters – Big companies like Groupon letting their founders […]

Private equity company 3i Group Plc said its chief executive Michael Queen had decided to quit after almost 25 years at the firm, writes Reuters. 3i added that it had started the process to find a successor. Reuters – Private equity company 3i Group Plc said its chief executive Michael Queen had decided to quit […]

Hawker Beechcraft Inc., the aircraft manufacturer owned by Goldman Sachs Group‘s private equity arm and Onex Corp., is preparing to file for bankruptcy protection, Reuters reported. Hawker, which was bought in 2007 for $3.3 billion by the private equity firms, is negotiating a prearranged bankruptcy with its largest lenders, which include Centerbridge Partners, Angelo Gordon […]

Westfield Group, the world’s second-largest shopping mall owner, is close to selling seven malls in the United States to Starwood Capital Group for about $1 billion, Reuters wrote, citing the Wall Street Journal. The seven malls were not identified, but five of the seven are among the 17 U.S. malls that Sydney-based Westfield put on […]

Private equity-backed industrial parts maker Rexnord Corp. priced its initial public offering at $18 a share on Wednesday, at the low end of its expected range, Reuters reported. The Milwaukee-based company, owned by Apollo Global Management, sold 23.7 million shares, as planned. The offering raised $426 million.   (Reuters) – Private equity-backed industrial parts maker […]

Facebook halts the trading of its shares on secondary markets, potentially a sign of a soon-forthcoming IPO.

Blackstone Group said on Wednesday it raised a $4 billion second mezzanine fund — one of the world’s largest mezzanine funds and the biggest one to be raised after the 2008 financial crisis, Reuters reported Wednesday. Blackstone’s GSO Capital Opportunities Fund II will focus on opportunities in the U.S. and Europe. It has already allocated […]

Private equity firm Carlyle Group said it closed a $510 million collateralized loan obligation, its second new-issue in less than a year, Reuters reported Wednesday. Carlyle’s last new-issue CLO fund closed in July 2011 at $507 million. Collateralized loan obligations are structured investment products that are backed by risky, high-yield debt, and are sold to […]

Private equity fund PCP Capital Partners is in talks to buy a central London site owned by UK developer Land Securities for 230 million pounds ($367 million), Reuters reported Wednesday. Arundel Great Court, which is located near the River Thames, has planning permission for a 1 million square foot redevelopment to contain offices, shops, 150 […]