Reuters News
Investcorp, a Bahraini alternative investment manager, has acquired UK-based education firm GL Education Group from Veronis Suhler Stevenson for an undisclosed amount, writes Reuters. GL Education, previously called Granada Learning Group, is a provider of tools and services to enhance educational capabilities among children. It runs two units, GL Assessment and GL Performance. Reuters – […]
Some significant investors have shown interest in buying foreclosed properties being sold in bulk by Fannie Mae, the US home funding source, the Wall Street Journal said, writes Reuters. The journal named private-equity investor Colony Capital as a potential bidder. Reuters – Some big investors have shown interest in buying foreclosed properties being sold in […]
British banking software firm Misys has agreed to be bought by private equity firm Vista Partners for 1.27 billion pounds ($2 billion) after dismissing an all-share merger with a rival and a competing private equity suitor, writes Reuters. Misys said it was recommending a 350 pence a share cash offer from Vista, a private equity […]
Private equity firm CVC is pulling out of Australia as it faces one of the largest ever losses for a firm in the region, writes Reuters. In 2008, CVC raised $4.2 billion for its third Asia fund, one of the biggest ever for the region, according to Reuters. Reuters – Private equity firm CVC is […]
Axiom Asia Capital Management, the private equity firm founded by former executives of Singapore sovereign wealth fund GIC, has closed its third Asia fund at $1.15 billion, writes Reuters. About half the firm’s investments are made in Greater China with India following as the next biggest market for Axiom, writes Reuters. Reuters – China remains […]
Groupon has already seen its share price challenged in 2012--the last thing the daily deals champion needs is to become embroiled in an investigation or a scandal.
Ta Chong Bank said on Friday that private equity firm Carlyle Group has yet to pick an investment bank to run the sale of its stake, and no potential buyers have yet come forward. Media reports in Taiwan have said that Fubon Financial and Yuanta Financial are interested in buying the stake, which is worth […]
Facebook Inc. is taking the next step on its IPO journey and has summoned research analysts from Wall Street banks to its Menlo Park headquarters early next week for a pre-roadshow briefing to discuss the finer points of its business and books, Reuters wrote Friday. The world’s largest social network, which is racing toward what […]
Package delivery giant United Parcel Service said that it was in constructive talks to buy Dutch rival TNT Express, having last month proposed a 9-euros-per-share deal worth 4.9 billion euros ($6.4 billion), Reuters wrote Friday. TNT Express shares closed at 9.23 euros on Thursday, after reaching a nine-month high at 10.24 euros on February 20. […]
Millennial Media, a mobile advertising software provider, said it expects its initial public offering of 10.2 million shares to be priced between $9 and $11 apiece, Reuters wrote Thursday. In January, the company had filed with the U.S. Securities and Exchange Commission to raise up to $75 million in the IPO. It now plans to […]