Reuters News
Nov 30 (Reuters) – Jive Software Inc, which provides social networking software to businesses, said it expects its initial public offering of up to 11.7 million shares to be priced between $8 and $10 apiece. In August, the Palo Alto, California-based company had filed with the U.S. Securities and Exchange Commission to raise up to […]
(Reuters) – Groupon Inc’s shares rose more than 6 percent on Wednesday after Chief Executive Andrew Mason emerged from the company’s post-IPO quiet period to share holiday sales numbers. Groupon sold more than 650,000 holiday deals between Black Friday and Cyber Monday, an increase of 500 percent compared with last year, Mason said in a […]
(Reuters) – Facebook has agreed to settle an investigation by the Federal Trade Commission into deceptive privacy practices, committing to cease making false claims and to submit to independent audits for 20 years. The FTC said the world’s largest Internet social network had been repeatedly deceptive. For example, Facebook promised users that it would not […]
(Reuters) – Zynga’s road show with investors for its initial public offering will start next Monday, two sources familiar with the matter told Reuters on Tuesday. Chief Executive Officer Mark Pincus will be leading the presentation to investors, along with Chief Operating Officer John Schappert and Chief Financial Officer David Wehner, the two people said. […]
(Reuters) – The largest buyouts generated some of the best returns for the private equity industry in Europe in the last year, as markets rebounded and firms wrote up the value of their investments. Mega buyouts, defined as investments larger than $5 billion, produced returns of 22.4 percent in the 12 months to end June, […]
(Reuters) – Twitter has acquired a start-up company that makes software to improve security and privacy for smartphones and other mobile devices. With its acquisition of Whisper Systems, Twitter gains technology to bolster security of its fast-growing microblogging service and gets a pair of highly-respected experts in the field of online security. Whisper Systems was […]
Nov 28 (Reuters) – Private equity firm Nordic Capital has appointed Carnegie and SEB Enskilda as advisors for the sale or public listing of Swedish industrial packaging firm Nefab, sources familiar with the matter said on Monday. One of the sources said the deal could be worth between 2 billion crowns ($286 million) and 3 […]
(Reuters) – Private equity group KKR & Co is about to secure a deal to buy Capital Safety Group (CSG), a British manufacturer of safety equipment to protect against falls, for about $1.1 billion, a source familiar with the matter said on Monday. An agreement with the target company’s owners, Arle Capital Partners — the […]
Ted Forstmann, the billionaire private equity investor and philanthropist, died Nov. 21 of brain cancer. He was 71. He was viewed as a pioneer of the leveraged buyout and took over companies such as Dr Pepper and Gulfstream Aerospace through the private equity firm he co-founded, Forstmann Little & Co. He was also chairman and […]
(Reuters) - Japan's Nomura Holdings has approached big private equity firms about the possible sale of domestic businesses including its real estate arm as the bank seeks to shore up its capital buffers, the Financial Times reported on Wednesday. The bank is considering selling Nomura Real Estate and Nomura Research Institute, its consulting, information technology and research arm, the FT reported, citing several people familiar with the preliminary talks with parties including KKR and TPG. "They are talking to everyone about everything not directly related to the securities business," the Japan head of one big private equity firm that has taken part in the talks said but there was no formal auction process, the FT reported. Buyout firms which have looked at Nomura Real Estate say Nomura may have difficulty ...