Reuters News
(Reuters) – KKR and Japanese trading house Itochu Corp have joined forces in a roughly $7 billion bid for U.S. oil and gas group Samson Investment Co, in a rare link-up between a major private equity firm and a Japanese company. KKR & Co has been in exclusive talks to buy privately held Samson for […]
(Reuters) – U.S. private equity giant Blackstone Group expects to invest roughly $500 million to $720 million a year in India over the next few years, a top official said on Tuesday, as a subdued stock market drives entrepreneurs to other investors. Akhil Gupta, chairman and managing director of Blackstone India, told the Reuters India […]
(Reuters) – Apollo Global Management and Goldman Sachs have entered the auction for Bank of America Corp.’s British and Irish credit card portfolios, the Financial Times reported on Tuesday. The U.S. groups have joined forces to bid for the MBNA Europe Bank business — part of Bank of America’s MBNA credit card brand — the […]
(Reuters) – Hony Capital, one of China’s most successful private equity funds, aims to raise up to $2.6 billion in a new fund, two sources said on Monday, in what is set to be the biggest ever dollar fundraising for a China-based firm. Hony’s fifth dollar fund is nearly double its previous $1.4 billion fund […]
(Reuters) – EBay said it acquired the data analysis firm Hunch to help it develop more recommendation technology for its online marketplace. Chris Dixon, Tom Pinckney and Matt Gattis, who founded Hunch in 2009, will stay on at eBay and remain based in New York. The purchase price was not disclosed. Hunch analyzes data from […]
(Reuters) – Ted Forstmann, the billionaire private equity investor and philanthropist, died on Sunday 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 […]
(Reuters) – Synacor Inc, partly owned by Intel Corp, filed with U.S. regulators on Friday to raise up to $75 million in an initial public offering, reviving its plans to tap the public markets after three years. In a filing with the U.S. Securities and Exchange Commission, the company — which builds Internet software tools […]
(Reuters) – Groupon Inc opened the IPO window a crack earlier this month and now companies, including Yelp Inc, Angie’s List and even social-gaming giant Zynga, are climbing through it, too. Yelp Inc, which offers online reviews of local businesses and services, filed on Thursday afternoon for an initial public offering of up to $100 […]
(Reuters) – Private equity firms Advantage Partners, Bain Capital and Japanese financial company Orix Corp. have advanced to the final round of bidding for MBK Partners’ planned sale of software developer Yayoi, in a deal worth about $800 million, sources said. If successful, MBK’s exit from Yayoi would be Japan’s third-largest private equity deal this […]
(Reuters) – Private equity-owned casino operator Caesars Entertainment Corp revived its plans to go public on Tuesday, nearly a year after scrapping them, pointing to improving prospects for companies looking to tap equity markets. The European debt crisis and weak U.S. economic data had dampened investor appetite for new listings in the third quarter. But […]