Reuters News
NEW YORK, May 25 (Reuters) – California Pizza Kitchen Inc agreed on Wednesday to be acquired by private equity firm Golden Gate Capital for $470 million, more than a year after its hunt for a buyer began. The sale price of $18.50 a share was less than some investors had expected and fell short of […]
(Reuters) - Shares of Russian Internet company Yandex NV (Nasdaq: YNDX) surged more than 40 percent in their debut on Tuesday, in the largest U.S. initial public offering in the Internet sector since Google Inc. Shares were up 40 percent at $35, after pricing at $25. (Shares were trading at $35.38 as of 1:18 p.m. EST. - peHUB Ed.) Co-founders Arkady Volozh, 47, and Ilya Segalovich, 46, said the IPO was just the beginning for Yandex, which is eyeing international expansion. "Russia deserves to have a technology company of a global level," CEO Volozh told Reuters in an interview conducted in Russian. "We're working toward that happening. Volozh said the company's success was a demonstration that Russia is
(Reuters) – The Canada Pension Plan Investment Board, which manages the country’s national pension fund, said on Thursday its assets under management rose to a record C$148.2 billion ($152.8 billion) in fiscal 2011. The fund manager said its portfolio returned 11.9 percent for the year ended March 31, compared with a 14.9 percent return in […]
(Reuters) – John Malone’s Liberty Media Corp has proposed to buy Barnes & Noble Inc for $1.02 billion, nine months after the largest U.S. bookstore chain put itself up for sale. Liberty Media is offering $17 per share, a 20.5 percent premium over Barnes & Noble’s closing share price on Thursday, in a deal that […]
(Reuters) – Retailer Big Lots Inc is taking itself off the market after failing to attract high enough bids, a source familiar with the situation said, the latest auction that has proven out of private equity bidders’ reach. Private equity firms’ interest in the retailer waned due to concerns about the price, two sources familiar […]
(Reuters) – Private equity firms are concerned about an investment bubble occurring in the green energy sector, among other hot industries, a survey of more than 200 fund managers said. The recent credit crisis has made investors cautious and more aware of risks that can arise from crowded investment positions, according to the survey, carried […]
(Reuters) – Morgan Stanley aims to raise 1.5 billion yuan ($230 million) in its first yuan-denominated private equity fund in China, joining rivals such as the Carlyle Group and Blackstone for a piece of the booming market. The fund, to be launched through Morgan Stanley’s newly established China yuan private equity unit, will focus on […]
UBS AG has hired Adam Frisch for its technology, media and telecom investment banking team, part of the Swiss bank's efforts to bulk up on its technology team in recent months. Adam Frisch will rejoin UBS in August as a managing director, and will be one of two supervisors...
(Reuters) – Viadeo, the world’s second-biggest social network for professionals behind LinkedIn, is deferring a plan for an initial public offering (IPO), preferring instead to focus on growth in emerging markets, its chief executive said. The France-based start-up had been mulling an IPO in Europe, the United States or Hong Kong in a bid to […]
HONG KONG, May 12 (Reuters) – Goldman Sachs plans to raise up to 5 billion yuan ($770 million) for a private equity fund in China, a source familiar with the matter said on Thursday. The source added that the Wall Street bank had signed an agreement with the Beijing municipal government, which will be its […]