Reuters News
LONDON/NEW YORK (Reuters) – Private equity firms are turning to deep-pocketed sovereign wealth and pension funds as they chase bigger deals, avoiding the often uneasy partnerships with rivals that marked boom-time deals. Debt markets are heating up with high-yield and loan investors ready to step in with billions of dollars of funding for deals like […]
HONG KONG, April 7 (Reuters) – Growing demand to invest in Asia means the region’s private equity firms are not lowering their management fees, while their peers in the United States and Europe have cut them because of investor pressure, a new survey from Hong Kong-based Squadron Capital showed today. Pension funds and other investors […]
HONG KONG (Reuters) – Private equity transactions in the financial sector across Asia are receiving heavier scrutiny from regulators worried about handing control of a regulated entity to a foreign buyout firm. A panel of financial institutions’ M&A bankers, speaking at the Reuters Global M&A summit in Hong Kong on Wednesday, cited the increased attention […]
(Reuters) – Venture capitalists are shifting their attention to social networking companies and away from biotech companies, bankers said at the Reuters Global Mergers and Acquisitions Summit. Venture capitalists, who make high-risk investments in start-ups, are tired of waiting years for biotech companies to generate real products and be marketable as initial public offerings, bankers […]
BOSTON, April 5 (Reuters) – Venture capitalists invested $2.57 billion in the clean technology sector in the first quarter, up 13 percent from a year earlier, with most of the money going to companies involved in solar power. That was the most money invested into the space since the third quarter of 2008 — when […]
It’s been a busy day on the restaurants M&A front already, Sbarro, which peHUB earlier covered, is bankrupt and, on the brighter side of the spectrum, Landry’s Restaurants has made a hostile bid to acquire McCormick & Schmick’s Seafood Restaurants Inc. in a deal valued at $137.3 million. Sbarro is just hoping it can eliminate […]
NEW YORK, April 4 – Multiple bidders are expected to vie for bankrupt movie rental chain Blockbuster at an auction on Monday that will decide the company’s next owner and amount of money available to pay off claims. Once the world’s largest video chain, Blockbuster had a market cap of more than $5 billion at […]
NEW YORK, March 31 – GNC Holdings Inc, a U.S. retailer of wellness and nutrition products, raised $360 million in its third attempt at an IPO on Thursday, a market source said. GNC and its stockholders sold 22.5 million shares for $16 each, the source said. They had planned to sell the stock for $15 […]
NEW YORK, March 30 (Reuters) – Private equity-backed Dunkin’ Brands Inc is considering an initial public offering of about $500 million in the second half of 2011, sources familiar with the situation said. The IPO could be as large as $750 million, one of the sources said. Two or the sources said that there is […]
BOSTON, March 29 (Reuters) – General Electric Co. reached a $3.2 billion agreement to acquire a maker of automation systems used in the oil and gas sector, marking the latest in a series of deals in the energy industry. The largest U.S. conglomerate said its acquisition of Massy, France-based Converteam would boost its offering of […]