Ashish Patel has joined anti-virus software maker AVG Technologies as senior VP of corporate development. He previously was with Intel Capital and, before that, with private equity firm Actis.
MILAN (Reuters) – Intesa Sanpaolo SpA (ISP.MI) is in preliminary talks with U.S. private equity fund Hellman & Friedman on taking a stake in its Banca Fideuram asset manager, the Italian bank said on Tuesday. The talks are for Hellman & Friedman to take a minority holding in Fideuram, Italy’s biggest asset manager, when it […]
HgCapital has agreed to acquire Frösunda LSS AB, a Swedish provider of specialist disability care, from Dutch private equity firm Polaris. No financial terms were disclosed.
(Reuters) – The top shareholder in Transurban Group (TCL.AX) slammed a decision by the Australian toll road operator to reject a $3.7 billion buyout offer on Wednesday and said it had overpaid for its latest acquisition. “We can see no logic in his decision and conclude the company has a disregard for the interests of […]
Ian Davis has joined Apax Partners as a senior advisor. He currently is a senior partner with McKinsey & Co., where he previously was a worldwide managing director. He also is a non-executive director of BP PLC.
NEW YORK (Reuters) – Niska Gas Storage Partners LLC (NKA.N) priced shares in its initial public offering at the bottom of the expected range on Tuesday, just days after an unexpected selloff in U.S. markets. Niska sold 17.5 million shares for $20.50 each, raising about $358.75 million. It had planned to sell 17.5 million units […]
HONG KONG (Reuters) – The board of directors at China electronics retailer GOME (0493.HK) said it had re-appointed three members of Bain Capital to the board after shareholders said to be affiliated with the company’s founder voted against their re-election. U.S. private equity firm Bain Capital invested $418 million into the company last June, in […]
NEW YORK (Reuters) – A private equity deal for Fidelity National Information Services Inc (FIS.N), currently being negotiated, could be worth around $15 billion if a buyout is agreed, a source familiar with the situation said on Tuesday. Three big private equity firms have teamed up to bid for Fidelity National, sources familiar with the […]
HONG KONG (Reuters) – An investing arm of Goldman Sachs (GS.N) is in the final stages of an agreement to buy AXA’s $1.05 billion stake in Taikang Life, China’s No.4 life insurer, according to sources close to the matter. The auction pitted Goldman against private equity firms and Singapore’s Temasek Holdings. AXA (AXAF.PA) and Goldman […]
John Lilly is stepping down as head of Mozilla in order to become a venture partner with Greylock, reports Kara Swisher. He took over at the open-source software nonprofit in early 2008, after having previously served as its chief operating offiver. Lilly would become Greylock’s third venture partner, joining Tom Bogan (chairman of Citrix) and […]