Bain Capital LLC and Golden Gate Capital Corp are competing to acquire Ann Inc, the struggling U.S. women’s retailer and owner of the Ann Taylor brand, people familiar with the matter told Reuters.
2 min read · 04 March 2015
Bain Capital LLC and Golden Gate Capital Corp are competing to acquire Ann Inc, the struggling U.S. women’s retailer and owner of the Ann Taylor brand, people familiar with the matter told Reuters.
2 min read · 04 March 2015
Britain agreed to sell its 40 percent stake in the Eurostar rail link for 585 million pounds (US$899.79 million) to a consortium of the Caisse de dépôt et placement du Québec and U.K. asset manager Hermes, Reuters reported. The consortium, Patina Rail LLP, will result in the Caisse owning a 30 percent stake in Eurostar, and Hermes owning a 10 percent stake.
2 min read · 04 March 2015
U.S. private equity firm Hellman & Friedman and U.S. asset manager Fortress Investment Group are lining up a joint bid for Italian bank services provider ICBPI, ahead of a March 23 deadline, two sources familiar with the matter told Reuters.
2 min read · 04 March 2015
U.S. private equity firm Hellman & Friedman and U.S. asset manager Fortress Investment Group are lining up a joint bid for Italian bank services provider ICBPI, ahead of a March 23 deadline, two sources familiar with the matter told Reuters.
2 min read · 04 March 2015
The following bids, mergers, acquisitions and disposals were reported by Reuters as of 2100 GMT on Tuesday, March 2, 2015:
4 min read · 04 March 2015
The following bids, mergers, acquisitions and disposals were reported by Reuters as of 2100 GMT on Tuesday, March 2, 2015:
4 min read · 04 March 2015
Deimos Asset Management has launched its new hedge fund management business, which was formed through a recent management buyout of Guggenheim Global Trading's platform. Ontario Teachers’ Pension Plan (OTTP) is an anchor investor in Deimos’ multi-strategy product, while Ares Management has made a strategic investment in the firm. Based in Purchase, New York, Deimos launched its operations with nine investment strategies focused initially on the United States and Europe. It is co-led by Mark Standish, a former executive at the Royal Bank of Canada and co-CEO of RBC Capital Markets.
4 min read · 03 March 2015
Novetta Solutions LLC, a provider of software and IT services to the U.S. intelligence community, is exploring a sale which could value it at more than $650 million, including debt, people familiar with the matter told Reuters.
2 min read · 03 March 2015
As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry, Reuters reports.
3 min read · 03 March 2015
