Private Equity
Funds of private equity companies Apollo and Cerberus are selling down approximately 2.6 percent in London-listed gambling company Ladbrokes Coral, the transaction’s bookrunner said on Wednesday.
1 min read · 01 November 2017
Private equity firm Permira Funds said on Wednesday it would buy corporate finance adviser Duff & Phelps for $1.75 billion to tap the growing demand for advisory services as regulators push for improved corporate practices.
1 min read · 01 November 2017
Imagination Technologies (IMG.L) shareholders approved a 550 million pound ($730 million) cash takeover by China-backed Canyon Bridge on Tuesday, a day after the buyout firm’s founder was charged by U.S. authorities with insider trading, Reuters reported.
2 min read · 01 November 2017
Republicans in the U.S. House of Representatives will delay the release of long-awaited tax legislation by one day until Thursday, Reuters reported citing the head of the chamber’s tax-writing panel.
3 min read · 01 November 2017
Bitcoin climbed to a new all-time high of $6,450 on Wednesday, boosted by bets the cryptocurrency could enter the financial mainstream after the world’s largest derivatives exchange operator said on Tuesday it would launch bitcoin futures, Reuters reported.
1 min read · 01 November 2017
Imagination Technologies shareholders approved a 550 million pound ($730 million) cash takeover by China-backed Canyon Bridge on Tuesday, a day after the buyout firm’s founder was charged by U.S. authorities with insider trading, Reuters reported.
2 min read · 31 October 2017
Ontario Teachers’ Pension Plan said on Tuesday it would sell its 30 percent stake each in Bristol and Birmingham airports to Australia’s New South Wales Treasury Corp and investment firm Sunsuper Superannuation Fund.
1 min read · 31 October 2017
China’s CDH Investments and Hong Kong-based start-up SenseTime Group are raising about 3 billion yuan ($453 million) to invest in firms working on artificial intelligence (AI) technology, sources told Reuters.
2 min read · 31 October 2017
The founder of a private equity firm with Chinese state backing has been charged with insider trading related to the attempted acquisition of Lattice Semiconductor Corp (LSCC.O), Reuters reported.
3 min read · 31 October 2017
Britain’s Resolution Group, Swiss Re (SRENH.S) and private equity firm Cinven have expressed an interest in acquiring two large German life insurance portfolios owned by Ergo (MUVGn.DE) and Generali (GASI.MI), sources told Reuters.
2 min read · 30 October 2017
