Catherine Badour

Advent starts preparations for IPO, sale of Addiko bank, say sources: Reuters

Private equity group Advent is starting preparations for an initial public offering or sale of its Vienna-based bank Addiko, which has a strong presence in the Balkans, sources told Reuters.

TravelPerk wins new funding for consumer-like business travel site: Reuters

Corporate travel bookings start-up TravelPerk has raised $44 million in new venture funding and is on track to more than triple bookings to 1 million next year as it aims to transform the business travel market, Reuters reported.

Singapore's Temasek to buy Israeli cybersecurity firm Sygnia: Reuters

Israeli cybersecurity technology and services provider Sygnia said on Tuesday it will be acquired by Singapore-based investment firm Temasek for an undisclosed amount.

KKR executives pull out of Saudi conference: Reuters

Joseph Bae, co-president and co-chief operating officer of private equity firm KKR & Co LP (KKR.N), and David Petraeus, chairman of the KKR Global Institute, have withdrawn from the Future Investment Initiative conference to be held in Saudi Arabia next week, Reuters reported.

Fidelity launches new company for trading and storing cryptocurrencies: Reuters

Fidelity Investments has launched a new company for its institutional clients that will trade and store digital assets such as bitcoin, Reuters reported.

Cavalli owner hires Rothschild to find minority partner, say sources: Reuters

Private equity Clessidra has hired Rothschild to look into the option of finding a minority partner for fashion group Roberto Cavalli to help fund growth, two sources familiar with the matter said on Monday, confirming earlier press reports.

Australia's Investa Office Fund gives Blackstone four days to match rival bid: Reuters

Investa Office Fund (IOF) (IOF.AX) said on Monday it has given private equity firm Blackstone (BX.N) four days to match a rival offer by Canada’s Oxford Properties Group as the bidding war for the Australian office owner comes to a head.

China's Innovent Biologics looks to raise up to $422 million in HK IPO, say sources: Reuters

Chinese biotech firm Innovent Biologics is looking to raise up to $422 million in its Hong Kong IPO, sources told Reuters, in what could be the biggest biotech IPO in the financial hub this year.

Sears, once a retail titan, files for Chapter 11 bankruptcy: Reuters

Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday with a plan to close 142 more stores, throwing into doubt the future of the century-old retailer that once dominated U.S. malls but has withered in the age of internet shopping, Reuters reported.

SoftBank picks Nomura, Goldman, three others to lead mobile unit's IPO, says source: Reuters

SoftBank Group Corp has chosen five investment banks, including units of Nomura Holdings Inc and Goldman Sachs, as lead underwriters for the mammoth initial public offering of its mobile-phone unit, a source told Reuters.