Music streaming company Pandora Media Inc (P.N) said on Thursday it would briefly extend the closing of private equity firm KKR & Co LP's (KKR.N) $150 million investment to explore interest expressed by a strategic investor for a minority investment, Reuters reported.
1 min read · 08 June 2017
Blackstone Group (BX.N), has closed a 7.8 billion-euro ($8.79 billion) fund that will focus on European commercial real estate, a source told Reuters.
1 min read · 08 June 2017
Embattled Canadian drugmaker Valeant Pharmaceuticals International Inc said it would sell its iNova Pharmaceuticals business for US$930 million in cash as it looks to pay down debt, Reuters reported. The unit, which sells prescription and over-the-counter products, will be bought by a company jointly owned by private equity firms Pacific Equity Partners and Carlyle Group, Valeant said. The deal is expected to close in the second half of this year. Valeant is focusing on its dermatology, eye care and gastrointestinal units while pruning other assets to repay long-term debt, which stands at US$28.54 billion as of March 31.
2 min read · 08 June 2017
A consortium of private equity firms TPG Capital Management and MBK Partners, as well as telecoms firm HKBN Ltd (1310.HK), are preparing separate bids for the fixed-line phone unit of Hong Kong's richest man, Li Ka-Shing, Reuters reported.
2 min read · 08 June 2017
The U.S. Securities and Exchange Commission is poised to hire Dalia Blass to lead the division that regulates asset managers, a source told Reuters.
1 min read · 07 June 2017
Buyout groups Bain Capital and Cinven have lowered the minimum acceptance threshold for their takeover offer for German drugmaker Stada's (STAGn.DE) shares, they said on Wednesday.
1 min read · 07 June 2017
U.S. discount retailer Dollar Tree Inc (DLTR.O) has filed a lawsuit against Dollar Express which was unsealed on Tuesday, alleging that the smaller company's private equity owners siphoned off funds and failed to pay for $50 million in goods and services, Reuters reported.
1 min read · 07 June 2017
Anders Holch Povlsen, owner of Danish fashion retailer Bestseller, is buying a stake in payments firm Klarna, one of Europe's most highly valued tech startups, the firm said on Wednesday.
1 min read · 07 June 2017
Cyber security firm Illumio said on Wednesday that it has raised $125 million in a funding round led by J.P. Morgan Asset Management that will help finance product development and international expansion as the unprofitable, privately-held company looks to increase sales, Reuters reported.
2 min read · 07 June 2017
Photo-sharing application company Pinterest has raised $150 million from existing investors in its latest round of funding, which values the company at $12.3 billion, Reuters reported.
1 min read · 07 June 2017
