Reuters News

E.ON hires Goldman to explore options for Uniper stake: Reuters

German energy group E.ON (EONGn.DE) has hired Goldman Sachs (GS.N) to explore options for a sale of the group's remaining stake in Uniper (UN01.DE), the power plant and trading business it spun off last year, Reuters reported.

Leonard Green explores sale of USIC, say sources: Reuters

Buyout firm Leonard Green & Partners is exploring the sale of USIC LLC, a U.S. company which locates and maintains the underground cables of utilities, seeking a valuation of close to $2 billion, including debt, sources told Reuters.

Goldman Sachs names new head of EMEA equities e-trading, says memo: Reuters

Wall Street bank Goldman Sachs has promoted Elizabeth Martin as head of EMEA (Europe, the Middle East and Africa) execution and EMEA equities systematic market making, according to a memo on Tuesday, Reuters reported.

Spanish fragrance maker Iberchem attracts private equity bids, say sources: Reuters

Spanish fragrance maker Iberchem has attracted first-round offers from several private equity groups in a deal potentially valuing the company at about 400 million euros ($448 million), sources told Reuters.

Yao Ming's PE firm seeks $250 mln for overseas sports assets with China angle: Reuters

Yao Capital, the Chinese private equity firm co-founded by former NBA superstar Yao Ming, said it aims to raise $250 million for its first U.S. dollar fund that will invest in overseas sports assets with relevance to the Chinese market.

Bain makes first foray into China NPLs with $200 mln portfolio purchase: Reuters

Bain Capital said on Monday it has agreed to buy a portfolio of non-performing loans (NPLs) worth $200 million in principal from a Chinese asset manager, in what two people close to the matter said was the U.S. private equity firm's first such deal in China.

Western Digital may join Japan-KKR group for Toshiba chip unit bid: Reuters

Western Digital Corp (WDC.O) may join a consortium of Japanese government money and KKR & Co LP (KKR.N) to bid for Toshiba Corp's (6502.T) chip unit, backing away from an earlier demand for an immediate majority stake, Reuters reported.

Fairfax Financial to sell 12.2 pct of Indian insurer ICICI Lombard: Reuters

Canada's Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees (US$3.15 billion), Reuters reported. Red Bloom Investment Ltd, a company wholly owned by private equity investment funds managed by Warburg Pincus, is buying a 9 percent stake, while two other investors, Tamarind Capital Pte Ltd and IIFL ‎Special Opportunities Fund, are buying 1.59 percent each from Fairfax. After the sale, India's ICICI Bank Ltd will own about 63.3 percent of the insurer, while Fairfax's stake will come down to about 22.1 percent.

Israel's Netafim draws interest from private equity, Chinese bidders: Reuters

International buyout groups and Chinese investment funds are expected to submit bids for Israeli irrigation firm Netafim, which could fetch around $1.5 billion, within the next few weeks, Reuters reported.

Temasek's venture arm Vertex to launch new Israel, U.S. funds in 2018: Reuters

Vertex Holdings, the venture capital arm of Singapore state investor Temasek Holdings (Pte) Ltd, expects to raise two separate funds for investments in Israel and the United States in 2018 after deploying most of the capital of existing funds there, Reuters reported.