Reuters News

RetailMeNot to be bought by Harland Clarke: Reuters

Online coupon provider RetailMeNot Inc (SALE.O) said it had agreed to be bought by Harland Clarke Holdings Corp for about $555 million, according to Reuters' calculation.

China-backed fund to acquire Xcerra for $580 million: Reuters

A unit of a large China-based semiconductor investment fund has agreed to acquire U.S. semiconductor testing company Xcerra Corp (XCRA.O) for $580 million in cash, the companies said on Monday.

Italy's Stefanel to be relaunched, sold within 5 years, says source: Reuters

Two private equity funds that have agreed to take over loss-making Italian clothing company Stefanel plan to relaunch the brand and sell it within five years, a source told Reuters

Indian private equity firm to acquire Religare Health Insurance: Reuters

A consortium of investors led by Indian private equity fund True North has agreed to acquire Religare Enterprises Ltd's health insurance business in the country, the groups said in a joint statement on Sunday.

Bain, Cinven pay up to win backing for Stada deal: Reuters

Buyout groups Bain Capital and Cinven won an auction for German drugmaker Stada (STAGn.DE) on Monday after a surprisingly large increase on a previous bid valued the company at about 5.3 billion euros ($5.6 billion), Reuters reported.

Aspen Skiing, KSL Capital to buy Intrawest for $1.5 bln: Reuters

Ski resorts operator Aspen Skiing Co LLC and U.S. private equity firm KSL Capital Partners LLC will buy Intrawest Resorts Holdings Inc for about US$1.5 billion, including debt, Reuters reported. Intrawest's shares had risen 49 percent since January 12, the day before Reuters reported that it was working with investment banks on a possible sale. Intrawest, which has its principal Canadian office in Banff, Alberta, is majority-owned by U.S. private equity firm Fortress Investment Group LLC. Fortress took Intrawest private in 2006 for US$2.8 billion, and then took it public again in 2014.

India's Flipkart raises $1.4 billion from Tencent, eBay, Microsoft: Reuters

India's top e-commerce firm Flipkart has raised $1.4 billion from Tencent Holdings Ltd, Microsoft Corp and eBay Inc, Reuters reported.

Hyatt heir Pritzker opens Democratic bid to unseat Illinois governor: Reuters

Billionaire investor J.B. Pritzker, heir to the Hyatt Hotels Corp fortune, formally entered a growing Democratic field for Illinois governor on Thursday, labeling Republican Bruce Rauner a "failure" as the state's chief executive, Reuters reported.

Buyout group SVP combines European packaging firms ahead of U.S. listing: Reuters

Private equity group SVPGlobal will combine its packaging firms Kloeckner Pentaplast and Linpac to increase their clout ahead of a planned stock market listing, Reuters reported.

Lyft valued at $7.5 billion in new funding round, says source: Reuters

Ride services company Lyft Inc has nearly completed a funding round of at least $500 million, valuing the company at $7.5 billion, a source told Reuters.