Abu Dhabi investment fund Mubadala Development Co sold nearly a third of its stake in Advanced Micro Devices, booking a tiny gain on its investments in the micro chip maker, Reuters reported.
1 min read · 06 March 2017
A fund managed on behalf of American IT entrepreneur Michael Dell has agreed to a deal to take a stake in the investment vehicle that private equity firm KKR (KKR.N) is using to invest in German research firm GfK SE (GFKG.DE), Reuters reported.
1 min read · 06 March 2017
Yingde Gases Group Co Ltd said on Monday Chief Executive He Yuanping has resigned and will remain a director of the company until the completion of a strategic review that may result in the sale of one of China's largest industrial gases firms.
1 min read · 06 March 2017
Spanish house builder Neinor Homes said on Monday it intended to list up to 60 percent of its share capital on the Spanish stock exchange in the country's first market flotation of a residential developer in a decade.
2 min read · 06 March 2017
When Uber Technologies Inc was raising venture capital in 2013, it was one of the hottest deals around – and no one was more eager to write a check than Bill Maris and David Krane of Google's venture capital arm, Reuters reported.
5 min read · 06 March 2017
Answers Corp , which owns the Answers.com and Multiply websites, filed for Chapter 11 bankruptcy on Friday with a plan to swap ownership of the company to creditors who are owed about $540 million, according to court documents.
1 min read · 03 March 2017
U.S. high-end department store chain Neiman Marcus has hired investment bank Lazard Ltd to explore ways to bolster its balance sheet as it seeks relief from a US$4.9 billion debt pile, sources told Reuters. Neiman Marcus is in no immediate risk of bankruptcy, the sources said. However, the move makes it the highest-profile U.S. retailer to turn to a debt restructuring adviser so far this year, as consumers increasingly embrace the internet for shopping. Much of Neiman Marcus' debt load stems from its US$6 billion leveraged buyout in 2013, when its current owners, Ares Management LP and Canada Pension Plan Investment Board (CPPIB), acquired it from other private equity firms.
2 min read · 03 March 2017
British bank Shawbrook Group Plc (SHAW.L) said on Friday it has received a joint offer from two private equity firms to buy the lender less than two years since it went public, in a deal worth 825 million pounds ($1 billion).
2 min read · 03 March 2017
Uber competitor Lyft is pitching investors on a new funding round and hopes to net at least $500 million, according to a source familiar with the matter.
1 min read · 03 March 2017
India's Paytm E-Commerce Pvt Ltd has raised $200 million from China's Alibaba Group Holding and venture capital fund SAIF Partners to expand its online retail business in a market dominated by homegrown Flipkart and U.S. tech giant Amazon, Reuters reported.
1 min read · 03 March 2017
