The U.S. Securities and Exchange Commission said on Wednesday it froze the assets of certain traders in a suspected insider trading scheme involving more than $3.6 million in profits related to the takeover Fortress Investment Group (FIG.N) by Japan's SoftBank Group Corp (9984.T).
1 min read · 01 March 2017
Co-chief executive of buyout fund Carlyle Group David Rubenstein said on Wednesday private equity investors in the energy, healthcare, industrial and financial sectors are likely to benefit from the new U.S. administration.
1 min read · 01 March 2017
Hong Kong-based private equity firm PAG has struck a deal with the three co-founders of Yingde Gases to buy their stake in the firm for $616 million, the latest twist in a months-long battle for control one of China's largest industrial gases company, Reuters reported.
2 min read · 01 March 2017
Britain's Mitie (MTO.L) has struck a deal to sell its home healthcare business to specialist investor Apposite Capital for a nominal 2 pounds and is taking another writedown on the value of the loss-making business, Reuters reported.
2 min read · 01 March 2017
Fashion house BCBG Max Azria Group LLC filed for bankruptcy protection on Wednesday, the latest casualty in the struggling U.S. retail sector, as shoppers abandon malls in favor of internet shopping, Reuters reported.
2 min read · 01 March 2017
Chinese bike-sharing start-up ofo said it has raised $450 million in a fresh round of funding, as the firm faces up against deep-pocketed rival Mobike in one of the hottest sectors to attract tech investors, Reuters reported.
1 min read · 01 March 2017
Toronto-based retail operator YM Inc is preparing to submit an offer for the intellectual property of The Wet Seal LLC, as the 55-year-old U.S. teen retailer grapples with its second bankruptcy in the past two years, a source told Reuters. YM, which owns Canadian chains Stitches, Sirens and Suzy Shier, plans to submit a stalking-horse bid for Wet Seal's IP, the source said. Wet Seal, which is owned by U.S. private equity firm Versa Capital Management, filed for bankruptcy in February with liabilities between US$50 million and US$100 million after it failed to find financing to continue as a going concern.
2 min read · 28 February 2017
Airbus (AIR.PA) said on Tuesday it had finalized the sale of its Germany-based Defense Electronics business to global investment firm KKR (KKR.N), following a series of approvals, including a green light from the German government.
1 min read · 28 February 2017
Toronto-based retail operator YM Inc is preparing to submit an offer for the intellectual property of The Wet Seal LLC, as the 55-year-old U.S. teen retailer grapples with its second bankruptcy in the past two years, a source told Reuters.
2 min read · 28 February 2017
Comcast Corp (CMCSA.O) said on Tuesday it would buy the 49 percent it does not already own in Universal Studios Japan (USJ) for 254.8 billion yen ($2.27 billion) as the No. 1 U.S. cable operator seeks to expand its Asian theme parks business.
1 min read · 28 February 2017
