German engineering group Aumann is planning a stock market-listing as the maker of parts for electric engines seeks cash for its expansion, sources told Reuters.
1 min read · 18 January 2017
Affiliates of private equity firm Warburg Pincus have bought a 14 percent stake in India's largest multiplex chain PVR Ltd for 8.2 billion rupees ($120.5 million), PVR said on Wednesday.
1 min read · 18 January 2017
Royal Bank of Canada is hiring a pioneer in artificial intelligence (AI) as an advisor to a new research lab the bank is establishing as part of its investment in AI and machine learning, Reuters reported. The bank declined to say how much is being invested, but estimated that its ongoing investments in AI will total in the tens of millions of dollars over the coming years. RBC Research said it is looking into how AI can be applied in banking and it will be working with Richard Sutton, a professor of computing science at the University of Alberta.
2 min read · 18 January 2017
The parent of Chuck E. Cheese has begun preparations for an initial public offering (IPO) that could value the U.S. restaurant chain at more than $1 billion, including debt, Reuters reported.
2 min read · 18 January 2017
Claire's Inc, known for its affordable jewelry and ear piercing services, said it was withdrawing its plans to go public, more than three years after filing for an initial public offering.
1 min read · 17 January 2017
Activist investor Elliott Management and private equity firm Bluescape Energy Partners said they bought stakes in NRG Energy Inc and would team up to urge the power producer to make strategic changes to the company.
1 min read · 17 January 2017
Indian online healthcare platform Practo said on Tuesday it had raised $55 million from new and existing investors in a fresh round of funding led by China's Tencent Holdings.
1 min read · 17 January 2017
Billionaire Wilbur Ross, chosen by Donald Trump to help implement the president-elect's trade agenda, earned his fortune in part by running businesses that have offshored thousands of U.S. jobs, according to Labor Department data attained by Reuters.
5 min read · 17 January 2017
Carlyle Group (CG.O) has agreed to become the largest shareholder in Johannesburg-based Global Credit Ratings (GCR), the U.S. buyout fund said on Tuesday, looking to broaden the pan-African ratings agency's services, Reuters reported.
2 min read · 17 January 2017
Portag3 Ventures, a financial technology fund backed by Canada's Power Financial Corp, has invested an undisclosed amount in finance startup Street Contxt, Portag3's president told Reuters. "Our target for this coming year is to make 10 to 15 investments," Adam Felesky, Portag3 president and co-founder said. "The most recent one we did was Street Contxt." Started in 2012, Toronto-based Street Contxt lets financial analysts distribute their research reports to capital markets clients and track how they are used, and offers a system for money managers to organize and make the most of the research they amass.
2 min read · 16 January 2017
