Reuters News

Blackstone Group winds down Senfina hedge fund: Reuters

Blackstone Group is winding down its "big bet" hedge fund Senfina Advisors LLC after it faced mounting double-digit losses on its investments this year, Reuters reported.

Huawei in talks to buy Israeli cyber company HexaTier, say sources: Reuters

Chinese smartphone maker Huawei is negotiating the acquisition of Israeli start-up HexaTier, whose technology secures databases in the cloud, industry sources in the two countries said on Tuesday.

Amaya's ex-CEO ends talks to buy company: Reuters

Amaya Inc's founder David Baazov said on Tuesday he had ended talks to buy the Canadian online gambling company because some shareholders were demanding a higher premium. Baazov, Amaya's former chief executive, offered to buy the company in mid-November in a deal valued at about US$4.1 billion. Including debt and transaction costs, the deal was for US$6.7 billion. Baazov and four private investment funds were to have financed US$3.65 billion of the deal.

Bahrain's Investcorp to sell Optiv Security stake to KKR: Reuters

Investcorp Bank has agreed to sell its stake in cybersecurity company Optiv Security Inc to private equity firm KKR & Co, Reuters reported.

CCL to buy Innovia from Smithfield-led group for $1.13 bln: Reuters

Canadian label and packaging maker CCL Industries Inc said it would buy Innovia Group, which supplies the new British plastic five pound note that has fallen foul of vegetarians, for around $1.13 billion. The acquisition of U.K.-based Innovia is expected to make Toronto's CCL the world leader in the fast-growing polymer banknote market. CCL is buying Innovia debt free and net of cash from a consortium of U.K. private equity investors managed by The Smithfield Group LLP.

Ride hailing app Careem says closes first part of $500 million funding round: Reuters

Ride-hailing app Careem has closed the first part of a $500 million funding round backed by investors including Japan's Rakuten Inc and Saudi Telecom Co (STC), the Dubai-based company said in a statement on Monday.

SoftBank to invest $1 billion in U.S. venture OneWeb as part of $50 billion pledge: Reuters

SoftBank Group Corp has agreed to invest $1 billion in U.S. satellite venture OneWeb Ltd, marking the first tranche of a $50 billion U.S. investment the Japanese telecoms and technology company's founder Masayoshi Son pledged to President-elect Donald Trump, Reuters reported.

Israeli augmented reality firm Lumus raises another $30 million: Reuters

Lumus, a developer of technology for augmented reality, said on Monday it has completed a $45 million funding round with an additional $30 million from investors including Taiwan's Quanta Computer and consumer electronics firm HTC.

Onex lines up $929 mln financing for Parkdean buyout: Reuters

Five banks and a fund have lined up around £750 million (US$929 million) of debt financing to back Onex Corp's buyout of British holiday park operator Parkdean Resorts, banking sources told Reuters. Bank of America Merrill Lynch, Barclays, JP Morgan,‎ RBC and SMBC have underwitten a £600 million senior leveraged loan, which is due to launch for syndication to institutional investors in January. Ares is sole provider of a £150 million of second lien loan.

Airbnb seeks to raise an additional $153 million: Reuters

Airbnb Inc is looking to raise an additional $153 million as an extension of a recent funding round, boosting its coffers as the company pushes forward with global expansion.