Carlyle Group LP (CG.O) and Bain Capital LLC are the only major global buyout firms left bidding for McDonald's Corp's (MCD.N) restaurants in China and Hong Kong after TPG Capital Management LP pulled out, sources told Reuters.
1 min read · 27 October 2016
Hungarian holding company Opimus has acquired the publisher Mediaworks from Austrian businessman Heinrich Pecina's Vienna Capital Partners, the company said in a statement on Tuesday, bringing the company into government-friendly hands.
1 min read · 26 October 2016
Southeast Asian private equity firm Northstar Group agreed to acquire Singapore-listed Innovalues Ltd, a manufacturer of precision machine parts, for S$331.4 million ($239 million) in its latest buyout, Reuters reported.
1 min read · 26 October 2016
British packaging group RPC is preparing a bid for private equity-owned French peer Albea in a potential $1.5 billion deal as it seeks to broaden its footprint in bottles, dispensers and tubes for cosmetics, sources told Reuters.
2 min read · 26 October 2016
Private equity firm Carlyle Group L.P. (CG.O) reported lower-than-expected third-quarter earnings on Wednesday, after some of its investments failed to beat gains in the broader U.S. stock market and despite a strong rebound in oil prices, Reuters reported.
1 min read · 26 October 2016
The bankrupt operating unit of Caesars Entertainment Corp has reached an agreement with a main holdout creditor, hedge fund Trilogy Capital Management, a filing with an Illinois district court showed on Tuesday, Reuters reported.
1 min read · 26 October 2016
U.S. hedge fund D.E. Shaw and Co has made a non-binding proposal to replace SunEdison Inc as the operating sponsor of TerraForm Power Inc, an "yieldco" created by the bankrupt solar company, Reuters reported. Canada's Brookfield Asset Management and U.S. hedge fund Appaloosa Management have also shown interest in buying SunEdison's stake in TerraForm Power. Once the fastest-growing U.S. renewable energy company, SunEdison filed for Chapter 11 bankruptcy protection in April after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable.
2 min read · 25 October 2016
Private equity firm KKR & Co LP (KKR.N) reported higher-than-expected third-quarter earnings on Tuesday as stronger energy and credit markets boosted investment returns.
1 min read · 25 October 2016
Bahrain-based private equity firm Investcorp (INVB.BH) is set to buy 3i Group’s (III.L) debt-management business, it was announced on Tuesday, rebranding it Investcorp Credit Management, Reuters reported.
2 min read · 25 October 2016
Abu Dhabi Financial Group (ADFG), on Tuesday launched a $200 million fund to invest in Gulf equities, the first fund on the Abu Dhabi Global Market (ADGM), Reuters reported.
1 min read · 25 October 2016
