Reuters News

SVG spurns HarbourVest's $1.4 billion bid, says in talks with others: Reuters

Britain's SVG Capital (SVI.L) rejected a hostile bid by U.S. rival HarbourVest on Friday, saying the $1.35 billion offer undervalued the listed private equity firm, and it was in talks with other potential suitors, Reuters reported.

Infor working with Morgan Stanley after investment interest: Reuters

Infor Inc, a business software company which could be valued at more than $9 billion including debt, is working with Morgan Stanley to handle approaches from buyout firms interested in acquiring a stake, sources told Reuters.

Expedia picks banks for Trivago float, say sources: Reuters

Online travel firm Expedia has picked advisors for the planned stock market listing of its Trivago travel search site, sources told Reuters.

Investor pressure grows at SunOpta as third hedge fund reports stake: Reuters

U.S. activist investor Engaged Capital reported a 7.5 percent stake in SunOpta Inc and said it had signed a confidentiality agreement with the Canadian organic food company to provide strategic advice, Reuters reported. The move comes as SunOpta faces increasing activist shareholder pressure. U.S. hedge fund Tourbillon Capital pressured SunOpta to explore a sale earlier this year. In July, it was said that Canadian hedge fund West Face Capital had a stake and could push for board and management changes should a sale fail to materialize.

College operator ITT Educational Services plans bankruptcy, say sources: Reuters

For-profit U.S. college operator ITT Educational Services Inc is preparing to file for bankruptcy after the U.S. government restricted financial aid to new students, sources told Reuters.

Golfsmith files for bankruptcy protection, to sell retail chain: Reuters

Specialty golf retailer Golfsmith International Inc filed for Chapter 11 bankruptcy on Wednesday and agreed to sell its Canadian retail chain to a group led by Fairfax Financial Holdings Ltd and a unit of CI Investments Inc, Reuters reported.

Italy's Investindustrial buys kitchen maker Arclinea: Reuters

Italian private equity firm Investindustrial has agreed to buy a majority stake in kitchen maker Arclinea through furniture group B&B Italia, widening its footprint in the design industry.

Polish billionaire may join race for SABMiller's east Europe brands: Reuters

Polish billionaire Sebastian Kulczyk could team up with private equity funds in a potential joint bid for SABMiller's (SAB.L) central and eastern European beer brands, Puls Biznesu daily said on Thursday quoting unnamed sources.

Caesars directors must 'pony up' details of wealth: Reuters

Billionaire investors Marc Rowan and David Bonderman are among Caesars Entertainment Corp directors who must disclose details of their wealth to creditors of the casino holding company's bankrupt subsidiary, Reuters reported.

McDonald's gets final bids for North Asia outlets: Reuters

Fast-food giant McDonald's Corp (MCD.N) has received final bids from at least three groups for its China and Hong Kong outlets, with global private equity firms Carlyle Group (CG.O) and TPG Capital separately teaming up with Chinese partners for the business worth up to $3 billion, sources told Reuters.