Four private equity firms have formed a consortium to bid on a data center business that CenturyLink Inc (CTL.N), a U.S. provider of phone and internet services, is hoping to divest for more than $2.5 billion, sources told Reuters.
2 min read · 09 September 2016
Private equity firms KKR, Bain Capital and MBK Partners are set to submit second-rounds bids to buy Japanese auto parts maker Calsonic Kansei Corp , which has a market value of $2.4 billion, people with direct knowledge of the matter told Thomson Reuters LPC.
2 min read · 09 September 2016
The world's wealthiest families saw investment returns judder to a near halt in 2015, lagging expectations for a third straight year despite gains in private equity and real estate, Reuters reported, citing a new report. The average "family office" portfolio returned just 0.3 percent in 2015, the UBS/Campden Wealth Global Family Office Report 2016 showed, down sharply from 6.1 percent in 2014 and 8.5 percent in 2013. "Private equity and real estate once again outperformed most other asset classes, and will have saved many family office executives the indignity of delivering overall portfolio losses to the beneficial owners in the last year," the report said.
2 min read · 08 September 2016
Societe Generale (SOGN.PA) is in talks to sell its 49 percent stake in a mutual fund joint venture with China's Baosteel Group to global private equity firm Warburg Pincus, sources told Reuters.
2 min read · 08 September 2016
Formula One faces its biggest shake-up in decades with the announcement on Wednesday that U.S. cable TV mogul John Malone's Liberty Media has agreed to take control of the cash-generating glamor sport, Reuters reported.
3 min read · 08 September 2016
The world's wealthiest families saw investment returns judder to a near halt in 2015, lagging expectations for a third straight year despite gains in private equity and real estate, a report on Thursday showed.
2 min read · 08 September 2016
Intel Corp (INTC.O) said it would spin out its cybersecurity division, formerly known as McAfee, and sell a majority stake in it to investment firm TPG for $3.1 billion in cash.
1 min read · 07 September 2016
Private equity firm KKR & Co has started talks with investors for a third Asia fund that it plans to formally launch by year-end and which aims to raise around $7 billion, a regional record, sources told Reuters.
1 min read · 07 September 2016
Payment processor Worldpay Group Plc's largest investors have raised about 987 million pounds ($1.32 billion) through an accelerated share placement, underwriter BofA Merrill Lynch said.
1 min read · 07 September 2016
Brazil's state-run oil company Petroleo Brasileiro SA (PETR4.SA) (PBR.N) agreed to sell 90 percent of its natural gas pipeline unit to a group of investors led by Canada's Brookfield Asset Management Inc (BAMa.TO) for $5.2 billion, Reuters reported.
2 min read · 07 September 2016
