European private equity house BC Partners is in exclusive talks to buy a majority stake in Israeli furniture maker Keter Plastic in a deal that could value Keter at nearly $1.6 billion, a source told Reuters.
1 min read · 20 July 2016
Pacific Investment Management Co (PIMCO) has poached Emmanuel 'Manny' Roman from Man Group (EMG.L), the world's biggest listed hedge fund, as it tries to reverse a slump in fortunes since co-founder Bill Gross left in 2014, Reuters reported.
3 min read · 20 July 2016
Unilever Plc (ULVR.L) said it has agreed to buy U.S.-based men's grooming brand Dollar Shave Club in a deal that would expand the consumer goods group's catalog of personal care products, Reuters News reported.
1 min read · 20 July 2016
Warburg Pincus LLC has agreed to invest in U.S. environmental testing and sanitation company Hygiena LLC, the private equity firm said on Wednesday, gaining exposure to a business that grew sharply over the past decade, Reuters News reporting.
1 min read · 20 July 2016
Goldman Sachs Group Inc (GS.N) reported a higher second-quarter profit on Tuesday, as it benefited from a sharp decline in expenses and more activity in some parts of the fixed-income markets, but most of its businesses came under pressure.
3 min read · 19 July 2016
Online student loan company CommonBond said on Tuesday that it had raised $30 million in new funding, including from the private equity arm of investment manager Neuberger Berman.
1 min read · 19 July 2016
The son of a former United Parcel Service Inc executive was sentenced on Monday to a year in prison for orchestrating a fraudulent scheme in which he impersonated his successful father to raise money to buy the men's magazine Maxim, Reuters News reported.
2 min read · 19 July 2016
A Berkshire Hathaway Inc (BRKa.N) unit has agreed to buy Medical Liability Mutual Insurance Co, expanding billionaire investor Warren Buffett's business of protecting doctors, dentists and other healthcare professionals against lawsuits, Reuters News reported.
2 min read · 19 July 2016
Swedish start-up Lifesum said on Monday it had raised $10 million in a funding round led by venture capital firm Nokia Growth Partners, which it will spend on new staff and product development as it expands in Europe and the United States.
1 min read · 18 July 2016
As hedge fund manager Buford Scott sat at home, watching the TV in shock as it emerged Britain had voted to leave the European Union, his computer-based trading models were quietly boosting his business by 1.5 percent, Reuters News reported.
3 min read · 18 July 2016
