Reuters News

ExamWorks to be bought by Leonard Green in $2.2 bln deal: Reuters

ExamWorks Group Inc (EXAM.N), a provider of independent medical examination services for insurers, legal firms and government agencies, said on Wednesday it would be bought by private equity firm Leonard Green & Partners in a deal valued at $2.2 billion.

Lone Star raises new $5.9 bln real estate private equity fund: Reuters

Lone Star Funds, a real estate-focused private equity firm, said on Tuesday it has raised $5.9 billion for a new fund that will invest in the debt and equity of commercial property assets in the Americas, Europe and Asia Pacific.

Husky selling part interest in midstream assets for $1.7 bln: Reuters

Oil and gas producer Husky Energy Inc reported a first-quarter loss on Monday and said it has agreed to sell a partial interest in a package of Canadian midstream energy assets to two Hong Kong-based firms for $1.7 billion in cash, Reuters reported. The three companies will form a new limited partnership of which Husky will own 35 percent, Power Asset Holding Ltd will own 48.75 percent and Cheung Kong Infrastructure Holdings Ltd will own 16.25 percent. Cheung Kong Infrastructure, like Husky, is controlled by Hong Kong billionaire Li Ka-shing.

Tilton's Patriarch Partners sued by the Zohar funds she created: Reuters

Patriarch Partners, the private equity firm of flamboyant investor Lynn Tilton, is being sued for allegedly refusing to provide financial records to the new manager of the Zohar funds that she controlled until earlier this year, Reuters News reported.

Perella Weinberg in tie-up talks with Tudor Pickering: Reuters

New York-based investment bank Perella Weinberg Partners LP is engaged in discussions with Houston-based energy boutique bank Tudor Pickering Holt & Co, which could result in a merger or a partnership, Reuters News reported.

Landry's and Jefferies CEOs to launch acquisition company: Reuters

Tilman Fertitta, the Texas billionaire CEO of Landry’s Inc and Richard Handler, the CEO of investment bank Jefferies Group LLC and its parent Leucadia National Corp (LUK.N), are launching a special purpose acquisition company (SPAC) through their companies, Reuters News is reporting.

U.S. approves Charter’s Time Warner Cable buy with conditions: Reuters

The U.S. Justice Department on Monday gave antitrust approval to Charter Communications Inc's (CHTR.O) proposed purchase of Time Warner Cable Inc (TWC.N) and Bright House networks, which would create the second-largest U.S. broadband provider and third-largest video provider, Reuters News reported.

KKR slips into quarterly loss as market turbulence bites: Reuters

Choppy financial markets nudged private equity firm KKR & Co LP (KKR.N) into its second quarterly loss in less than a year on Monday, while a tough investment environment led to its undeployed capital soaring to a record $35 billion.

Ex-Fortress exec targets $500 mln for new debt, equity fund: Reuters

Maggie Arvedlund, a former Fortress Investment Group hedge fund portfolio manager and managing director, plans to start her own firm, four people familiar with the situation told Reuters.

Dividend recap deals return as junk bonds heat up: Reuters

In another sign that the US junk bond market has turned the corner, syndicate desks are prepping a number of deals that pay juicy dividends to private equity sponsors, Reuters News reported.