Private equity firm Cinven is in final talks over buying travel operator TUI's Hotelbeds unit, a source close to the negotiations told Reuters on Monday.
1 min read · 25 April 2016
Drugmaker Novartis (NOVN.S) aims to dispose of a 13.5 billion Swiss franc ($13.8 billion) stake in its local rival Roche (ROG.S) and has already hired banks to support the selling process, a Swiss paper reported on Sunday.
1 min read · 25 April 2016
The lackluster market debut of SecureWorks Corp, the cyber unit of Dell Inc, failed to rally the battered technology U.S. IPO market on Friday, a reminder that Wall Street does not welcome cash-burning companies without profits, Reuters News reported.
3 min read · 24 April 2016
European buyout firm Permira is considering selling Japan's sushi chain operator Akindo Sushiro Co in an initial public offering (IPO) and is in the process of choosing underwriters, people with direct knowledge of the matter said.
1 min read · 22 April 2016
Dell Inc's cyber security unit SecureWorks Corp (SCWX.O) raised $112 million in the first U.S. initial public offering of a technology company in 2016, less than it had hoped for, amid investor skepticism over its profit margins and prospects.
2 min read · 22 April 2016
strong>Blackstone Group, the world's largest alternative asset manager, on Thursday posted unexpectedly weak earnings growth between January and March, hit by a difficult financial market, but it promised to scour for bargains in a tough environment, Reuters News reported.
2 min read · 21 April 2016
U.S. private equity firm Blackstone Group LP is considering a takeover of Canadian drug developer Concordia Healthcare Corp, Reuters reported, citing a story by Bloomberg. The talks are at an early stage and a deal may not happen, Bloomberg said. Last year, Concordia acquired London, U.K.-based Amdipharm Mercury Ltd for US$3.3 billion. The deal gave Amdipharm backer Cinven, a European private equity firm, a minority interest in Concordia.
2 min read · 21 April 2016
The parent of Britain's Daily Mail said on Wednesday it had not submitted its own bid to buy Yahoo Inc's core Internet business, but was still in talks to partner with other suitors of the U.S. company, Reuters News reported.
2 min read · 21 April 2016
Global insurers expect private equity to produce the highest returns in the next year and a quarter plan to increase allocations to the asset class, Reuters News reported citing a Goldman Sachs Asset Management survey.
1 min read · 20 April 2016
GP Investments Acquisition Corp (GPIAC) (GPIA.O) said it agreed to buy the owner of World Kitchen LLC, which makes Pyrex and Corelle kitchenware, in a $566 million cash-and-stock deal, Reuters News reported.
1 min read · 20 April 2016
