Cyber security company Optiv Security Inc is working with Goldman Sachs Group Inc and Morgan Stanley on an initial public offering that could come as soon as the second half of 2016, Reuters News reported.
1 min read · 14 April 2016
Australia's Macquarie Group Ltd (MQG.AX) shed close to 15 percent of its U.S. investment banking workforce this month to replenish its ranks with star performers in North America, Reuters News reported.
2 min read · 14 April 2016
McDonald's Corp (MCD.N) is targeting private equity firms, including Bain Capital, MBK Partners, TPG Capital Management and Chinese state-backed conglomerate China Resources (Holdings) for its planned sale of 2,800 restaurants in North Asia, Reuters News is reporting.
4 min read · 14 April 2016
Shares of U.S. chipmaker Integrated Device Technology Inc soared more than 20 percent on Tuesday after an investor group said it had offered to buy the company, but the stock lost most of the gains after doubts were raised about the validity of the offer, Reuters News reported.
2 min read · 13 April 2016
Serial Silicon Valley entrepreneur Max Levchin has raised $100 million for his consumer lending startup Affirm, bucking the trend of falling valuations and slowing growth confronting other financial technology companies, Reuters News reported.
2 min read · 13 April 2016
(Reuters) Nomura Holdings Inc is laying off more than two-thirds of its U.S. employees who focus on leveraged buyouts, people familiar with the matter said on Tuesday. Mark Epley, former co-chief of Nomura’s global financial sponsors group, and Carl Mayer, who headed leverage finance in the United States, left the bank on Tuesday, the sources said.
3 min read · 13 April 2016
(Reuters) Buyout group Centerbridge has joined up with Deutsche Telekom to bid for Tipico as an auction of Germany’s largest private sports betting group nears an end, two people familiar with the matter said. Centerbridge would buy the majority of Tipico, which is being sold by its founders, they said. The planned offer may value Tipico at about 1 billion euros ($1.1 billion), or roughly 9 times its expected core earnings, one of the people said.
2 min read · 13 April 2016
(Reuters) SynteractHCR Inc, a privately held U.S. contract research organization, is exploring a sale that could value it at close to $1.5 billion, including debt, according to people familiar with the matter. SynteractHCR’s owner, Gryphon Investors, is working with Wells Fargo & Co to run an auction for the company, the people said.
1 min read · 13 April 2016
(Reuters) Brazilian miner Vale is teaming up with U.S. private equity firm Apollo to bid for Anglo American’s niobium and phosphates business in Brazil, three sources familiar with the matter said on Tuesday.
2 min read · 13 April 2016
(Reuters) TPG Global LLC is considering a sale of Vertafore Inc, hoping a deal will value the U.S. provider of software to the insurance industry at more than $2.5 billion including debt, according to three people familiar with the matter, Reuters reported.
2 min read · 12 April 2016
