Blackstone Group LP (BX.N), the world's largest alternative asset manager, reported weaker-than-expected fourth-quarter earnings on Thursday as falling oil prices and a choppy credit market dragged on its investments, Reuters reported.
2 min read · 28 January 2016
Britain's Universities Superannuation Scheme has sold private equity stakes worth some 640 million pounds ($917 million) to French fund manager Ardian, the latest pension fund to take more control of such investments, Reuters reported.
1 min read · 28 January 2016
Australian port operator Qube Holdings Ltd said a Chinese sovereign wealth fund was taking part in its US$6.3 billion bid for rail giant Asciano Ltd, Reuters reported. Qube revealed the participation of China Investment Corp as it made the binding cash-and-share offer, which narrowly bests an offer from Canada's Brookfield Asset Management.
2 min read · 28 January 2016
Issuers largely steered clear of primary markets this week, sidestepping the ongoing panic that has pushed numerous equity indices into bear market territory and sent the rouble and Mexican peso to record lows, Reuters News reported.
5 min read · 28 January 2016
Music streaming service Spotify is seeking to raise $500 million from investors to finance future growth through convertible notes, Swedish daily Svenska Dagbladet reported on Wednesday.
1 min read · 28 January 2016
The line-up of bidders for SABMiller's Peroni and Grolsch beers has changed, with U.S. private equity firm KKR replacing Bain Capital, which was unwilling to engage in a bidding war with industry players, three sources familiar with the matter said.
2 min read · 27 January 2016
Verso Corp, a leading U.S. producer of printing and specialty papers, filed for Chapter 11 bankruptcy on Tuesday to cut its debt as demand for its products has waned with the growth of electronic media and cheaper imports, Reuters News reported.
2 min read · 27 January 2016
U.S. buyout funds KKR & Co (KKR.N) and Bain Capital, as well as Fujifilm Holdings Corp (4901.T), are among potential bidders for a medical equipment unit of financially troubled Toshiba Corp (6502.T) in a deal that could fetch more than $3 billion, people familiar with the process said on Wednesday.
2 min read · 27 January 2016
American International Group Inc said it would spin off its mortgage insurance unit, cut jobs and sell its broker-dealer network as part of a sweeping overhaul promised to shareholders to fend off activist investor Carl Icahn, Reuters reported. AIG agreed to sell AIG Advisor Group to U.S. private equity firm Lightyear Capital LLC and Canada's PSP Investments.
2 min read · 27 January 2016
Sony Corp (6758.T) said it will buy Israeli chipmaker Altair Semiconductor for $212 million, stepping up its investment in chip technology after strong sales of camera sensors in the last few years helped turn around the business, Reuters reported.
1 min read · 26 January 2016
