Reuters News

US banks pull back from underwriting European buyouts: Reuters

US banks are pulling back from underwriting European buyout loans, in the first sign turmoil in the US leveraged loan market is spilling over the Atlantic, loan bankers said on Friday, Reuters News reported.

Accel sells $100 mln stake in India's Flipkart: Economic Times

Venture capital firm Accel Partners has sold a small stake in Indian e-commerce firm Flipkart to sovereign wealth fund Qatar Investment Authority (QIA) for $100 million, the Economic Times reported on Monday, citing two people aware of the transaction.

Ride-hailing firm Lyft plans to raise up to $1 billion in financing: Bloomberg

Ride-hailing app Lyft Inc, Uber Technologies Inc's biggest competition in the United States, expects to raise up to $1 billion in a new round of financing, Bloomberg reported citing a Delaware state filing.

Panasonic buys U.S. refrigeration firm Hussmann for $1.5 billion: Reuters

Japanese electronics maker Panasonic Corp is set to buy U.S. refrigeration firm Hussmann for over 186.6 billion yen ($1.5 billion) in a deal it says will leverage its technology and help it break into the U.S. food distribution industry, Reuters News reported.

KKR among suitors to buy Sharp's business: Nikkei

U.S. buyout firm KKR & Co (KKR.N) is among other private equity firms which are interested in investing in Sharp Corp (6753.T), Nikkei business daily reported Saturday, without citing sources.

GP Investments confirms immediate bid for BTG-backed BR Properties: Reuters

Bermuda-based GP Investments Ltd, Latin America's largest buyout firm, said late on Friday it planned to immediately launch an offer to buy as much as 63 percent of Brazilian real estate company BR Properties SA, Reuters News reported.

Private equity seeks to soothe $163 bln headache: Reuters

How to spend it? That's the leading question for buyout firms and their investors, as the amount of capital coming into the market forces both sides to rethink their strategies, Reuters reported. For private equity managers, the money mountain has created a US$163 billion headache.

Apollo in the lead to acquire Maxim Crane, say sources: Reuters

Buyout firm Apollo Global Management LLC (APO.N) is in advanced talks to acquire Maxim Crane Works LP, one of the largest U.S. providers of lifting equipment, for more than $1 billion including debt, sources told Reuters.

Qihoo 360 to be taken private in $9.3 bln deal: Reuters

Chinese mobile security software maker Qihoo 360 Technology Co said it agreed to be acquired by a group of investors for about $9.3 billion, including about $1.6 billion of debt, Reuters reported.

Lone Star enters exclusive talks with Brazil's BTG to buy Recovery, says source: Reuters

Lone Star Funds on Thursday signed an agreement for exclusive talks to acquire Grupo BTG Pactual's (BBTG11.SA) 50 percent stake in Recovery do Brasil, the biggest debt collector in Latin America, a source told Reuters.