Reuters News

Third Avenue parts with CEO after collapse of junk bond fund: WSJ

Third Avenue Management LLC has parted ways with Chief Executive Officer David Barse after the collapse of the company's junk bond fund last week, the Wall Street Journal reported on Sunday, citing sources familiar with the matter.

Bain Capital raises $3 billion for Asia private equity fund: WSJ

Private equity firm Bain Capital LLC has closed a new Asia-focused fund that raised $3 billion, exceeding the fund's initial target of $2.5 billion, the Wall Street Journal reported on Sunday, citing a source familiar with the situation.

Goldman reigns supreme in record M&A year: Reuters

As iconic brands are snapped up and corporations merged and swallowed in a record-breaking whirl of deals, there has been one constant: Goldman Sachs Group Inc (GS.N), Reuters News reported.

Pharmaceutical research firm PPD explores sale, IPO: Reuters

Contract research organization Pharmaceutical Product Development LLC (PPD) is exploring a sale or initial public offering that could value it at between $7 billion and $8 billion, Reuters News reported.

Alibaba agrees to pay $266 million for South China Morning Post: Reuters

Alibaba Group Holding Ltd has agreed to pay HK$2.06 billion ($265.8 million) to acquire Hong Kong's flagship English-language newspaper the South China Morning Post (SCMP), Reuters News reported.

Italian state lender to set up fund to invest in family firms: Reuters

Italian state lender CDP is to set up a private equity fund to invest in family-run companies and help them go public, in a new effort to help domestic groups compete in the global market, Reuters reported.

Private equity firms compete to buy Element Materials Technology: Reuters

Private equity firms are competing to buy Dutch-based testing company Element Materials Technology from owner 3i (III.L), in a deal that could test the dynamics between the US and European debt markets, banking sources told Reuters.

Carlyle to buy Dutch lingerie firm Hunkemoller from PAI: Reuters

Carlyle (CG.O) will buy Dutch lingerie firm Hunkemoller from its private equity owners, the U.S. buyout fund said on Friday.

Indonesia's Salim Group obtains $1 bln financing from Northstar, TPG, say sources: Reuters

Indonesia's Salim Group, headed by the country's third-richest man Anthoni Salim, is raising $1 billion from a group of private equity firms including Northstar Group and TPG, sources told Reuters.

North Dakota confirms Lime Rock as buyer of Occidental's Bakken acreage: Reuters

North Dakota's oil regulator on Wednesday identified Lime Rock Resources as the buyer of Occidental Petroleum Corp's (OXY.N) North Dakota oil operations, confirming what Oxy's executives had yet to disclose publicly.