Reuters News

KKR, Carlyle considering buying Doosan machine tools unit: Korea Economic Daily

KKR & Co LP and Carlyle Group LP are among the private equity firms considering buying Doosan Infracore's machine tools business, the Korea Economic Daily newspaper reported on Thursday.

Barington proposes Avon restructuring, warns against Cerberus deal: Reuters

Private equity investors led by Barington Capital have proposed a restructuring of Avon Products, saying the cosmetics maker is "significantly undervalued" and warning against the sale of its North American arm to Cerberus Capital Management, Reuters reported.

Cerberus eyes BTG Pactual's Recovery stake, Oi merger: Reuters

U.S. buyout firm Cerberus Capital Management LP has shown preliminary interest in Grupo BTG Pactual SA's stake in debt collection company Recovery do Brasil, which the embattled Brazilian investment bank wants to sell to shore up capital, a person with direct knowledge of the matter said on Thursday.

Ontario in supply deal with OMERS-backed Bruce Power: Reuters

The Ontario government has extended its commitment to nuclear energy in a supply deal with Bruce Power under which the nuclear generator will spend $13 billion to refurbish six reactors, Reuters reported. Bruce Power's majority owners, the Ontario Municipal Employees Retirement System Fund and TransCanada Corp will also invest in the refurbishment projects.

Sandell Asset asks Bob Evans to sell packaged-foods business: Reuters

Sandell Asset Management Corp urged Bob Evans Farms Inc to sell its packaged foods business, which the activist investor said could fetch more than $950 million, Reuters reported.

Oliver Duff leaves HSBC to set up senior loan fund: Reuters

Oliver Duff has left his position as HSBC's head of European capital financing and is expected to launch a new senior loan fund in a move to Europe's growing institutional buyside, banking sources told Reuters.

Charterhouse weighs $637 million sale of Italian drug firm Doc Generici: Reuters

European buyout firm Charterhouse has hired London-based L.E.K. Consulting to provide strategic advice to the Italian generic drugs company Doc Generici, which could lead to a sale next year, Reuters News reported.

Yahoo shares rise as board meets and considers sale of Web business: Reuters

Plans by Yahoo Inc's (YHOO.O) board to consider selling its struggling Internet business sent the company's shares up nearly 6 percent on Wednesday, as investors cheered a potential new way to separate Yahoo's traditional services from its valuable investment in Chinese Web merchant Alibaba, Reuters News reported.

Mirion, funds set to bid for Areva unit Canberra: Reuters

U.S. radiation detection and protection group Mirion Technologies and investment funds Apax Partners, 3i and Triton are in the running to bid for Canberra, a unit of French nuclear group Areva, Reuters News reported.

KKR, Thoma Bravo, Vista eye $4 billion Dell assets, say sources: Reuters

Buyout firms KKR & Co LP (KKR.N), Thoma Bravo LLC and Vista Equity Partners Management LLC are competing for $4 billion worth of Dell Inc's assets, sources told Reuters, as the computer maker steps up asset sales.