EMC Corp, in a bid to boost shareholder support for its sale to Dell Inc, will retain a majority stake in Virtustream and abandon a plan to place the loss-making cloud services provider in a joint venture with VMware Inc, Reuters News reported.
2 min read · 25 November 2015
Deliveroo has raised another $100 million (£66 million) in venture financing, its third investment round this year, as it rapidly seeks to expand its high-end restaurant takeaway order business to Asia, the company said on Tuesday.
2 min read · 24 November 2015
Newly privatized Japan Post Bank Co, which manages 205 trillion yen ($1.67 trillion) in mainly Japanese government bonds, will set up a division to look for opportunities in private equity investments, the bank said on Tuesday.
1 min read · 24 November 2015
European media giant Bertelsmann (BTGGg.F) is looking for a private equity partner to help it buy the rest of publisher Penguin Random House should co-owner Pearson (PSON.L) want a swift exit from the business, sources told Reuters.
3 min read · 24 November 2015
The nation's largest public pension, the California Public Employees' Retirement System, expects to reveal this week how much private equity firms take as a profit from its $28.8 billion investment in that asset class, Reuters News reported.
2 min read · 24 November 2015
Private equity firms Carlyle Group LP (CG.O) and TPG Capital Management are selling their entire remaining stake in Australian healthcare operator Healthscope Ltd (HSO.AX) in a deal worth about $612 million, IFR reported on Monday, Reuters News reported.
1 min read · 24 November 2015
General Electric Co said on Monday it would sell its $5.9 billion portfolio of UK home loans to an investment consortium led by Blackstone Group LP, as it exits its UK mortgage business.
1 min read · 23 November 2015
Hong Kong-listed G-Resources has agreed to sell its main asset the Martabe gold mine in Indonesia, for $775 million, including assumed debt, to a consortium led by a private equity firm headed by its vice chairman, Reuters reported.
2 min read · 23 November 2015
French investment firm Eurazeo said on Monday that it plans to pay up to 335 million euros ($355.7 million) to buy 90 percent of Irish group Fintrax, a provider of VAT refunds for tourists.
1 min read · 23 November 2015
Warburg Pincus LLC said on Monday it amassed $12 billion for its latest private equity fund, its biggest since the 2008 financial crisis and its first generalist fund since ex-U.S. Treasury Secretary Timothy Geithner became its president last year.
2 min read · 23 November 2015
