Reuters News

U.S. appeals court halts SEC fraud case against financier Tilton: Reuters

A federal appeals court on Thursday temporarily blocked the U.S. Securities and Exchange Commission from pursuing its case accusing New York financier Lynn Tilton of defrauding her investors, Reuters News reported.

UK's Phoenix Group in talks to acquire Guardian Financial: Reuters

Phoenix Group Holdings, Britain's largest owner of life assurance funds closed to new customers, is in talks to buy Guardian Financial Services, it said on Thursday, although analysts say uncertainty over new capital requirements for European insurers could delay any agreement.

Altice expands in U.S. with $17.7 billion Cablevision deal: Reuters

European telecoms group Altice will become a major force in the lucrative U.S. cable market after it agreed to buy fourth-largest operator Cablevision for a mix of cash and shares in a deal worth $17.7 billion including debt, Reuters News reported.

German web meal firm HelloFresh valued at $2.9 bln ahead of possible listing: Reuters

HelloFresh has been valued at 2.6 billion euros ($2.9 billion) in a funding round ahead of a possible stock market listing, Reuters News reported.

Ingenico has financing lined up for Worldpay bid: Reuters

Ingenico has all the financing in place to back a bid for Worldpay (IPO-WORLD.L), the British payments processing company which is being sold by Advent International and Bain Capital, a source told Reuters News.

Worldpay owners to decide on sale process on Friday: Reuters

Worldpay's private equity owners, Advent International and Bain Capital, will decide on Friday whether to sell or list the British payments processing company, sources told Reuters News.

Abraaj Group hires Moelis & Co to advise on exit from Network International: Reuters

Private equity firm Abraaj Group has hired investment bank Moelis & Co to advise it on options for selling its stake in United Arab Emirates-based payments provider Network International, either through a stock market listing or a private sale, sources told Reuters.

GE sells $3.7 bln UK home loan portfolio to Kensington Mortgage: Reuters

General Electric Co said on Wednesday it had sold a $3.7 billion portfolio of loans from its British home lending business to private equity-backed Kensington Mortgage Co Ltd as it continues to shrink its financing arm, GE Capital.

TPG Specialty Lending offers to buy TICC Capital for $525 mln: Reuters

TPG Specialty Lending Inc has offered to buy TICC Capital Corp in an all-stock deal valued at $525 million, Reuters reported.

Berkshire Partners nears acquisition of Affordable Care: Reuters

Private equity firm Berkshire Partners LLC is nearing a deal to acquire Affordable Care Inc, the largest U.S. denture services provider, from buyout firm American Capital (ACAS.O) for more than $800 million, including debt, sources told Reuters News.