Reuters News

Goldman-led group invests $81 mln in apparel resale website: Reuters

Apparel resale website operator thredUP Inc said it received $81 million in a Series E investment round led by Goldman Sachs Investment Partners, bringing the total amount raised by the San Francisco-based company to more than $125 million, Reuters News reported.

First Data Corp plans to raise $2.5 billion in IPO: Bloomberg

Payment processor First Data Corp plans to seek at least $2.5 billion in its initial public offering, making it the largest U.S. IPO this year, Bloomberg reported.

Quebecor Media buys part of Caisse stake for C$500 mln: Reuters

Telecommunications provider and publisher Quebecor Media Inc, a unit of Quebecor Inc, said it had bought 28.6 percent of Caisse de dépôt et placement du Québec's stake in the company for C$500 million ($377 million), Reuters News reported.

Heineken buys 50 percent stake in U.S. craft beer maker Lagunitas: Reuters

Dutch brewing company Heineken NV (HEIN.AS) has bought a 50 percent stake in U.S.-based beer maker Lagunitas Brewing Co to expand into the craft beer industry, Reuters News reported.

KKR to acquire 24.9 percent stake in UK hedge fund Marshall Wace: Reuters

KKR & Co LP (KKR) will acquire a stake in one of Europe's biggest hedge fund operators Marshall Wace, the private equity firm said on Wednesday, raising its bets on the rapidly growing $3 trillion industry, Reuters News reported.

Blackstone to buy Strategic Hotels & Resorts, unit in $6 billion deal: Reuters

Blackstone Group LP's (BX.N) real estate fund will buy U.S. luxury hotel owner Strategic Hotels & Resorts (BEE.N) and unit Strategic Hotels Funding LLC in a deal valued at $6 billion, including debt, Reuters News is reporting.

Concordia Healthcare to buy rare disease drugs maker for $1.9 billion: Reuters

Canada's Concordia Healthcare Corp (CXRX.O) (CXR.TO) said it would buy Amdipharm Mercury Ltd from private equity firm Cinven for $1.9 billion to expand its portfolio of drugs aimed at treating rare diseases, Reuters News reported.

Tesco sells South Korean arm to private equity group for $6.1 billion: Reuters

Tesco is selling its South Korean arm to a group led by private equity firm MBK Partners for $6.1 billion, it said on Monday, as the British supermarket retreats from foreign markets to focus on reviving its troubled domestic business, Reuters News reported.

Charterhouse dials up Deutsche to sell French call center stake, say sources: Reuters

UK private equity firm Charterhouse has mandated Deutsche Bank for a sale of its 60 percent stake in French call center business Webhelp, sources told Reuters .

PAI picks banks for listing of Sweden's Perstorp: Reuters

Private equity firm PAI is stepping up preparations to sell Swedish chemicals firm Perstorp to take advantage of still-buoyant corporate valuations and has completed its line-up of advisers, several people familiar with the transaction said.