Reuters News

UK private equity firm Cabot Square raises $430 mln for financials-Reuters

British private equity firm Cabot Square Capital, which invests in the financial services industry, said it has raised 275 million pounds ($430 million) for its latest fund and could raise a further 75 million pounds for it.

Blackstone, Carlyle in $10 billion-plus bid for NCR-Reuters

Blackstone Group LP (BX.N) and Carlyle Group LP (CG.O) are making a joint bid for NCR Corp (NCR.N) in a leveraged buyout that would be the year's biggest at more than $10 billion, including debt, sources told Reuters.

Petroceltic exits Romania, sells unit to GVC Investment-Reuters

Irish oil producer Petroceltic International Plc said it sold its Romanian unit to GVC Investment BV as it exits high-risk exploration ventures.

Buffett's Berkshire Hathaway takes $388 million stake in Australia's IAG-Reuters

Warren Buffett's Berkshire Hathaway Inc (BRKa.N) has bought a 3.7 percent stake in Insurance Australia Group (IAG.AX) for A$500 million ($388 million) as part of a partnership that IAG said would reduce its capital requirements and support its return on equity targets.

Saks owner to buy Germany's Kaufhof chain for 2.8 bln euros: Reuters

Hudson's Bay Co is buying Germany's leading department store chain, Kaufhof, from Metro for 2.8 billion euros ($3.2 billion), giving the Saks owner a launch pad to expand into Europe, Reuters News reported.

Coty nears deal to buy P&G businesses for about $12 billion: Reuters

U.S. cosmetics group Coty (COTY.N) has won auctions to acquire three businesses from Procter & Gamble Co (PG.N) for as much as $12 billion, a source familiar with the matter told Reuters.

Slovenia rejects Cinven's altered bid for Telekom Slovenia-Reuters

Slovenian state firm SDH, which is coordinating the sale of Telekom Slovenia, on Monday rejected UK investment firm Cinven's bid for state-owned Telekom, SDH said in a statement.

Lafarge to pay $304 million for India buyout-Reuters

French cement maker Lafarge (LAFP.PA) will pay Baring Private Equity 270 million euros ($304 million) to acquire the fund's 14 percent stake in Lafarge India, the company said on Monday.

Gun maker Colt Defense files for Chapter 11 bankruptcy protection: Reuters

Famed U.S. gun maker Colt Defense LLC said it filed for Chapter 11 bankruptcy protection and its current sponsor, Sciens Capital Management LLC, agreed to act as a "stalking horse" bidder, Reuters News reported.

Summit to sell forex trading platform 360T, say sources-Reuters

U.S. private-equity firm Summit Partners is selling Frankfurt-based currency-trading platform 360T in a potential 600 million-euro ($675 million) deal and has hired Jefferies to handle the sale, sources told Reuters.