U.S. buyout funds Bain Capital and Cerberus Capital Management sold big stakes in two Japanese companies as the stock market surges - taking profits and avoiding an expected bout of volatility if the U.S. Federal Reserve raises rate later in the year, investors told Reuters News.
2 min read · 26 May 2015
Microsoft Corp and Salesforce.com Inc held "significant talks" this spring but failed to agree on a price, CNBC reported, citing people familiar with the matter.
2 min read · 26 May 2015
Charter Communications Inc said it would buy Time Warner Cable Inc in a deal valued at $78.7 billion, as the second and third largest U.S. cable operators look to better compete with market leader Comcast Corp, Reuters News reported.
1 min read · 26 May 2015
Canadian e-commerce start-up Shoes.com Technologies plans to go public this fall following a private funding round that tapped high-net-worth individuals and private institutional capital, Reuters News reported.
2 min read · 26 May 2015
Canadian e-commerce startup Shoes.com Technologies plans to go public this fall following a private funding round that tapped high net-worth individuals and private institutional capital, Chairman Roger Hardy told Reuters. The Vancouver-based company, which is backed by merchant bank Hardy Capital Partners, raised $45 million earlier this month, valuing it at $320 million.
2 min read · 25 May 2015
The U.S. Securities and Exchange Commission on Thursday announced fraud charges against an Atlanta-based investment advisory firm and two of its executives for their handling of the city's pension funds for police, firefighters, transit workers and other employees.
2 min read · 22 May 2015
U.S. private equity firm Cerberus Capital Management LP on Thursday launched a selldown of up to $878 million in railway firm Seibu Holdings, IFR reported, citing a term sheet of the transaction.
2 min read · 22 May 2015
Germany's premium carmakers Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to increase their firepower to acquire Nokia's mapping unit HERE, sources told Reuters.
3 min read · 22 May 2015
Vistra Group, a trust and custodial services provider, said Hong Kong-based Baring Private Equity Asia will acquire a majority stake in the company.
1 min read · 22 May 2015
Joseph Bae, the Korean-American dealmaker that KKR & Co LP sent to Hong Kong 10 years ago to set up its Asian operations from scratch, will move back to the United States, the private equity firm has told its fund investors, Reuters reported.
2 min read · 22 May 2015
