A lawyer for New York private equity executive Lynn Tilton urged a U.S. judge on Monday to block the U.S. Securities and Exchange Commission from trying her before an administrative judge for defrauding investors, Reuters reported.
2 min read · 12 May 2015
Blackstone Group cut its stake early Monday in Hilton Worldwide to below 50 percent in a $2.69 billion stock sale, the largest ever selldown by a private equity sponsor through a block trade, Reuters News said.
2 min read · 12 May 2015
Mindbody Inc, a maker of software to help run fitness and yoga studios, filed with U.S. regulators on Monday for an initial public offering of common stock, Reuters News reported.
2 min read · 12 May 2015
U.S. private equity firm Cerberus Capital Management LP is effectively pulling back from Japan after failing to win control of railway firm Seibu Holdings and due to a lack of investment targets, sources told Reuters News.
2 min read · 12 May 2015
An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker, Reuters News said.
4 min read · 12 May 2015
Apollo Global Management Llc (APO.N) is in talks to buy ASG Security and combine it with another home security company it is acquiring, Protection 1, valuing them collectively at about $2 billion, sources told Reuters News.
2 min read · 11 May 2015
Funds managed by J.C. Flowers & Co LLC will sell about 15.7 million shares in Britain's OneSavings Bank Plc, representing about 6.5 percent of the shares outstanding, Barclays Bank Plc said on Monday.
1 min read · 11 May 2015
Comcast Corp named Michael Cavanagh chief financial officer to replace Michael Angelakis, who moves on to head the cable operator's new investment arm, Reuters reported.
1 min read · 11 May 2015
Sponsors are pressing for more aggressive terms on European leveraged loans, taking advantage of changing market conditions to force though concessions to documents during repricings, Reuters News reported.
3 min read · 11 May 2015
Italy's Agnelli family has agreed to sell real estate services group Cushman & Wakefield to DTZ in a deal that values the U.S.-based firm at around $2 billion, Reuters News said.
2 min read · 11 May 2015
