Reuters News

Private equity firms face more competition for buys: Reuters

Private equity firms are facing increasingly stiff competition from a growing breed of entrepreneurs and high net worth individuals as Nomad Holding's acquisition of Europe's biggest frozen foods business, Iglo Foods showed this week.

Kleiner Perkins seeks almost $1 mln in costs in Pao case-Reuters

Venture capital firm Kleiner, Perkins, Caufield and Byers is seeking to recover about $973,000 in costs from a high profile gender discrimination trial that captivated Silicon Valley, according to a court filing on Thursday, Reuters reported.

Goldman Sachs Asset Management to buy Pacific Life business-Reuters

Goldman Sachs Group Inc's (GS.N) Asset Management plans to acquire the Pacific Global Advisors solutions business from Pacific Life Insurance Co (PACLIB.UL), the company said on Thursday.

Train maker, telecoms towers business join Spanish IPO rush-Reuters

Train manufacturer Talgo and telecoms towers business Cellnex on Thursday released details for May stock market listings, the latest Spanish companies rushing to take advantage of favorable market conditions for initial public offerings, Reuters reported.

KKR's first-quarter earnings drop 4.9 pct on credit losses-Reuters

KKR & Co LP on Thursday reported a smaller-than-expected 4.9 percent year-on-year drop in first-quarter profit, as proceeds from private equity asset sales offset most credit investment losses.

Blackstone-backed Denjoy Capital to shut down hedge fund - Reuters

London-based Denjoy Capital Partners, backed by powerful investor Blackstone Group, is shutting down its European long-short equity hedge fund following a slump in returns, a letter to investors seen by Reuters showed.

Allianz says to keep Pimco as outflows continue: Manager Magazin

German insurer Allianz (ALVG.DE) rejected the suggestion that it split off or sell its Pimco asset management unit, even as customer outflows are expected to drag on, Allianz's chief executive told a magazine.

Berkshire Partners nears deal for Implus, say sources-Reuters

Private equity firm Berkshire Partners LLC is close to an agreement to acquire footwear accessories maker Implus Corp in a deal that values it at more than $600 million, including debt, sources told Reuters.

Consortium including EDF and fund PGGM buy Spanish gas distributor-Reuters

A consortium led by PGGM, the Dutch pension fund manager, said on Wednesday it will purchase Spanish gas distributor Madrilena Red de Gas (MRG) for an undisclosed amount.

Insurers glum about investment outlook as low yields bite -- Reuters

Low or negative yields and surging equity markets are making insurers gloomy about the outlook for their investments, Reuters News said citing a Goldman Sachs Asset Management survey of nearly 300 senior insurance executives across the globe.