Reuters News

Fund manager gets up to 6 years in N.Y. prison for siphoning $9 mln from investors -- Reuters

A private equity fund manager was sentenced to up to six years in a New York state prison on Monday for stealing and laundering $9.3 million in investor funds, Reuters News reported.

Nokia's maps unit draws further bidders-Manager Magazin

Nokia's maps business has drawn interest from potential buyers including Facebook and a consortium of German carmakers made up of BMW, Audi and Daimler, a German magazine reported on Wednesday.

GE to sell Czech bank unit in two years: newspaper

General Electric (GE) (GE.N) will sell its Czech banking unit within two years, the bank's Chief Executive Sean Morrissey was quoted saying on Wednesday in newspaper Hospodarske Noviny.

BC Partners launches sale of German lab group Synlab - Reuters

Buyout group BC Partners has put German laboratory operator Synlab up for sale in a potential deal worth more than 1.5 billion euros ($1.6 billion), sources told Reuters News.

KKR’s Americas capital markets head Rowbottom to leave: Bloomberg

Jeff Rowbottom, KKR & Co LP’s head of capital markets for the Americas, will resign to join Israeli venture capital firm Pontifax Group, according to Bloomberg.

Abramovich leads $30 million investment round in Music Messenger app-Reuters

A mobile phone app that allows users to send music to each another for free has raised $30 million from private investors including Russian billionaire and Chelsea soccer club owner Roman Abramovich, Reuters reported.

Health insurer Oscar raises $145 million in new financing-Reuters

Oscar Health Insurance, a privately held company that aims to shake up the industry with technology-driven services for individual consumers, on Monday said it had secured $145 million in new funding led by technology investor Peter Thiel.

Cirque du Soleil sells majority stake to TPG, Chinese partner: Reuters

Cirque du Soleil, the ragtag group of street performers that grew into an entertainment colossus, is selling a majority stake to a U.S. private equity fund and its Chinese partner, Reuters reported. The deal to sell to a group led by TPG Capital values the Montréal-based Cirque at about US$1.5 billion. The Caisse de dépôt et placement du Québec will hold a 10 percent interest in the company, while founder Guy Laliberté will keep the remaining 10 percent.

Steakhouse chain Fogo de Chao files for IPO -- Reuters

Steakhouse chain Fogo de Chao has filed for an initial public offering of its shares in the United States, Reuters News reported.

Brookfield announce $1 billion equity offering to fund growth -- Reuters

Brookfield Asset Management Inc said on Monday it is raising $1.1 billion through a new equity issue that will help the alternative asset manager fund some of the deals it is currently eyeing, Reuters News reported.