Steel trading firm Stemcor, one of the UK’s largest private companies, could be taken over by U.S. distressed investment fund Apollo (APO.N), as part of a $2 billion (1.34 billion pounds) debt restructuring, sources told Reuters.
3 min read · 17 April 2015
Chinese classified advertising site 58.com Inc said on Friday that it had agreed to buy a 43.2 percent stake in rival Ganji.com, marking further consolidation in the mainland's hot technology sector.
2 min read · 17 April 2015
Carlyle Group LP-owned London taxi operator Addison Lee said it has bought rival Cyclone VIP Cars & Couriers.
1 min read · 17 April 2015
Venture capital firm Andreessen Horowitz has hired Facebook Inc's former general counsel Ted Ullyot for handling its policy and regulatory affairs.
1 min read · 17 April 2015
Slack, which makes software to help improve team communication, said it raised $160 million in a round of funding, valuing it at $2.8 billion.
1 min read · 16 April 2015
Party City Holdco Inc shares rose as much as 22.6 percent in their debut on Thursday, valuing the largest U.S. party goods retailer at about $2.4 billion, Reuters reported.
1 min read · 16 April 2015
German women's fashion group CBR , known for its Street One and Cecil brands, has been earmarked for sale by its private equity owner EQT this year in a potential 1.2 billion euro ($1.3 billion) deal, sources told Reuters.
2 min read · 16 April 2015
India's biggest online cab-hailing service Ola has raised $400 million from investors led by Russian billionaire Yuri Milner's DST Global, the company said on Thursday.
1 min read · 16 April 2015
BlackRock Inc, the world's largest money manager, said on Thursday that first -quarter profit rose by 8.7 percent, boosted by positive flows across asset classes.
1 min read · 16 April 2015
A consortium of private equity firm TPG Capital LP and Chinese conglomerate Fosun International Ltd is in the final stages of negotiations to acquire Cirque du Soleil, sources told Reuters News.
2 min read · 16 April 2015
