Reuters News

Cemig prepares sale of stake in broadband unit - Exame

The telecommunications arm of Brazilian utility Cemig SA is preparing to sell a stake in its broadband operation to private equity firm GP Investments Ltd and other investors, according to a magazine report on Saturday.

Jana Partners urges Qualcomm to consider breakup - WSJ

Activist investor Jana Partners is asking Qualcomm Inc to consider spinning off its chip unit from its patent-licensing business, the Wall Street Journal reported, citing a quarterly letter that will be sent to Jana investors on Monday.

Dodge & Cox buys further stake in Saipem to reach 11.9 percent-Reuters

U.S. investment company Dodge & Cox has bought a further stake in Italian oil services company Saipem (SPMI.MI) and holds an overall 11.9 percent, according to market regulator Consob filings on Monday.

UK private equity firm Exponent closes 1 bln stg fund -- Reuters

UK private equity firm Exponent closed a new 1 billion pound fund, Reuters News reported.

Private equity house Abraaj closes $990 mln sub-Saharan Africa fund -- Reuters

Emerging-market focused private equity firm Abraaj Group has closed a $990 million sub-Saharan Africa fund, its third in the region, Reuters News reported.

Spotify nears deal to raise $400 mln, valuing it at $8.4 billion: WSJ

Spotify AB is nearing a deal to raise $400 million, valuing the music streaming service provider at $8.4 billion, the Wall Street Journal reported, citing people familiar with the matter.

D.E. Shaw in talks to buy Italian NPL business from GS -- Reuters

U.S. investment firm D.E. Shaw has started exclusive talks to buy the Italian non-performing loan business of Archon, a real estate unit of investment bank Goldman Sachs (GS.N), sources told Reuters News.

Affinia filter unit for sale, may attract German buyer, say sources-Reuters

U.S. firm Affinia's auto filter unit has been put up for sale by its private equity owner and may attract German peers Mann + Hummel or Mahle in a potential $1.3 billion deal, sources told Reuters.

CVC seeking $5.3 billion sale or listing of hospital group IDCSalud, say sources-Reuters

The private equity owners of Spain's largest private hospital group, IDCSalud, are pursuing a potential 5 billion euro ($5.3 billion) sale or stock market listing of the healthcare operator, sources told Reuters.

Dutch DIY retailer Maxeda faces debt restructuring, say sources - Reuters

Dutch DIY retailer Maxeda is in debt restructuring talks with lenders and its private equity owners including KKR following a failed sales process last year, sources told Reuters.