Reuters News

Apax Partners readies IPO for Permanent Capital Vehicle in London - Reuters

European private-equity firm Apax Partners is readying an initial public offering for Permanent Capital Vehicle, the biggest investor in Apax's funds, in London to raise money that it can use to seed more funds, a source told Reuters.

Blackstone to buy Excel Trust for about $2 billion-Reuters

Real estate investment trust Excel Trust Inc (EXL.N) said it would be bought by Blackstone Property Partners LP, part of Blackstone Group LP (BX.N), for about $2 billion in cash.

GBCI says is bidding for Slovenia's bank NKBM-Reuters

U.S.-based Investment company Global Bankcorp Commodities and Investments Inc. is interested in purchasing Slovenia's second largest bank Nova KBM (NKBM), which the government has put up for sale, the company said on Friday.

GE to sell real estate holdings, sets $50 bln share buyback: Reuters

General Electric Co said it would sell the bulk of its real estate portfolio to investors including Blackstone Group and Wells Fargo & Co for $26.5 billion, in the biggest commercial real estate deal since 2007.

Cirque du Soleil in advanced deal talks with private equity: Reuters

Cirque du Soleil is in advanced talks with two private equity consortia about selling a majority stake in what is the largest theatrical production company in the world, according to people familiar with the matter.

Apache to sell Australian operations to Brookfield, Macquarie for $2.1 bln: Reuters

U.S. oil and gas company Apache Corp said it would exit its exploration and production business in Australia by selling its unit in the country to a consortium of private equity funds for US$2.1 billion in cash, Reuters reported. The sale of Apache Energy Ltd to a consortium of funds managed by Macquarie Capital Group Ltd and Brookfield Asset Management Inc has an effective date of Oct. 1, 2014.

Global Fashion Group hires ex-Amazon.com exec as CEO-Reuters

Global Fashion Group (GFG), formed out of five Kinnevik- and Rocket Internet- backed online fashion start-ups active across dozens of emerging markets, has hired the former head of Amazon France as its new chief executive, Reuters reported.

India's Ola raises about $314 million in fresh funding, says company filing - Reuters

India's biggest online cab-hailing service Ola has raised about $314 million in a fresh funding round from investors led by Russian billionaire Yuri Milner's DST Global, Reuters News reported.

LinkedIn to buy online education company lynda.com for $1.5 billion-Reuters

Professional social network operator LinkedIn Corp (LNKD.N) said it would buy privately held online education company lynda.com in a cash-and-stock deal valued at about $1.5 billion.

Toy business attracts private equity as kids go green and retro -- Reuters

Striding confidently through Matty's Toy Stop in Manhasset, New York, Catie Tepedino, 7, is the sort of consumer who may hold the fate of the U.S. toy business in her own little fists, Reuters News reported.