Reuters News

Investcorp buys U.S. residential properties for about $300 million

Investcorp INVB.BH, the Bahrain-listed alternative investment fund, has bought a portfolio of residential properties in the United States for around $300 million, it said on Tuesday, Reuters News reported.

Pinterest's latest funding round values it at $11 billion: WSJ

Photo-sharing application company Pinterest has raised $367 million in its latest round of funding, according to a filing with the Securities and Exchange Commission on Monday.

Kleiner Perkins Partner Mary Meeker says firm didn't discriminate--Reuters

Mary Meeker testifies in court that she didn't see gender discrimination at Kleiner Perkins, as the trail brought on by Ellen Pao's lawsuit enters its fourth week, Reuters News reported.

Coyote Logistics prepares for IPO of more than $2 bln -WSJ

Transportation and logistics services company Coyote Logistics LLC is in talks with banks to prepare for an initial public offering, the Wall Street Journal reported on Friday, citing sources.

DSM sells 65 percent stake in chemicals to CVC for at least 300 mln euros-Reuters

Dutch food and dietary supplements maker DSM will sell a 65 percent stake in two of its chemicals subsidiaries to CVC Capital Partners for at least 300 million euros ($316 million) in cash, Reuters reported.

KKR, Varde, Deutsche seek to securitise A$7 bln of GE Capital debt-Reuters

A group comprising KKR & Co , Varde Partners and Deutsche Bank are looking to securitise about A$7 billion ($5.33 billion) of debt they acquired from a unit of GE, sources told Reuters News.

Bain-backed MYOB to file for $2.3 bln Australia IPO by end-March -Reuters

Bankers running the expected A$3 billion ($2.29 billion) initial public offering of Australian software firm MYOB Ltd, owned by Bain Capital, plan to file a prospectus for the sale by end-March, two people familiar with the matter told Reuters.

Uber in deal with China's BYD to test electric cars -- Reuters

Uber Inc said on Friday it struck a deal with Chinese automaker BYD Co Ltd to test a fleet of electric cars for its drivers, Reuters News reported.

Finland's Fortum to sell Swedish power grid for $6.9 billion -- Reuters

Finnish utility Fortum has agreed to sell its Swedish electricity distribution business to a consortium including Canada's Borealis for about 6.6 billion euros ($6.9 billion), completing its exit from Nordic power grid assets, Reuters News reported.

Thyssen's VDM attracts interest from Aperam, PE, say sources-Reuters

German steelmaker ThyssenKrupp has attracted interest from buyout groups and peer Aperam for its high-performance alloy unit VDM as it tries to shed unwanted assets from a complex deal, sources told Reuters.