Reuters News

KKR nears $2 billion deal for Air Medical, say sources-Reuters

KKR & Co LP (KKR.N) is in advanced talks to acquire Air Medical Group Holdings Inc in a deal that could value the U.S. helicopter ambulance company at around $2 billion, including debt, sources told Reuters.

German real estate developer Aurelis starts IPO prep, say sources - Reuters

German real estate developer Aurelis has started preparations for a stock market listing that may see it sell shares worth roughly 500 million euros ($537.4 million) amid a flurry of deals in Germany's red hot real estate sector, sources told Reuters.

Shares in challenger bank Aldermore surge on London debut-Reuters

British banking newcomer Aldermore ALD.L made a rousing stock market debut on Tuesday, rising by 12 percent following a sale that netted 150 million pounds for its private equity backers AnaCap, Reuters reported.

Ackman's Pershing Square makes $3.3 billion bet on Valeant -- Reuters

Billionaire investor William Ackman has purchased a five percent stake in Valeant Pharmaceuticals, his hedge fund said on Monday, making him the Canadian drug company's fifth-largest stakeholder, Reuters News reported.

UK's Auto Trader confirms 2 billion pounds IPO plans: FT

UK's online car marketplace operator Auto Trader Group confirmed its plans of an initial public offering, the Financial Times reported.

Kleiner Perkins ex-partner Pao testifies in bias case--Reuters

Ellen Pao testified on Monday in her gender discrimination suit against Kleiner Perkins Caufield & Byers that she urged firm leaders to improve HR policies after learning of other alleged harassment complaints, Reuters News reported.

Concordia Healthcare to buy some assets of Covis Pharma for $1.2 billion-Reuters

Concordia Healthcare Corp (CXR.TO), which makes drugs for rare diseases and devices for diabetic patients, said it would buy some assets of privately held Covis Pharma Holdings SARL for $1.2 billion in cash.

Baring to buy Blackstone's stake in India's CMS for $250 mln, say sources-Reuters

Blackstone Group LP has agreed to sell its 57 percent stake in India's CMS Info Systems Ltd to Baring Private Equity (Asia) for $250 million, sources told Reuters.

Advent aims to sell or list German perfume chain Douglas -- Reuters

U.S. buyout group Advent is preparing an exit from German perfume chain Douglas and has asked JP Morgan and Goldman Sachs to organize a sale or listing, a source told Reuters News.

PayPal to buy Israeli cyber security firm CyActive: media

Online payments company PayPal, a unit of eBay (EBAY.O:Quote, Profile, Research, Stock Buzz), will buy Israeli cyber security company CyActive for $60 million, Israeli media reported.