Broadcaster ProSiebenSat.1 and buyout group EQT are the only bidders left for German online travel group Unister Travel in what has proved a bumpy sales process, sources told Reuters.
2 min read · 13 February 2015
U.S. private equity firm Bain Capital Partners LLC said on Friday it has agreed to buy Japanese hotel and spa operator Ooedo-Onsen Holdings, a move to capitalize on a tourism boom in the country ahead of the Tokyo 2020 Olympic Games.
1 min read · 13 February 2015
Hormel Foods Corp (HRL.N) is in late-stage talks to acquire Swander Pace-backed Applegate Farms LLC, a privately held producer of organic hot dogs, bacon and sausages, to enhance its branded protein offerings, according to people familiar with the matter.
1 min read · 13 February 2015
Private equity firm Warburg Pincus has reduced its stake in British discount retailer Poundland from 30.4 percent to 16.4 percent, it said on Wednesday, raising about 142 million pounds ($216 million) through a share placing, Reuters reported.
1 min read · 12 February 2015
Goldman Sachs Group Inc on Wednesday named Alison Mass and Alasdair Warren global co-heads of its financial sponsors group, which advises private equity firms on their deals, according to an internal memo obtained by Reuters News.
1 min read · 12 February 2015
Nigel Walder is leaving his role in JP Morgan's leveraged finance team to join private equity firm Bain Capital, sources told Reuters News.
1 min read · 12 February 2015
UniCredit has signed a deal to sell its UCCMB bad loan management unit and a pool of non-performing loans to U.S. investment firm Fortress Investment Group, as the Italian bank sheds non-core assets to boost its balance sheet, Reuters News reported.
1 min read · 12 February 2015
Drugstore operator Rite Aid Corp (RAD.N) said it would buy pharmacy benefit manager EnvisionRx for about $2 billion, to enter the business of administering drug benefits for employers.
1 min read · 11 February 2015
Canadian technology start-up Miovision, which produces software that converts video of vehicle traffic into data, said on Tuesday it received C$30 million ($23.83 million) in funding to help support its growth plans.
2 min read · 11 February 2015
Canadian technology startup Miovision, which produces software that converts video of vehicle traffic into data, has received $30 million in funding to help support its growth plans, Reuters reported. The funding, its biggest to-date, was led by Canadian merchant bank MacKinnon, Bennett & Co. Investeco Capital, Renewal Funds, Plaza Ventures and Comerica also participated. The Kitchener, Ontario-based Miovision has more than 500 customers in 50 countries.
2 min read · 11 February 2015
