San Francisco-based AppDirect, which helps developers and businesses create, use and sell apps, said it raised another $50 million in a funding round led by Mithril Capital Management, the same firm in charge of its last round.
2 min read · 11 February 2015
Carlyle Group LP reported a 68 percent year-on-year drop in fourth-quarter profit, as the appreciation of its portfolio slowed down, yet the decline was smaller than most analysts expected due to strong cash generation from asset sales, Reuters News reported.
1 min read · 11 February 2015
Electra Private Equity Plc, one of Britain's oldest private equity firms, said on Wednesday it planned to return 3 percent of its net asset value (NAV) to investors each year through a cash dividend or share buybacks, Reuters News said.
2 min read · 11 February 2015
Europe's leveraged loan market is in for a dry spell as the pipeline for new buyout financings has reduced dramatically, partly due to sponsors facing increased competition from corporate buyers to buy assets, Reuters News reported.
3 min read · 11 February 2015
Private equity firm Sycamore Partners is in talks to buy apparel retailer Chico's FAS Inc and is trying to secure debt financing for a deal that could reach $3 billion, sources told Reuters News.
1 min read · 11 February 2015
Deep-discount retailer Ollie's Bargain Outlet, known for the signature catch phrase "good stuff cheap," is preparing for an initial public offering, sources told Reuters.
1 min read · 10 February 2015
Privately held Canadian specialty tea retailer David's Tea, whose investors include Lululemon Athletica Inc founder Chip Wilson, has selected banks for a potential initial public offering, sources told Reuters.
1 min read · 10 February 2015
Levy Acquisition Corp, the blank-check acquisition vehicle of Chicago restaurateur Larry Levy, is in advanced talks to acquire Del Taco Inc, a U.S. fast food chain specializing in Mexican cuisine, sources told Reuters News.
2 min read · 10 February 2015
Blackstone Group LP's (BX.N: Quote, Profile, Research, Stock Buzz) PGI Specialty Materials Inc, which makes materials that are used in products ranging from diapers to disinfectant wipes, filed with U.S. regulators for an initial public offering of common stock, Reuters News reported.
2 min read · 10 February 2015
Morgan Stanley is looking to sell its 19 percent stake in London-based Lansdowne Partners LLP, the Wall Street Journal reported on Sunday.
1 min read · 09 February 2015
