Reuters News

Cinven hires Rothschild for divestment of truck parts maker Jost, say sources-Reuters

Buyout group Cinven has mandated Rothschild to explore options including a sale or stock market listing of its German truck and trailer parts maker Jost Group, sources told Reuters.

Facebook buys video startup QuickFire-Reuters

Social network operator Facebook Inc said it bought QuickFire Networks, a startup that helps view high-quality video with low bandwidth.

Buyout groups bid for German frozen cake company Coppenrath, say sources-Reuters

Several private equity firms have made preliminary bids for German frozen cake company Coppenrath & Wiese in a deal that could be worth around 400 million euros ($470 million), sources told Reuters.

Low energy prices hit some Carlyle funds-Reuters

Carlyle Group LP said on Friday the value of its natural resources-focused private equity fund portfolio fell by 8 percent in the fourth quarter, highlighting the impact of lower oil and natural gas prices on such investments.

Data storage company Box expected to be valued at up to $1.55 billion: Reuters

Online data storage provider Box Inc expects its initial public offering of 12.5 million shares to be priced at $11-$13 per share, valuing the company at up to $1.55 billion, Reuters reported.

Google Capital invests in Indian property website Commonfloor-Reuters

Indian property search website Commonfloor.com has received funding from Google Capital, an equity fund backed by Google Inc, the online portal said in a statement on Thursday.

Dick’s Sporting Goods explores going private: Reuters

Dick's Sporting Goods Inc (DKS.N) is holding early-stage conversations with a handful of buyout firms about going private, according to people familiar with the matter.

Laundry facilities company WASH explores sale, say sources-Reuters

WASH Multifamily Laundry Systems, whose washers and dryers are used weekly by more than 5 million people in North America, is exploring a sale that could value it at more than $900 million, including debt, sources told Reuters.

General Atlantic enters German long distance bus business-Reuters

Buyout group General Atlantic is taking a stake in German bus companies FlixBus and MeinFernbus, which are merging to combine their routes, the companies said in a statement on Wednesday.

Rocket Internet's Westwing valued at 449 mln euros in new financing: Reuters

German online homewares retailer Westwing has received 25 million euros ($29.7 million) in new funding from existing investors including founding shareholder Rocket Internet.