Telecoms tycoon Xavier Niel's NJJ Capital has agreed to buy Swiss mobile operator Orange Switzerland from private equity group Apax Partners for 2.8 billion Swiss francs ($2.9 billion), Apax said in a statement.
2 min read · 18 December 2014
Tech-focused private equity firm Spectrum Equity is acquiring control of ExactBid, a private company that makes software for the commercial real estate sector.
1 min read · 18 December 2014
Carlyle Group LP has named Curtis Buser, the private equity firm's chief accounting officer since 2004, as its next chief financial officer, succeeding Adena Friedman, who departed in May to return to NASDAQ OMX Group Inc, Reuters reported.
2 min read · 18 December 2014
Australia-listed construction giant Leighton Holdings Ltd (LEI.AX) said it had formed a joint venture with New York-listed Apollo Global Management LLC (APO.N) to run its services businesses, valuing the firms at A$1.08 billion ($880 million).
1 min read · 17 December 2014
Private equity group Advent International and its partner the European Bank for Reconstruction and Development (EBRD) plan to submit a new offer for the Balkans network of nationalized Austrian lender Hypo Alpe Adria on Wednesday but said they are prepared to walk away if no deal happens by next week.
2 min read · 17 December 2014
UBS said on Wednesday it would nominate Jes Staley, an executive at New York-based hedge fund BlueMountain Capital Management, to the board of the Swiss bank at its May shareholder meeting.
1 min read · 17 December 2014
U.S. brokerage BGC Partners has agreed to buy London rival RP Martin, the latest step towards consolidation of an industry under pressure from tough new rules for its traditional banking clients, low volatility and rock-bottom interest rates, Reuters reported.
2 min read · 16 December 2014
Private equity firm Abraaj Group said on Tuesday it had sold a 21 percent stake in Integrated Diagnostics Holdings (IDH) (IPO-INDI.CA), a healthcare diagnostics service provider, to emerging markets private equity firm Actis.
1 min read · 16 December 2014
Royal Bank of Scotland (RBS.L) has sold 4.8 billion pounds ($7.5 billion) of Irish property loans to U.S. private equity firm Cerberus, shedding a big chunk of problem loans under its plan to shrink its business in Ireland.
2 min read · 16 December 2014
A private equity consortium of Carlyle Group LP (CG.O) and Warburg Pincus LLC is in advanced talks to acquire privately held credit rating agency DBRS Ltd for more than $500 million, sources told Reuters.
3 min read · 15 December 2014
