Reuters News

Investors see better private equity returns, shun hedge funds, says survey-Reuters

Investors are optimistic about private equity, but reconsidering their allocations to hedge funds, a survey showed on Monday, Reuters reported.

Pain looms for some US energy firms as banks reassess credit: Reuters

Banks are responding to tumbling crude prices by trimming the value of oil reserves tied to credit lines, possibly causing a cash crunch for some highly-leveraged U.S. exploration and production firms.

Irish plane leasing firm Avolon's IPO priced at $20/shr-Reuters

The initial public offering of Ireland's Avolon Holdings IPO-AVOL.N was priced at $20 per share, an underwriter said, valuing at $1.6 billion the world's ninth-largest aircraft leasing firm by assets.

Investments in Uber's Indian rivals uncertain after taxi app ban -- Reuters

A ban on online taxi services in India, following the arrest in New Delhi of an Uber driver accused of rape, has brought uncertainty to the millions of dollars of international investment pumped into Uber's Indian rivals Ola and TaxiForSure, Reuters News reported.

SoftBank shrinks U.S. office, marking end of failed T-Mobile bid -- Reuters

Japan's SoftBank Corp will soon downsize its Silicon Valley offices, people with knowledge of the matter said, signaling the company won't revive efforts to buy T-Mobile U.S. Inc., Reuters News reported.

Permira sells Hugo Boss shares for 500 million euros -- Reuters

Buyout group Permira has sold an 11 percent stake in German fashion retailer Hugo Boss for 500 million euros ($620 million), Reuters News reported.

Thomas H. Lee Partners in talks to acquire Curo Health -- Reuters

Private firm Thomas H. Lee Partners LP is in discussions to acquire U.S. hospice firm Curo Health Services from private equity firm GTCR LLC, Reuters News reported, in a deal that could top $700 million, including debt.

GTCR nears deal for Fairway Outdoor Advertising -- Reuters

Private equity firm GTCR LLC is in advanced talks to acquire Fairway Outdoor Advertising LLC, the fourth-largest such firm in the United States, for around $550 million, Reuters News reported.

U.S. Internet start-up Connect gets investment from China's Fosun-Reuters

Connect, a San Francisco start-up that helps consumers manage their social networking and mobile messaging contacts, has raised $10.3 million in a funding round led by the venture arm of Chinese conglomerate Fosun International, Reuters reported.

Online peer-to-peer banker LendingClub's IPO priced at $15/share-Reuters

The initial public offering of LendingClub Corp (LC.N), the world's largest online marketplace directly connecting borrowers and investors, was priced at $15 per share, above its expected price range of $12-$14, Reuters reported.