Reuters News

U.S. buyout firm Carlyle enters South Africa with tyre deal: Reuters

Carlyle Group (CG.O) has agreed to buy South African tyre retailer Tiger Automotive from Ethos Private Equity, Ethos said on Wednesday, the U.S. buyout firm's first deal in Africa's most developed economy.

Infront media attracts private groups Wanda and Providence - FT

U.S. private equity group Providence and two Chinese groups are considering possible bids for the Swiss sports marketing company Infront Sports & Media AG, the Financial Times reported, citing sources.

South Africa's Steinhoff expands discount offer with $5.7 bln Pepkor buy-Reuters

South Africa's Steinhoff International will buy clothing retailer Pepkor in a $5.7 billion deal that gives the budget furniture firm exposure to Africa's fast-growing apparel market and strengthens its business in eastern Europe, Reuters reported.

Carlyle to buy tire firm stake in maiden South Africa deal, says source-Reuters

U.S. private equity firm Carlyle Group LP (CG.O) has agreed to acquire a stake in South African tyre dealer Tiger Wheel & Tyre, a source told Reuters, marking its first deal in Africa's most developed economy.

Visteon eyes $3.6 billion sale of South Korean unit, say reports-Reuters

U.S. automotive parts maker Visteon Corp (VC.N) has signed a preliminary deal to sell its controlling stake in South Korea's Halla Visteon Climate Control Corp (018880.KS) to a local private equity firm for $3.6 billion, Korean media reports said.

Carlyle seeking $5 bln for fund with longer life - Bloomberg

Private equity firm Carlyle Group LP is looking to raise about $5 billion for a fund that can hold stakes in companies for as long as 20 years, Bloomberg reported.

Owner of luxury retailer Net-a-Porter eyes 2015 IPO - Bloomberg

Luxury goods group Richemont (CFR.VX) is considering a market listing for online retailer Net-a-Porter as early as next year, Bloomberg reported on its website on Friday.

Affinity, MBK submit initial bids for S.Korea's KT Rental, says source - Reuters

Asian private equity firms Affinity Equity Partners and MBK Partners are among the initial bidders to buy South Korea's biggest car rental company KT Rental, a source told Reuters.

Cinven, ABRY ready final bids for KKR's Northgate unit, say sources-Reuters

U.S. and European buyout funds are preparing final bids to acquire a division of KKR's software firm Northgate Information Solutions in a deal that could value the asset at up to 470 million pounds ($738 million), sources told Reuters.

One dead in explosion at Riverstone-backed Fieldwood platform in Gulf of Mexico: Reuters

An explosion at oil and gas operator Fieldwood Energy's Echo Platform, which is backed by Riverstone Holdings, in the Gulf of Mexico Thursday killed one person and injured at least one, but no pollution was reported, a U.S. safety agency and the company said.