Reuters News

Fresenius, Permira in bid for Danone medical unit-WSJ

The German healthcare group Fresenius and the Permira investment fund have made a joint offer for the medical nutrition arm of Danone, The Wall Street Journal said, citing sources close to the matter.

LeapFrog buys majority stake in Kenya's Resolution Insurance-Reuters

LeapFrog Investments, a private equity firm backed by George Soros and JP Morgan, has bought a majority stake in Kenyan insurer Resolution in a deal valued at 1.68 billion shillings ($18.64 million), both firms said on Thursday.

Bain Capital hires advisers for $2.6 bln IPO of Australia's MYOB: Reuters

U.S. private equity giant Bain Capital hired Reunion Capital Partners to advise on a listing of Australian accounting software firm MYOB Ltd worth up to A$3 billion ($2.58 billion).

German online travel group Unister relaunches sale, say sources-Reuters

German online travel group Unister Travel has attracted first round bids from buyout groups in a potential 700 million to 1 billion euro ($877 million-$1.25 billion) deal, after legal problems delayed an earlier sale attempt, sources told Reuters.

KKR, CD&R prepare joint bid for PetSmart, say sources-Reuters

Buyout firms KKR & Co LP (KKR.N) and Clayton, Dubilier & Rice LLC (CD&R) have teamed up to take PetSmart Inc (PETM.O) private for more than $7.5 billion, sources told Reuters, as the auction for the pet food retailer heats up.

E.ON, Macquarie in exclusive talks over Spanish ops, say sources-Reuters

Germany's top utility E.ON SE (EONGn.DE) has entered exclusive talks to sell its Spanish activities to Australian infrastructure investor Macquarie Group Ltd (MQG.AX), sources told Reuters.

China's Xiaomi says invests $300 million in online video firm iQiyi-Reuters

Xiaomi Technology Co Ltd said on Wednesday it has made $300 million investment in online video provider iQiyi., Reuters reported.

KKR/CVC pick advisers in race for Kuwait's Americana, say sources-Reuters

KKR & Co and CVC Capital Partners have chosen Goldman Sachs and HSBC to advise them on their joint bid for a majority stake in Kuwait Food Co (Americana), sources told Reuters.

Canadian public-private venture capital fund raises C$160 million-Reuters

The second Canadian government-backed investment fund set up to breathe life into the country's venture capital industry raised C$160 million ($141.6 million) on its initial closing, its backers said on Tuesday.

H.I.G. Capital hires Gabriele Magotti in Milan office

Private equity firm H.I.G. Capital appointed Gabriele Magotti director in the company's Milan office.