Reuters News

Investcorp buys protective clothing maker Dainese for $163 mln-Reuters

Investcorp has acquired Italian protective clothing maker Dainese for 130 million euros ($163 million), the alternative investment firm said in a statement on Wednesday.

Leonard Green to buy PSSI for $1 bln - Reuters

Private equity firm Leonard Green & Partners LP has agreed to acquire Packers Sanitation Services Inc (PSSI), a U.S. contract food sanitation company, for close to $1 billion, including debt.

Drillinginfo taps banks for an IPO, say sources-Reuters

Drillinginfo Inc, a company that gathers and manages data used in oil and gas exploration, has selected underwriters to lead a potential initial public offering that could value the firm at more than $500 million, sources told Reuters.

Hilton says Blackstone to cut stake in company by 14 percent-Reuters

Hilton Worldwide Holdings Inc (HLT.N), the world's largest hotel operator, said Blackstone Group LP (BX.N) would reduce its stake in the company by 14 percent to about 57 percent.

Virgin America IPO to value airline at about $1 billion-Reuters

Virgin America Inc , a low-cost airline partly owned by Richard Branson, said its initial public offering is expected to be priced at $21-$24 per share, valuing the company at about $1.04 billion at the top end of the range.

Turkey's Yildiz Holding buys United Biscuits towards becoming a global brand-Reuters

Turkey's largest food group Yildiz Holding said on Monday it had acquired UK-based cookies and snacks maker United Biscuits, in a move it said made it the world's third-biggest biscuit maker and would help it expand into new markets, Reuters reported.

Africa phone tower firm IHS raises $2.6 billion-Reuters

Nigerian phone tower group IHS has raised $2 billion in equity and $600 million in debt in what it says is the biggest equity fund raising by an African company this decade, Reuters reported.

Slovenia picks Deutsche Telekom, 4 funds to bid for telecoms firm, say sources-Reuters

Slovenia has narrowed the field of bidders for its largest telecoms provider to Deutsche Telekom and four buyout firms, sources told Reuters, as the government presses ahead with a privatization plan.

UAE's Abraaj offers $118 million for 100 percent of Egypt's Bisco Misr-Reuters

UAE's Abraaj Investment Management has made a formal offer of 850 million Egyptian pounds ($118.88 million) for 100 percent of Bisco Misr (BISM.CA), one of Egypt's main producers of cakes and biscuits, the regulator said in a statement.

Advent, EBRD to buy Hypo Balkans network-Reuters

Nationalized Austrian lender Hypo Alpe-Adria-Bank International AG has agreed to sell its Balkans network to private equity firm Advent International and its partner the European Bank for Reconstruction and Development, Hypo said on Thursday.