A group of 69 non-resident Indian investors said on Tuesday they had sued India's ICICI Venture at the Supreme Court in Mauritius seeking to obtain $103 million in damages over alleged losses on their investments in a property fund run by the private equity firm, Reuters reported.
2 min read · 28 October 2014
Amazon.com Inc (AMZN.O) is buying online comedy service Rooftop Media, a small deal that underscores the Internet retailer's broader ambition of becoming a media and entertainment powerhouse, Reuters reported.
2 min read · 28 October 2014
Blackstone Group LP (BX.N), the world's largest private equity investor in real estate, is preparing to seek around $13 billion for its next flagship global real estate fund, in line with its predecessor fund, sources tell Reuters.
2 min read · 28 October 2014
GE Capital has bought a $450 million portfolio of European loans from US-based bank CIT, banking sources said on Monday.
1 min read · 27 October 2014
Buyout group Advent has sold a unit of its German books-to-cosmetics retailer Douglas to rival private equity firm 3i, making headway in a revamp ahead of a planned exit from the investment, Reuters reported.
1 min read · 27 October 2014
Brazilian juice maker Grupo Cutrale and investment firm Safra Group agreed on Monday to acquire U.S.-based banana producer Chiquita Brands International Inc, in a deal valued at $1.3 billion, Reuters reported.
2 min read · 27 October 2014
British holidays and airline company Monarch has been acquired by investment firm Greybull Capital which will pump 125 million pounds ($201 million) into the company as it turns itself into a budget airline, Reuters reported.
1 min read · 27 October 2014
UniCredit (CRDI.MI) has started exclusive talks with a consortium comprising U.S. Fortress Investment Group (FIG.N) and Italy's Prelios (PCRE.MI) to sell debt recovery unit UCCMB, a source close to the matter told Reuters on Friday.
1 min read · 24 October 2014
Chesapeake Oilfield Services, a unit of Chesapeake Energy Corp (CHK.N), said on Friday it would withdraw its plans for an initial public offering.
1 min read · 24 October 2014
American buyout firms Carlyle (CG.O) and Bain Capital are among a group of four private equity funds preparing second-round bids for British luxury paintmaker Farrow & Ball, sources told Reuters.
2 min read · 24 October 2014
