Reuters News

Bain buys 80 pct of China leasing firm for $164 mln, says source-Reuters

Global private equity firm Bain Capital has acquired an 80 percent stake in Lionbridge Financial Leasing (China) Co Ltd for around 1 billion yuan ($164 million), a source told Reuters.

Blackstone reports 18 percent rise in third-quarter profit -- Reuters

Blackstone Group LP, the largest publicly listed alternative asset manager, reported an 18 percent rise in third-quarter profit on Thursday, missing many analysts' expectations, Reuters reported.

Jimmy Choo seen pricing London float at bottom of range -- Reuters

Luxury shoemaker Jimmy Choo is expected to set its London flotation price at 140 pence a share, the bottom of its indicative range, two sources familiar with the matter said on Thursday, amid declining enthusiasm for new issues, Reuters is reporting.

Ocean Rig Partners files for IPO-Reuters

Ocean Rig Partners LP has filed with U.S. regulators for an initial public offering of common units, Reuters reported.

Blackstone, Gulf investors buy minority stake in UAE's GEMS Education-Reuters

Dubai's Fajr Capital said on Wednesday that it was part of a group including Blackstone and Bahrain sovereign fund Mumtalakat that acquired a "significant minority stake" in United Arab Emirates-based GEMS Education.

CVC in exclusive talks to acquire Finland's Paroc, say sources-Reuters

European private equity firm CVC is in exclusive talks to acquire Finnish insulation material maker Paroc, two sources told Reuters.

ConvaTec owners appoint banks to explore sale -- Reuters

ConvaTec's owners have appointed Morgan Stanley and Goldman Sachs to explore a sale of the medical device maker which could be worth up to $10 billion, sources told Reuters.

Tech firms HP, EMC call off merger talks - Reuters

Hewlett-Packard Co has ended merger talks with EMC Corp and may announce this development as soon as Wednesday, deciding to walk away after months of fruitless negotiations, people briefed on the matter told Reuters.

JPMorgan's profit weaker than expected on high costs-Reuters

JPMorgan Chase & Co (JPM.N) reported lower-than-expected third-quarter profit on Tuesday as high costs more than offset strength in its capital markets and lending businesses, Reuters reported.

Google set to lead $500 million investment in Magic Leap - Re/Code

Google Inc and other investors are planning to invest about $500 million in hardware and software developer Magic Leap Inc to deliver "cinematic reality," technology website Re/Code said, citing sources.