Reuters News

Silver Lake in the lead to acquire Shutterfly: Reuters

Private equity firm Silver Lake is in advanced talks to acquire online photo-sharing service Shutterfly Inc for at least $2 billion.

Advent names P&G exec Werner Geissler as operating partner - Reuters

Advent International has appointed Procter & Gamble Co executive Werner Geissler as an operating partner, writes Reuters. Geissler was recently vice-chairman of the consumer products company's global operations.

IPO values online furnishings retailer Wayfair at up to $2.32 billion-Reuters

Online home-furnishings retailer Wayfair Inc's initial public offering is expected to be priced at $25-$28 per share, valuing the company at $2.32 billion at the top end of the range, Reuters reported.

TPG-backed American Beacon Advisors explores sale, say sources-Reuters

American Beacon Advisors Inc, a manager of mutual funds owned by buyout firms Pharos Capital Group LLC and TPG Capital LP, is exploring a sale that could value it at more than $600 million, including debt, sources told Reuters.

Carlyle-backed PES Logistics Partners files for IPO-Reuters

PES Logistics Partners LP, controlled by private equity firm Carlyle Group LP and gasoline retailer Sunoco Inc, filed with U.S. regulators for an initial public offering of common stock, Reuters reported.

American Securities-owned FMSA's IPO to raise about $1 billion-Reuters

FMSA Holdings Inc (IPO-FMSA.N), owned by private equity firm American Securities LLC, said it expected its initial public offering to be priced at $21-$24 per share, raising up to $1.07 billion, Reuters reported.

Mitsubishi offers $1.4 bln for Norway's Cermaq

Mitsubishi has offered $1.4 billion for Norwegian fish farmer Cermaq, writes Reuters. The bid has been agreed by Cermaq's board and is supported by Norway's government, the top shareholder with 59 percent.

UK’s Electra rejects investor’s call for shake up - Reuters

British private equity firm Electra has rejected calls from activist investor Edward Bramson's Sherborne Investors to review its strategy and elect Bramson to the board, writes Reuters. Sherborne said in a letter last week that a revamp of Electra could create over one billion pounds ($1.6 billion) of shareholder value.

Alibaba jumps more than 40 percent in trading debut-Reuters

Alibaba Group Holding Ltd's (BABA.N:) shares surged by more than 40 percent in their first day of trading on Friday as investors jumped in to buy what looks likely to be the largest IPO in history, Reuters reported.

Japan's Skylark to offer up to $1.1 billion in shares in Tokyo IPO-Reuters

Japan's Skylark Co Ltd will list on the Tokyo Stock Exchange on Oct. 9 in an initial public offering worth up to $1.1 billion, marking the restaurant operator's return to the market three years after it was bought by Bain Capital., Reuters reported.