Reuters News

Hyatt Hotels to sell 38 hotels as franchises for about $590 mln-Reuters

Hyatt Hotels Corp said it will sell as franchises 38 select service hotels to a company organized by Lone Star Funds for about $590 million, Reuters reported.

Indonesia rice producer Tiga Pilar to sell 10 pct stake to KKR-Reuters

Indonesian rice and noodle producer PT Tiga Pilar Sejahtera Food Tbk plans to sell 10 percent of itself to KKR & Co LP for 658 billion rupiah ($54.90 million), taking the U.S. private equity firm's stake to around 25 percent, Reuters reported.

Omni backs ex-Barclays top trader to launch European hedge fund-Reuters

Omni Partners is preparing to launch a hedge fund to be managed by former head of European equity trading at Barclays Howard Spooner in December, as the London-based firm looks to diversify its product offerings to investors, Reuters reported.

Exclusive: Vitamin Shoppe gets investor push to sell itself: Reuters

A handful of large shareholders are calling on nutritional supplement retailer Vitamin Shoppe Inc (VSI.N) to consider a sale to private equity or larger rival GNC Holdings Inc (GNC.N).

Alibaba IPO prices at top of range, raising $21.8 billion: Reuters

Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday, in the latest sign of strong investor appetite for the Chinese e-commerce juggernaut, Reuters reported.

UAE's Ithmar Capital picks CS, Deutsche for $436 mln Dubai IPO, say sources-Reuters

United Arab Emirates-based private equity firm Ithmar Capital has picked Credit Suisse and Deutsche Bank to manage an initial share sale for a vehicle it hopes to list on the Dubai bourse by the end of the year, sources told Reuters.

Blackstone-backed Vivint Solar IPO to raise up to $371 mln-Reuters

Vivint Solar Inc, a residential solar panel installer backed by Blackstone Group LP, is expected to raise up to $371 million in its initial public offering, Reuters reported.

Tiger Global leads $60 mln investment in India's Quikr: Reuters

Indian online classifieds portal Quikr has secured $60 million from backers led by U.S. investor Tiger Global Management LLC to boost product development and expand its mobile business, the company said on Wednesday.

Ontario Teachers becomes sole owner of UK's Bristol Airport-Reuters

Ontario Teachers' Pension Plan is buying out co-shareholder Australian asset manager Macquarie Group Ltd in Bristol Airport, giving the Canadian company complete control of UK's ninth busiest airport, Reuters reported.

Lab equipment supplier VWR's IPO to raise up to $638 mln-Reuters

Laboratory equipment supplier VWR Corp said it expects its initial public offering of common stock to be priced between $22 and $25 per share, raising up to $638 million, Reuters reported.