BlackRock has hired former Man Group executive Lars Meisinger as chief operating officer in Europe for its alternative investment unit, the world's biggest money manager said on Wednesday.
1 min read · 17 September 2014
Globalive Capital, the investment company of Wind Mobile's founder confirmed it would buy Vimpelcom Ltd's majority stake in the young Canadian wireless company, promising a fresh boost of capital as it seeks to cement its place as a major national player, Reuters reported. The estimated $300 million deal was funded by a consortium of private equity investors including West Face Capital, Tennenbaum Capital Partners, LG Capital Investors, Serruya Private Equity and Novus Wireless Communications.
2 min read · 16 September 2014
Sidecar, a ride-sharing startup which competes with on-demand car services such as Uber and Lyft, said it raised $15 million from existing and new investors, including Virgin Group founder Richard Branson, Reuters reported.
1 min read · 16 September 2014
Private equity firm Hellman & Friedman LLC is close to buying privately held supermarket chain Grocery Outlet Inc, the Wall Street Journal reported, citing people with knowledge of the matter.
1 min read · 16 September 2014
Alibaba Group Holding Ltd raised the price range on its initial public offering to $66 to $68 on Monday, reflecting strong demand from investors for the year's most anticipated debut and potentially the world's largest-ever IPO, Reuters reported.
3 min read · 16 September 2014
Private equity firm AEA Investors is nearing an agreement to buy packaging equipment company Pro Mach Inc for around $1 billion, according to people familiar with the matter, the latest in a series of private equity deals in the packaging sector.
1 min read · 16 September 2014
The California Public Employees' Retirement System, the largest U.S. pension fund, said on Monday that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated.
3 min read · 16 September 2014
British mainframe computer specialist Micro Focus International is to buy privately-owned U.S. rival The Attachmate Group Inc in an all-share deal valuing the firms' combined capital and debt at $2.35 billion (1.45 billion pounds), Reuters reported.
2 min read · 15 September 2014
Freshpet Inc, a maker of healthy food for cats and dogs, filed with U.S. regulators for an initial public offering of its common stock, Reuters reported.
2 min read · 15 September 2014
Porsche Automobil Holding SE, the investment company which owns a majority stake in Volkswagen, on Friday said it had bought a 10 percent stake in Inrix, a U.S.-based firm specialized in analyzing crowd-sourced traffic information, Reuters reported.
1 min read · 15 September 2014
