Italian private equity firm Investindustrial has agreed to buy a majority stake in Flos in a deal which a source close to the company said valued the Italian lighting business at around 400 million euros ($517 million), Reuters reported.
2 min read · 15 September 2014
U.S. private equity funds Bain Capital LLC and Carlyle Group LP are in separate talks to buy up to a 75 percent stake in India's Famy Care Ltd for about $400-$450 million, sources told Reuters.
1 min read · 15 September 2014
Spanish call center operator Atento SA IPO-ATTO.N, owned by private equity firm Bain Capital Partners LLC, said it expected its initial public offering to be priced $19-$22 per share, valuing the company at up to $1.60 billion.
1 min read · 15 September 2014
State-controlled oil giant Sinopec Corp has unveiled a plan to sell a $17.5 billion stake in its retail business, writes Reuters. Sinopec's retail unit will issue new shares to a group of 25 financial companies like insurers and funds and raise 107.1 billion yuan ($17.5 billion), the company said in a filing.
4 min read · 15 September 2014
Singapore's sovereign fund GIC is joining Canada's PSP Investments and Ontario Teachers' Pension Plan in together investing US$700 million to support the acquisition-led growth strategy of XPO Logistics Inc, Reuters reported. U.S. private equity firm Jacobs Private Equity, which is led by American businessman Bradley Jacobs, will continue to be the company's largest shareholder. Based in Greenwich, Connecticut, XPO is a provider of freight transportation services.
2 min read · 12 September 2014
U.S. retailer Dollar General Corp is preparing to go hostile as soon as this week in its bid to buy rival Family Dollar Stores, taking its $9.1 billion offer directly to shareholders after being spurned twice by its smaller rival.
3 min read · 10 September 2014
LeapFrog Investments, a private equity firm backed by George Soros and JP Morgan, said it has raised $400 million for socially responsible investments in Asia and Africa - the largest ever for a fund specialising in low-income emerging market financial services.
2 min read · 09 September 2014
South African investment bank Investec said on Tuesday it will sell its UK mortgage business for 180 million pounds ($290 million) to private equity firms Blackstone and TPG, as part of a plan to offload non-core assets.
1 min read · 09 September 2014
Alibaba Group Holding Ltd disclosed on Friday that it would pay $15.8 million in legal fees to law firm Simpson Thacher and other attorneys who advised the Chinese e-commerce giant on its upcoming IPO, six times what Facebook paid its counsel two years ago.
2 min read · 08 September 2014
Carlyle has closed its fourth Asia fund at $3.9 billion, the second-largest private equity fund ever raised for Asia investments, writes Reuters.
3 min read · 08 September 2014
