Reuters News

GE, IMI, buyout funds line up bids for Italy's Petrolvalves, says sources-Reuters

General Electric (GE.N), UK engineer IMI (IMI.L) and buyout funds CVC and First Reserve are preparing binding offers for Italian valve maker Petrolvalves, sources told Reuters.

Canada's PSP, Arcus near deal to buy TDF French unit, say sources-Reuters

Canadian pension fund PSP Investment and France's Arcus Infrastructure Partners are nearing a deal to buy the French operations of broadcasting masts group TDF in a deal worth around 3.55 billion euros ($4.7 billion), sources told Reuters.

IEX Group raises $75 mln in push to become a stock exchange: Reuters

Upstart trading venue IEX Group said on Wednesday it has raised $75 million led by Spark Capital to help fund its efforts to become a registered U.S. stock exchange and to explore other opportunities.

Carlyle, Fountainvest exit $1.9 bln bid for Shanda Games - Reuters

Carlyle Group and Fountainvest Partners have pulled out of a consortium backing a $1.9 billion bid to buy U.S. listed online games developer Shanda Games, writes Reuters. China online game developer Perfect World Co Ltd and China-focused private equity firm Primavera Capital have also exited the consortium.

TDC and buyout firms vie for Norway's cable operator Get, say sources: Reuters

Norway's second-biggest cable operator Get expects to receive binding offers from Denmark's TDC and two private equity funds in a sale that could value the company at around 1.4 billion euros ($1.84 billion) including debt, sources familiar with the situation said.

Eric Cantor to join investment bank Moelis as vice chairman: Reuters

Former U.S. House Majority Leader Eric Cantor will join investment bank Moelis & Co (MC.N) as vice chairman and managing director, the company said, adding that Cantor will also be elected to its board.

Norwegian Cruise nears $3 billion Prestige Cruises deal: Reuters

Norwegian Cruise Line Holdings Ltd NCHL.O, the world's third largest cruise operator, is in advanced talks to acquire peer Prestige Cruises International Inc for around $3 billion, according to people familiar with the matter.

KKR sells final stake in China Modern Dairy - Reuters

KKR has sold its remaining stake in China Modern Dairy Holdings, raising around $80 million, writes Reuters. KKR (sold around 168 million shares at HK$3.70 per share versus Monday's closing price of HK$3.85, according to Reuters.

Sweden's Ratos prepares window maker for IPO - Reuters

Swedish private equity firm Ratos is planning to list window and door maker Inwido on the Stockholm stock exchange before the end of the year, writes Reuters. Ratos owns 97 percent of the business.

Blackstone and Blue Water Energy back North Sea oil co - Reuters

Private equity firms Blackstone and Blue Water Energy have teamed up to lead an investment of up to $500 million in Siccar Point Energy, a new North Sea-focused oil company, writes Reuters. Singapore sovereign fund GIC is also contributing funding, writes Reuters.