Reuters News

Catalyst CEL Fund invests $42 mln in Lamina Technologies-Reuters

The Catalyst CEL Fund said on Thursday it had agreed to invest $42 million in Lamina Technologies, a Swiss-based maker of metal-cutting tools, Reuters reported.

Shake Shack picks JPMorgan, Morgan Stanley to lead IPO: Reuters

Shake Shack, the fast-food restaurant chain that has developed a cult following for its 'Shackburgers', 'flat-top' hot dogs and eponymous shakes, has selected JPMorgan Chase & Co (JPM.N) and Morgan Stanley (MS.N) to lead a proposed initial public offering.

China private equity firm Orchid Asia raises $920 mln in sixth fund: Reuters

Orchid Asia, one of China's oldest private equity firms, said on Thursday it had closed its sixth private equity growth fund, raising $920 million, well above its original target, on a record of strong returns to investors.

Hony Capital buys 20 pct stake in Chinese farm machinery maker for $113.3 mln-Reuters

Hony Capital, the private-equity firm backed by Legend Holdings, said it bought a 20 percent stake in Chinese farm machinery maker Chery Heavy Industry Co Ltd for 696 million yuan ($113.3 million), seeking to profit from Beijing's drive to modernize its farm industry, Reuters reported.

Gulf's Topaz Energy gets $75 mln investment from Standard Chartered PE-Reuters

Oman's Renaissance Services said on Wednesday that its unit Topaz Energy and Marine had secured a $75 million investment from Standard Chartered Private Equity (SCPE), Reuters reported.

Silver Lake, Bain vie for photobook maker Shutterfly, say sources-Reuters

Silver Lake Partners LP and Bain Capital LLC are among the buyout firms in the running to acquire Shutterfly Inc, an online photo-sharing services provider with a market value of $2 billion, sources told Reuters.

LVMH fund invests in Psy producer YG: Reuters

The private equity arm of French luxury goods giant LVMH will invest up to $80 million in South Korea's YG Entertainment Inc, which manages a stable of K-pop performers including "Gangnam Style" rapper Psy, Reuters reported.

Amid investor pressure, PetSmart says to explore sale: Reuters

PetSmart Inc said on Tuesday it will explore a potential sale of the company, bowing to mounting pressure from several shareholders led by activist investor Jana Partners LLC, Reuters reported.

Canada's Couche-Tard makes short-list in $16 bln Sinopec unit sale, say sources-Reuters

Canadian retailer Alimentation Couche-Tard Inc and China's Tencent Holdings Ltd are among suitors short-listed to buy a $16 billion minority stake in China's Sinopec Sales, the world's largest fuel retail network, sources told Reuters.

Warburg, Shanghai Baosteel agree to buy China gas assets for $489 mln-Reuters

Global private equity firm Warburg Pincus and China's Shanghai Baosteel Gases Ltd have agreed a deal to buy the industrial gas assets of Henan Jinkai Chemical Investment Holding Group for 3 billion yuan ($489 million), the two partners said on Tuesday.