Reuters News

Kellogg evaluating bid for United Biscuits, says source-Reuters

Kellogg Co has hired an adviser to evaluate a bid for cookies and snacks maker United Biscuits Ltd, a source told Reuters.

Packaging distributor TricorBraun eyes $1.3 bln sale, say sources-Reuters

TricorBraun Inc is planning a sale process that could value the provider of jars and bottles to the cosmetics, healthcare and food and drink industries at more than $1.3 billion, including debt, sources told Reuters.

Apollo Global Management posts lower Q2 profit: Reuters

Apollo Global Management LLC said on Wednesday its second-quarter earnings fell 6 percent, missing most analysts' expectations, as it sold fewer of its private equity holdings while taxes and expenses rose.

Baring, GIC in talks to buy stake in Indian mortgage lender, say sources-Reuters

Baring Asia and Singapore's GIC are in separate talks to invest about $175 million to buy the 49 percent stake in India's PNB Housing Finance Ltd currently held by investment firm New Silk Route, sources told Reuters.

KKR-backed Rundong Auto prices HK IPO low, raises $124 mln-Reuters

Luxury automobile dealer China Rundong Auto Group Ltd, backed by private equity firm KKR & Co LP, and one of its shareholders raised $124 million in a Hong Kong initial public offering, according to a term sheet seen by Reuters on Wednesday.

Walgreen to keep U.S. tax domicile as buys Alliance Boots: Reuters

U.S. retailer Walgreen Co (WAG.N) won't use a full takeover of Europe's biggest pharmacy chain Alliance Boots to move its domicile overseas, it said on Wednesday, following fierce criticism of such tax-cutting deals at home.

China Life Insurance to buy $250 mln stake in TPG: Reuters

China Life Insurance Co Ltd will buy a $250 million stake in private equity fund TPG Capital, a source with direct knowledge of the matter told Reuters on Wednesday.

SolarCity competitor Vivint Solar files for IPO, say sources-Reuters

strong>Vivint Inc, the home security and solar-energy provider owned by private equity firm Blackstone Group LP, has confidentially filed for an initial public offering (IPO) of its solar business, sources told Reuters.

Warburg Pincus to invest up to $600 million in Zenith Energy-Reuters

Private equity firm Warburg Pincus LLC said on Monday it had agreed to invest up to $600 million in equity in Zenith Energy, a developer and operator of terminals that store and distribute petroleum, natural gas liquids and petrochemicals, Reuters reported.

ADB, Orix, Robeco launch private equity fund for low-carbon deals-Reuters

The Asian Development Bank (ADB), Orix Corp and Robeco Institutional Asset Management BV said on Monday they have formed Asia Climate Partners (ACP), a joint venture to make private equity investments in low-carbon deals across Asia, Reuters reported.