Reuters News

Austria's Volksbanken sells private equity portfolio: Reuters

Austria's Volksbanken has sold a portfolio of private equity funds worth 110 million euros ($147 million) as part of a revamp demanded by the European Commission, it said on Thursday.

Italy's Clessidra buys 35 pct of clothing group Harmont & Blaine-Reuters

Italian private equity firm Clessidra has agreed to buy 35 percent of Harmont & Blaine in a move set to help fund the expansion of the Naples-based casual wear maker ahead of a planned bourse listing, Reuters reported.

Charterhouse picks banks for IPO of Germany's Armacell, say sources-Reuters

British buyout group Charterhouse Capital has picked banks to prepare a stock market listing of its German insulation materials firm Armacell, two people familiar with the plans said.

Terra Firma's aircraft lessor Awas eyes $13 billion breakup: Reuters

Awas, the aircraft leasing company owned by British private equity firm Terra Firma, is working on a break-up that could value the Dublin-based lessor at roughly $13 billion.

China pork giant WH Group raises $2.1 bln in HK IPO: Reuters

WH Group Ltd, the world's biggest pork producer, has raised the $2.1 billion it sought in a Hong Kong initial public offering, a person with direct knowledge of the deal said on Wednesday.

KKR-backed Rundong Auto to launch up to $138 mln HK IPO: Reuters

China's Rundong Automobile Group, backed by private equity firm KKR & Co LP, said it will launch an up to $138 million initial public offering in Hong Kong on Thursday, betting on continued demand for luxury vehicles in the world's second-largest economy.

3i says new financial year has started well: Reuters

London-based private equity group 3i said it earned 164 million pounds ($277.88 million) from exiting companies in the last quarter, with a further 245 million pounds to come.

Bain Capital to sell just under half of Japan telemarketer Bellsystem24 to Itochu-Reuters

S. buyout firm Bain Capital has agreed to sell a 49.9 percent stake in Japanese telemarketing firm Bellsystem24 Holdings to Tokyo-based trading house Itochu Corp, the parties said in separate statements without disclosing the value of the deal, Reuters reported.

E-tailer Flipkart raises $1 billion in funding-Reuters

Flipkart, India's largest e-tailer, said on Tuesday it raised a fresh round of funding worth $1 billion as it tries to aggressively scale up after Amazon.com Inc's rapid expansion in the country has heated up competition, Reuters reported.

Carlyle nears $5 billion deal for Acosta - Reuters

Carlyle Group is in advanced talks to acquire Acosta Sales and Marketing, writers Reuters. The deal could value the consumer goods marketing agency at close to $5 billion including debt, writes Reuters.