Gulf investment firm Investcorp has ended talks to buy a majority stake in Italian fashion house Roberto Cavalli, several sources familiar with the deal said, as it was unwilling to pay the 450-million-euro ($612 million) price tag, Reuters reported.
2 min read · 27 June 2014
KKR & Co LP (KKR.N) said on Thursday it named Alexander Navab sole head of its Americas private equity business after a review resulted in Michael Michelson's giving up his title as co-head alongside Navab to return to full-time investing.
3 min read · 26 June 2014
Aluminum refiner Alcoa Inc expanded its aerospace business, announcing a $2.85 billion deal to buy Firth Rixson , which makes jet engine parts, from private equity firm Oak Hill Capital Partners, Reuters reported.
2 min read · 26 June 2014
Homebuilder Woodside Homes Inc filed with U.S. regulators on Wednesday for an initial public offering of its common stock, Reuters reported.
1 min read · 26 June 2014
Wearable sports camera maker GoPro Inc's initial public offering was priced at $24 per share, an underwriter said, valuing the company at up to $2.96 billion.
2 min read · 26 June 2014
Blackstone Group and its partner, Embassy Group, are laying the groundwork to cash in on their property holdings by setting up India's first real estate investment trust (REIT) and listing it on one of the country's stock exchanges, writes Reuters. Listing REITs gives companies like Blackstone, The Xander Group, an emerging markets investor backed by the Rothschild family, and private equity firm Red Fort Capital, which counts Abu Dhabi Investment Authority among its investors, an attractive option to exit some of their investments, writes Reuters.
4 min read · 26 June 2014
The London Stock Exchange Group is to acquire US-based asset manager and stock exchange provider Frank Russell for $2.7 billion, with the help of a $1.6 billion rights issue, writes Reuters. The LSE said in May that it was in exclusive talks with the owners about a possible acquisition for the firm, which is owned by life insurer Northwestern Mutual.
2 min read · 26 June 2014
The U.S. Securities and Exchange Commission unveiled a one-year "tick size" pilot program to let some stocks trade in five-cent increments instead of one-penny increments.
2 min read · 25 June 2014
The U.S. Securities and Exchange Commission unveiled a one-year "tick size" pilot program to let some stocks trade in five-cent increments instead of one-penny increments.
2 min read · 25 June 2014
VWR Corp, a provider of laboratory supplies and services, filed with U.S. regulators on Tuesday to raise up to $100 million in an initial public offering, Reuters reported.
2 min read · 25 June 2014
