Reuters News

Bain to sell stake in India's Hero MotoCorp worth up to $393 mln-Reuters

U.S. private equity firm Bain Capital Partners LLC will sell its equity stake worth up to $393 million in Hero MotoCorp Ltd , India's largest maker of motorcycles and scooters, according to a deal term sheet seen by Reuters.

Crafts retailer Michaels looks to long-awaited summer IPO, say sources-Reuters

The initial public offering of Michaels Cos Inc, which has been planned for the last two years, will finally take place this summer, sources told Reuters.

Twitter COO Rowghani resigns amid lackluster growth-Reuters

Twitter Inc said on Thursday Ali Rowghani resigned as chief operating officer, effective Thursday.

Freshdesk raises $31 million in private equity funding-Reuters

Indian online customer support platform Freshdesk has raised $31 million in a fresh round of funding from private equity firms Tiger Global, Accel Partners and Google Capital, the company said on Thursday.

Goldman, Bain to pay $121 mln in LBO collusion settlement: Reuters

Goldman Sachs Group Inc (GS.N) will pay $67 million and Bain Capital Partners LLC will pay $54 million to settle their portions of a lawsuit accusing several big private equity firms of conspiring not to outbid each other in takeovers.

Goldman, Bain to pay $121 million in LBO collusion settlement - Reuters

Goldman Sachs Group Inc will pay $67 million and Bain Capital Partners LLC will pay $54 million to settle their portions of a lawsuit accusing several big private equity firms of conspiring not to outbid each other in takeovers, writes Reuters. The preliminary settlement with former shareholders of companies acquired in leveraged buyouts from 2003 to 2007 was disclosed in papers filed on Wednesday in Boston federal court, and requires approval by U.S. District Judge William Young.

Owner of packaging maker Ranpak explores $1 bln sale, say sources-Reuters

Buyout firm Odyssey Investment Partners LLC is exploring a sale of Ranpak Corp that could value the company, one of the world's largest producers of protective paper packaging materials, at close to $1 billion, sources told Reuters.

UK retailer B&M looks to price IPO at 270 pence a share, say sources-Reuters

UK discount retailer B&M is seeking to price its London listing at 270 pence a share, after telling investors that orders below that price were likely to miss out, sources told Reuters.

GoPro's IPO to value wearable camera maker at up to $3 bln-Reuters

GoPro Inc, a maker of wearable sports cameras and accessories, said it expected its initial public offering to be priced at $21-$24 per share, valuing the company at up to $3 billion, Reuters reported.

Index Ventures raises 400 mln euros for early-stage fund: Reuters

Index Ventures, the firm known for backing online video-chat service Skype at its early stages, said on Tuesday that it had raised 400 million euros ($541.62 million) for a venture fund focused on early-stage investments.