Reuters News

CVC completes fourth Asia fundraising - Reuters

Global private equity firm CVC Capital Partners has completed a $3.5 billion fund for investments in Asia, writes Reuters. CVC Capital Partners Asia Pacific IV LP is 15 percent smaller than the firm's previous Asia fund of $4.12 billion raised in 2008.

KKR to buy Singapore's Goodpack - Reuters

KKR is nearing a deal to buy Singapore's Goodpack, writes Reuters. Goodpack is a maker of intermediate bulk containers which has a market value of S$1.36 billion ($1.1 billion), writes Reuters.

NY regulator offers new rules on PE insurer purchases

(Reuters) - New York's top financial regulator on Friday proposed tougher rules for private equity firms and others buying insurance companies, increasing scrutiny in a bid to protect retirees and others who typically buy annuities.

TrueCar.com owner's shares rise about 20 percent in debut-Reuters

Shares of TrueCar Inc, owner of car comparison website TrueCar.com, rose about 20 percent in their market debut, valuing the company at about $764 million, Reuters reported.

Uber in talks to secure new funding at $10 billion-plus valuation - Bloomberg

Uber Technologies Inc, which arranges car rides on demand, is in talks to secure a new round of financing from private equity investors that may value the company at more than $10 billion, Bloomberg cited people with knowledge of the situation as saying.

Buffett's Berkshire Hathaway buys stake in Verizon, adds to Wal-Mart-Reuters

Warren Buffett's Berkshire Hathaway Inc bought a new stake of 11 million shares in Verizon Communications Inc in the first quarter and added to its holding in Wal-Mart Stores Inc, according to a regulatory filing on Thursday.

Singapore's GIC to buy into Philippine Metro Pacific's hospital unit-Reuters

The private equity arm of Singaporean sovereign wealth fund GIC has agreed to buy a minority stake in the hospital unit of Philippine conglomerate Metro Pacific Investments Corp (MPIC) for 3.7 billion pesos ($85 million), Reuters reported.

Britain's 3i to invest $842 mln in mid-sized businesses: Reuters

British private equity firm 3i will stay away from bid battles and expensive deals as it seeks to learn from past mistakes when investing a planned 500 million pounds ($842 million) in mid-sized businesses over the coming years.

Malaysia's Khazanah, TPG buy into Philippines' 8990 for $132 mln -- Reuters

Malaysia's state investor Khazanah Nasional Bhd and global private investment firm TPG have agreed to buy $132 million worth of shares in 8990 Holdings Inc, Reuters reported.

Fortress preparing $4.7 billion bid for Stuyvesant Town: Bloomberg

Fortress Investment Group LLC (FIG.N: Quote, Profile, Research, Stock Buzz) is considering making a $4.7 billion bid for Stuyvesant Town-Peter Cooper Village, a Manhattan apartment complex, Bloomberg reported, citing a person familiar with the matter.