Belgian diaper maker Ontex is to list on the Brussels stock exchange, writes Reuters. Ontex is owned by Texas Pacific Group and Goldman Sachs Capital Partners, which bought the group from private equity investment trust Candover in 2010 for 1.2 billion euros ($1.7 billion).
1 min read · 30 April 2014
China's WH Group Ltd, the world's biggest pork company, has postponed its planned Hong Kong initial public offering due to weak demand for the deal even after it cut the offer size by two-thirds, sources told Reuters.
2 min read · 29 April 2014
Alibaba Group Holding Ltd and a private equity firm co-founded by its executive chairman Jack Ma have agreed to buy a $1.22 billion stake in Youku Tudou Inc, as China's ecommerce giant intensifies its focus on online video business, Reuters reported.
3 min read · 29 April 2014
Business-intelligence service Tidemark said it has raised another $32 million in funding to help it take on an area once dominated by companies like Oracle and SAP, Reuters reported.
1 min read · 29 April 2014
Leading Texas power company Energy Future Holdings filed for bankruptcy on Tuesday, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged.
2 min read · 29 April 2014
Energy Future Holdings is close to signing up at least $9.7 billion of bankruptcy loans from a consortium led by Citigroup and Deutsche Bank, according to two sources involved in the matter, allowing it to finance its operations during a bankruptcy expected to be filed by Tuesday.
3 min read · 29 April 2014
Chad Leat, a retired Citigroup Inc executive, is now working as a consultant for former client Apollo Global Management LLC, writes Reuters. Leat stepped down last year as chairman of Citigroup Inc's alternative assets group and vice chairman of global banking. He now advises private equity and credit investment firm Apollo on a range of its investment activities, writes Reuters.
2 min read · 29 April 2014
A unit of Texas power company Energy Future Holdings, Texas Competitive Electric Holdings Co LLC, filed for bankruptcy on Tuesday, seven years after Energy Future's record leveraged buyout stacked it with debt just as electricity prices plunged.
1 min read · 29 April 2014
U.S. drugmaker Pfizer Inc is working on its next move in a potential $100 billion battle for Britain's AstraZeneca Plc after having two bids rejected, as deal-making grips the healthcare industry, Reuters reported.
4 min read · 28 April 2014
Egypt's Citadel Capital said on Sunday it was selling its majority stake in the Sudanese Egyptian Bank to the Islamic Solidarity Bank of Sudan for $22 million, Reuters reported.
1 min read · 28 April 2014
