Reuters News

Elizabeth Arden hires Goldman to explore sale, say sources-Reuters

Elizabeth Arden Inc has hired Goldman Sachs Group to explore a sale and reached out to a small group of potential buyers, sources told Reuters.

Zimmer to buy PE-backed Biomet for $13.35 bln

Medical device maker Zimmer Holdings Inc said it would buy orthopedic products company Biomet Inc in a deal valued at about $13.35 billion to broaden its portfolio of products that treat bone and joint-related disorders.

KKR's Q1 earnings drop 3 percent on fund values: Reuters

Private equity firm KKR & Co LP on Thursday reported a 3 percent year-on-year drop in first-quarter profit due to a lower appreciation of its investments, overshadowing a near-doubling in fees it received for managing assets and doing deals.

Carlyle's Applus prices Madrid IPO - Reuters

Applus is set to raise 1.1 billion euros ($1.5 billion) in its Madrid stock market debut, writes Reuters. The Spanish testing company is owned by Carlyle.

Chobani secures $750 mln investment from TPG: Reuters

Chobani said on Wednesday it has received a $750 million investment from private equity firm TPG, in a move that will spare the Greek yogurt company from a serious cash crunch, according to several people familiar with the matter.

Domus to sell shares in IPO - Reuters

Netherlands-based property firm Domus and its parent company are to sell up to $345.96 million of new and existing shares, writes Reuters. RPG Byty owns Domus and is controlled by Dutch private equity firm BXR.

PAI Partners to acquire Euro Media Group

French private equity firm PAI Partners is to purchase Euro Media Group, writes Reuters. The business is a audiovisual services provider.

UK insurer Saga planning a $5 bln London listing, say sources-Reuters

British insurance company Saga is planning a London stock market debut that could value the company at 3 billion pounds ($5.1 billion), sources told Reuters.

CIBC, buyout firms circle Russell Investments, say sources-Reuters

Canadian Imperial Bank of Commerce, the fifth largest bank in Canada, and two private equity consortia are exploring offers for global asset manager Russell Investments, sources told Reuters.

Private equity firm Ardian raises largest ever fund of funds: Reuters

European private equity house Ardian raised $10 billion in its latest fundraising cycle, it said on Wednesday, creating the industry's largest ever fund of funds as investors pile into private equity.