Reuters News

Japanese banks to invest in CVC Asia private equity fund

Japan Bank for International Cooperation (JBIC) and Sumitomo Mitsui Trust Bank said they have agreed to invest in CVC Capital Partners Ltd’s fourth Asian fund, which is seeking to raise around $3 billion.

GrubHub IPO values company at about $2.04 bln: Reuters

GrubHub Inc's (GRUB.N) initial public offering was priced at $26 per share, slightly above an already raised price range, valuing the biggest U.S. online food delivery services company at about $2.04 billion.

GrubHub IPO values company at about $2.04 billion-Reuters

GrubHub Inc's initial public offering was priced at $26 per share, slightly above an already raised price range, valuing the biggest U.S. online food delivery services company at about $2.04 billion, Reuters reported.

European banks expected to bid for Germany's IKB, say sources-Reuters

Private equity investor Lone Star is expected to receive bids from some large European banks for corporate bank IKB, one of Germany's high-profile victims of the financial crisis, sources told Reuters.

Versace and Blackstone sign stake purchase deal-Reuters

Italian fashion house Versace signed a deal on Thursday to sell a 20 percent stake to U.S. private equity firm Blackstone, spokespeople for the two companies said on Friday.

Investment bank Moelis' IPO values company at up to $1.5 billion-Reuters

Moelis & Co, the advisory firm set up by veteran investment banker Ken Moelis, said it expects to price its initial public offering of 7.3 million Class A shares at between $26 and $29 per share, valuing the firm at up to $1.50 billion, Reuters reported.

Blackstone Asia head Chae to oversee Asia ops from NY: Reuters

Blackstone Group LP's head of private equity for Asia, senior managing director Michael Chae, is returning to New York after three years in Hong Kong, according to an internal memo seen by Reuters.

Online travel firm Bravofly sets price range for market debut-Reuters

Online travel agency Bravofly Rumbo Group has set the price range for its initial public offering at 40.00 to 52.00 Swiss francs ($45-$59) per share and expects to make its debut on the Swiss bourse on April 16, the company said on Tuesday.

Freeman Spogli, Investcorp to buy Totes Isotoner, say sources-Reuters

Buyout firm Freeman Spogli & Co and Bahrain-based investment company Investcorp have agreed to acquire Totes Isotoner Corp, the world's largest marketer of umbrellas, gloves and rainwear, sources told Reuters.

Blackstone, Carlyle move in on Singapore's Goodpack, say sources-Reuters

Blackstone Group and Carlyle Group are considering a bid for Singapore's Goodpack Ltd, sources told Reuters, eyeing the container maker a few weeks after its takeover talks with Australian pallet maker Brambles ended.